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March 22, 2019

Now is the perfect time to invest in Myanmar

  • Myanmar relies on foreign capital and trade for its socio-economic development. Therefore, foreign direct investment (FDI) becomes the main driver in promoting the inflow of much-needed foreign capital into the country.
    The Union Government enacted the Foreign Direct Investment Law to attract foreign investors, and the country is ready to help them solve their problems and difficulties in investment.
    Investments flowing into the least developed regions will help create job opportunities, raise living standards, and reduce poverty and socio-economic disparity, besides ensuring sustainable development.
    The newly formed Myanmar Investment Commission (MIC) pledged yesterday that it will be “transparent”, take a “proactive approach” and promote “responsible investment”.
    With the launching of a number of significant steps, the MIC pledged that it will be more efficient and investor-friendly.
    We understand that we are responsible for creating favorable situations for foreign investors who are greatly interested in doing business in Myanmar to enter the country energetically.
    They are necessary to create the best investment systems which will suit Myanmar.
    We do not want to be a resource-exporting country. The only resource that we want to truly develop is human resources. Myanmar always welcomes responsible foreign investment. Development of green and responsible investment plays a significant role in creating income and job opportunities for Myanmar.
    Myanmar has made great achievements in company law and investment law and rules and regulations. The private sector is also being given priority for getting the sector getting more involved in drafting and assisting with bringing other Myanmar laws up to world-class standards. As the private sector is the key driving force for the economic development of a country, resources from the private sector should be effectively utilized.
    The key to success of a business is trust, which can only be earned through doing things the right way. We would like to let the world know we’re doing business in the right manner.
    There are many investment opportunities in the special economic zones especially in Dawei, Thilawa and Kyaukpyu as well as in industrial zones in various regions across Myanmar and other large-scale projects.
    We would like to urge foreign investors to take
    advantage of the changes. Now is the perfect time to invest in Myanmar.

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