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April 06, 2020

Japanese Automaker Toyota plans to invest in Myanmar

Myanmar Investment Commission Chairman U Thaung Tun receives Ambassador of Japan to Myanmar Mr. Ichiro Maruyama, President of Toyota Motor Asia Pacific Pte Ltd Mr. Susumu Matsuda and team on 30th May, 2019 in Yangon. Photo: MNA

Union Minister for the Ministry of Investment and Foreign Economic Relations and Chairman of Myanmar Investment Commission U Thaung Tun received the president of Toyota Motor Asia Pacific Pte Ltd Mr. Susumu Matsuda together with the Ambassador of Japan to Myanmar H.E. Mr. Ichiro Maruyama and team on 30th May, 2019 in Yangon.
During the meeting they discussed matters relating to the automobile business in Myanmar. The Union Minister welcomed Toyota’s plans to set up a production facility in the Thilawa Special Economic Zone with investment amounting to 52.6 million USD.He stressed the need for sharing technology and human resources development. Production is expected to commerce in 2021.—MNA

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