Key facts
- Vietnam and Myanmar aim to increase annual bilateral trade to $1 billion.
- This represents a nearly 70% increase in trade volume.
- The agreement was made during a visit by Vietnam's Foreign Minister.
- This is the first visit by a Vietnamese foreign minister since Myanmar's 2021 military coup.
Myanmar and Vietnam have agreed to boost their annual bilateral trade by nearly 70% to $1 billion, the Vietnamese government announced on Thursday. This agreement was reached during the first visit by a Vietnamese foreign minister to Myanmar since the country's military takeover in 2021. The visit signifies widening cooperation between the two Southeast Asian nations.