Myanmar and China held a forum at the Park Royal Hotel in Yangon yesterday morning aimed at promoting trade and investment between the two countries.
During the forum, business representatives discussed opportunities for investment in foodstuffs, agriculture, mining, hydropower projects, real estate and ports.
China is Myanmar’s largest foreign investor, according to the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). Myanmar has entered 18 memoranda of understanding with Chinese business organisations.
The Industrial and Commercial Bank of China and the Oversea-Chinese Banking Corporation (OCBC) recently opened offices in Myanmar in an effort to encourage Chinese investors.
Chinese investors expressed hope that the Myanmar government’s commitment to political, economic and administrative reforms would further encourage investment.