December 13, 2017

Myanmar and Viet Nam Real Estate Service Association to sign MoU

Delegation of Myanmar Real Estate Service Development Association and Viet Nam Real Estate Service Association seen at Yangon International Airport before departure for Viet Nam.  Photo: Soe Win (MLA)

Myanmar Real Estate Service Development Association and the Viet Nam Real Estate Service Association are negotiating a Memorandum of Understanding (MoU) to enhance the real estate sectors of both nations.
A delegation led by U Tin Maung and U Aung Tun, chairman and vice chairman of the Myanmar Real Estate Services Development Association, respectively, left for Hanoi, Viet Nam on 15 July with a 25 member-delegation for discussions. The group is scheduled to return to Yangon on 19 July.
The Myanmar’s last such trip took place on 24 April with assistance from Myanmar’s ambassador to Viet Nam and embassy staff.
In the furtherance of a potential deal, suggestions of Viet Nam Real Estate Association regarding a draft real estate service law will be submitted to Pyithu Hluttaw through the Legal Affairs and Special Cases Assessment Committee.
“Formulating real estate services policy also needs opinions from those offering real estate services as well as public opinion”, said U Tin Maung.
“Signing MoU will help build trust with our association, plus more investments in Myanmar”, U Aung Tun said. “It will also help us understand the procedures, law and by-law practiced in Viet Nam’s real estate industry. We expect this will bring benefits to the public. If the modern building and apartment projects increase, land price in this environment will increase”. – Soe Win (MLA)

Comments

Related posts

Translate »