Mekong nations and South Korea eye up Myanmar’s investment potential

Yangon, July 1 – Mekong region countries, together with South Korea, have expressed an interest towards investment in Myanmar’s manufacturing sector, the Myanmar Investment Commission (MIC) has made it known.

The fourth Mekong-ROK Business Forum recently took place at Yangon’s Novotel Hotel during which talks and negotiations were held between business entrepreneurs for the possibility of investment between Mekong region countries.

“The primary [agenda of the talks] was the presentation, to South Korea and Mekong region countries, of the economic opportunities available to them within Myanmar. Once that was complete, business entrepreneurs converged for discussion on which sectors within the country they desired to invest in.” said U Aung Naing Oo, director general of the MIC.

Business entrepreneurs from Laos, Thailand, Vietnam and Cambodia reportedly showed an interest in investing within Myanmar’s industrial and hotel and tourism sectors.

“Dialogue was held over potential trade between Myanmar and Korea. We will take forward the discussion points made by Mekong region nations. The principal objective is to work for transparency within Myanmar’s trade and investment, in a bid to improve it.” said U Aung Soe, director general of the Myanmar Trade Promotion Team, which falls under the Ministry of Commerce.

Business entrepreneurs from Mekong region nations reportedly paid a visit to the Thilawa Special Economic Zone, which lies on the southern outskirts of Myanmar’s commercial capital, on 1 July. To date, Myanmar has seen a total investment of US$3 million since the coming to office of the new Nation League for Democracy government.

 

Source: Myitmakha Media News Agency

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