Tập đoàn ASV Holdings

In the framework of the visit, Prime Minister Nguyen Tan Dung and his delegation had a lot of practical activities to promote bilateral cooperated relations between two countries Vietnam - Myanmar. On this occasion, the ministries, sectors and businesses also signed several cooperation agreements and business contracts with their counterparts in order to enhance the trade co-ordination between the two countries for mutual economic development.

In the joint statement on cooperation between the Socialist Republic of Vietnam and the Union of Myanmar, Prime Ministers of the two countries have agreed many new bilateral business orientations for investors and businesses. In which, both sides agreed to boost cooperation in agriculture, aquaculture, as well as scientific and technological cooperation in fishery field and create favorable conditions for the establishment of joint ventures in fishery between the two countries. ASV Holdings is highly appreciated to take an important role in this field investment.

On top and above, ASV Holdings signed two Minute Of Understanding (MOU) with the Myanmar Fishery Association in the witness of the two countries’ Prime Ministers and was assigned nine islands, 2,000 hectares sea water surface for fishery feeding and Tuna fishing right in Myanmar. In addition, the Company agreed to coordinate with Pale Nadi Company, a Myanmar counterpart to conduct exploitation and investment in aquaculture and tourism services on three islands and 5,000 hectares lake surface in Myanmar. Moreover, the Myanmar Government also takes into consideration the oil exploration and exploitation of the ASV Holdings in Myanmar. ASV Holdings was assigned five lots of oil and gas exploration M15, M16, M17, M18 and A5 in the southern sea location of Myanmar.

The two Governments also entered an agreement to set up a Joint Trade Committee to boost the trading between the two countries, yearly organize international trade fair to showcase respective country products and invite business investment. Such business promotion was further created by Vietnam Business Entrepreneurs forming an association named the Association of Vietnam Investors to Myanmar (AVIM) whereby Mr. Le Toan - Chairman of ASV Holdings is honored to be one of the prestige members with active contribution.

Dated April 3rd. 2010 at the Myanmar FCC Exhibition Center that exhibited both countries products, ASV Pharma (a member of ASV Holdings) with its pharmaceutical booth has attracted prime attention from Myanmar Business Counterparts and Visitors. The achievement was further acknowledge by having Vietnam Prime Minister Mr. Nguyen Tan Dung visiting the booth and giving a word of encouragement to ASV Holdings and its leadership.

During the same event, ASV Holdings was noted to be one of pioneer enterprise having conducted investment and business activities in Myanmar in the fields of Energy, Fisheries, Electronics, Telecommunications, Pharmaceuticals and Agriculture. These are practical activities of ASV Holdings to actualize the comprehensive cooperation commitments between the two governments of Vietnam and Myanmar. Such commitment by ASV Holdings was established base on earlier conducted Myanmar Market Study and Research in Myanmar since year 2009. Such commitment was further develop through ASV Holdings and its Myanmar counterparts conducted several visits, performing information exchanges, business opportunities and as well as cooperation potential. The most recent visit to Vietnam by Myanmar Department of Fisheries was on May 12th. 2009 at the invitation of ASV Holdings to Vietnam has further affirms ASV Holdings commitment and potential future business development in Myanmar.

MINH DAN