August 14, 2017

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Vice President U Myint Swe attends the 5th regular meeting with Myanmar entrepreneurs

Vice President U Myint Swe addresses the 5th regular meeting with entrepreneurs in Yangon.

Vice President U Myint Swe attended the 5th regular meeting with Myanmar entrepreneurs at the meeting hall of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) in Lanmadaw Township, Yangon yesterday.
The meeting was held in order to fulfil the needs encountered in respective sectors for entrepreneurs to achieve success promptly and smoothly in operating their businesses.
Vice President U Myint Swe said a total of 65 decisions were made in the first four meetings. Out of the 65 decisions, respective ministries, Chief Ministers of Regions and States and working committees coordinated and resolved 54 decisions and submitted reports to UMFCCI. Works are coordinated in order to resolve the remaining 11 decisions promptly.
The private sector plays an important part in the development of the national economy. In order to set up and implement the policy required for private sector development that is appropriate to the time and for the government to help resolve the difficulties encountered by the private sector, a workshop to setup the framework and process for private sector development was held in Nay Pyi Taw on April 5. At the workshop, partner associations for private sector development were explained about the government’s work and areas in which the private sector and donors can participate were coordinated and determined.
On the matter of investment, increases in local and foreign investment were to raise the income and job opportunities of the people. It is also for the purpose of supporting market expansion and technology transfer.
The Pyidaungsu Hluttaw enacted the Myanmar Investment Law on 18 October 2016. In order to quickly utilise the law, Myanmar Investment Rules was drawn up and enacted on 30 March 2017.
International experts had suggested in workshops that for our country’s development, the travel sector is the best sector that can rapidly develop the country’s economy as well as provide job opportunities and raise the income of the people in the shortest period of time. This would require the respective ministry and business owners to cooperate.
Furthermore, Myanmar is based on agriculture and there is a need to link up small and medium-sized enterprises (SMEs) in agriculture. Presently, 1.7 million tonnes of rice are exported, but much needs to be done to improve quality to increase the share in the world market.
In regular monthly meetings with private business owners, the problems faced by the selected, grouped private business owners were heard and resolved. Those problems are effectively handled in coordination with respective ministries and the Chief Ministers of Regions and States.
In order to increase the flow of merchandise in the Yangon Region, processes on reducing the congestion of container vehicles in the ports were coordinated, while bridge tolls in Yangon were removed. Business owners on their side should regularly meet and coordinate with the public sector development committee and work committees in order to resolve the issues they are facing. In this meeting too, business owners need to effectively submit their problems.Afterward, Union Minister for Planning and Finance U Kyaw Win, Union Minister for Agriculture, Livestock and Irrigation Dr. Aung Thu, Union Minister for Natural Resources and Environmental Conservation U Ohn Win and Yangon Region Chief Minister U Phyo Min Thein explained about the progress of ongoing works.The President of the UMFCCI U Zaw Win Min gave a welcoming speech.
Afterward, officials concerned discussed the issues they faced and the support required from the government in the customs tariff sector, illegal import sector and garment sector, to which Vice President U Myint Swe attended to the needs.
Present at the 5th regular meeting with entrepreneurs were U Win Maw Tun, Deputy Minister for Education, U Maung Maung Win, Deputy Minister for Planning and Finance, Yangon Region Cabinet Ministers, departmental heads, President of the UMFCCI and responsible personnel and entrepreneurs.

 

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