Recent researches have shown that in the first 5 months of 2011, Vietnam exported goods worth US$30 million and became the 13th biggest export to Myanmar. Came second in the run after steel export, textile, garment material exports from garment factories in Vietnam brought in US$5 million revenue for Vietnam clothes manufacturers.
It is said that Myanmar is a potential and favourable market for Vietnamese garment exporters since domestic production in Myanmar is still humble. More over, Myanmar Government prefers developing the trade cooperation with neighboring countries on the way to enhance the country's import and export activities.
This is a great business opportunity for Vietnam garment factories to catch and increase their global market share at the time when major markets for Vietnam garment exporters are being shrunk as a result of economic recession.
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