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Myanmar, Vietnam Trade Reaches Nearly 200 mln USD in First Quarter Of FY 2018-19
Bilateral trade between Myanmar and Vietnam reached 196 million U.S. dollars as of December in the present fiscal year 2018-2019 which started in October last year, according to the figures from the Commerce Ministry on Saturday.
During the first quarter of this FY 2018-2019, Myanmar's export to Vietnam hit 48.5 million U.S. dollars while its import shared 147.7 million U.S. dollars.
The country's mineral, agricultural, forest and marine products are mainly exported to Vietnam while automobile spare parts, computer parts, construction materials, steel, plastics, pharmaceuticals and chemical products are imported to the country.
Meanwhile, 10.48 million U.S. dollars' worth foreign investment projects was permitted by the Myanmar Investment Commission during the period, according to the report of the official Global New Light of Myanmar.
Bilateral trade between Myanmar and Vietnam totaled over 714.8 million U.S. dollars in FY 2017-2018, the ministry figures said.
Myanmar Permits Over 100 Foreign Investments in 5 Months
AUTHOR: XINHUA Myanmar Investment Committee (MIC) permitted 109 foreign investments as of February in present fiscal year 2018-2019 which started in October last year, according to the Directorate of Investment and Company Administration.
Myanmar, Thailand Border Trade Hit 1.4 Bln USD in 1st Half of FY 2018-19
AUTHOR: XINHUA Border trade between Myanmar and Thailand totaled about 1.4 billion U.S. dollars in the first half of fiscal year (FY) 2018-2019 which started in October last year, according to the figures from Myanmar's Ministry of Commerce Saturday.
Myanmar Meets with China to Raise Rice Import Quota
AUTHOR: SWE LEI MON Myanmar will sign an MoU with China for rice trade, the request to increase the rice import quota to China by as much as 400,000 tons of rice per year, according to the statement of Myanmar Rice Federation. The delegation led by Union Minister for Planning and Finance, U Soe Win, and officials from Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) and Myanmar Rice Federation (MRF) attended the 2nd China Myanmar Economic Corridor Forum held in Yunnan, China from February 18 to 23.
Myanmar Estimates K7.2 Trillion Budget Deficit
AUTHOR: SWE LEI MON Myanmar is suffering from severe budget deficits every single year, and estimates indicate that the budget deficit in Fiscal Year 2019 will be around K7.2 trillion according to the Ministry of Planning and Finance. During the six-month transitional fiscal year from April 2018 to October 2018, Myanmar recorded a budget deficit of K4.2 trillion, said U Maung Maung Win, the Deputy Minister of the Ministry of Planning and Finance, at the Union Parliament.