Companies vie to cash in on Burma’s tourist boom

Burma wants to boost its food and hospitality standards to serve growing demand from international tourists, who are expected to number five million this year. Hotels and Tourism Minister Htay Aung called tourism one of Burma’s fastest-growing industries, with the growth rate tripling since the country opened its doors to foreign investors in 2011. Burmese […]

Vietnam investors eye top-five spot, $1.5bn investment in Myanmar by 2015

Vietnamese businesses have set a goal of becoming one of the five largest foreign investors in Myanmar by next year, chairman of the Association of Vietnamese Investors in Myanmar (AVIM) said Sunday in Hanoi. Vietnamese investors in Myanmar have sought to increase their investment in the country to US$1.5 billion to achieve the target, AVIM […]