Burma and Vietnam have signed a memorandum of understanding on strategic cooperation in the petroleum sector, state-run media reports said Wednesday. The MOU on “strategic cooperation in oil and gas” was signed Tuesday between Burma Energy Planning Department director-general Soe Myint and PetroVietnam chief executive officer Tran Ngoc Canh, said The New Light of Burma.
The MoU was witnessed by Vietnamese prime minister Nguyen Tan Dung who was in Burma’s new capital of Naypyitaw Tuesday to discuss bilateral relations with Burma’s military regime.
While in Naypyitaw, 350 kilometres north of the old capital of Yangon, Dung met with Burma Acting prime minister Lieutenant general Thein Sein to discuss “matters on mutual cooperation and further cementing of friendly ties between the two countries,” said Burma’s state-run media.
Both Vietnam and Burma are members states of the Association of South-East Asian Nations (Asean). Dung is on a tour of the South-east Asian region that has already taken him to the Philippines, Indonesia and Singapore and will end in Brunei.