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Myanmar to hold regional investment forum in Yangon


YANGON, May 6 (Xinhua) — Myanmar will hold a regional investment forum in Yangon, the commercial capital of Myanmar, later this week, in order to increase investment and attract more investors in the region, according to the Yangon region government on Monday.

The two-day Yangon Investment Forum-2019, scheduled to be held on Friday and Saturday, will unveil the projects in the region under the Myanmar Sustainable Development Plan.

The forum will include speeches from senior government officials, presentations by government authorities on the investment legal framework and panel discussions focused on Myanmar’s industry, finance, logistics, industrial zones, agribusiness, garments, textiles and manufacturing.

Participants are arranged to make field visits to Yangon’s Thilawa Special Economic Zone and Hlaingtharya Industrial Zone.

According to data, in the first seven months of fiscal year 2018-19 which began in October, 2.54 billion U.S. dollars of foreign direct investment flowed into Myanmar.

Currently the Yangon region accounts for 23 percent of the country’s gross domestic product.

Source: Xinhuanet

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