Vietnamese businessmen are to cooperate in boosting bilateral trade and investment in Myanmar, according to the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) on Monday. The bilateral trade between the two countries is increasing dramatically making business conferences, meetings and exchanging information in the past few years, the sources said. The Vietnam businessmen are to join with Myanmar under the program of Seeking Blue Ocean, it added. A 20-member Vietnamese businessmen delegation from Ho Chi Minh city, Vietnam paid a visit to Myanmar for discussions on the bilateral cooperation in construction, hotel and tourism, real estate investment, textile, export and import as well as marine products sectors last week. According to the earlier report, with momentum of making progress in bilateral economic cooperation, Vietnamese entrepreneurs launched the 4-day trade fair 2010 at the Myanmar Convention Center with a total of 200 Vietnamese and 10 Myanmar enterprises in the former capital of Yangon in April this year. According to official statistics, Vietnam's investment in Myanmar hit 23.4 million U.S. dollars as of February this year since the country opened to such investment in late 1988. The amount of Myanmar-Vietnam trading hit 82 million U.S. dollars in the fiscal year of 2009-10. Myanmar mainly exported its forestry products to Vietnam, followed by agricultural produces, seafood and electrical spare parts, while it imported from Vietnam steel, electronic goods, pharmaceuticals, medicines, industrial products, chemical products, computer and accessories, plastic, cosmetics and engine oil. 