11-12 Oct, 2012 - Yangon, MYANMAR
PARKROYAL Yangon
PARKROYAL Yangon
Myanmar Investment Commission chairman U Soe Thein said Myanmar wants to attract investment from a wide range of different nations instead of relying on one major source. He also said that Myanmar wanted to attract investment in industries such as agriculture and manufacturing which created jobs. He stated, “We would like to give top priority to the small- and medium-enterprise sector because it creates jobs. We would also like to bring investment in our agriculture industry because we have a lot of land and believe there is a lot of potential to develop agro-based industry.”
With China and Thailand as leading investors, Myanmar Investment Commission statistics show that the total foreign direct investment (FDI) was about US$40 billion until December. Resource-based projects like mining, power and oil and gas made up most expenditures.
Vietnam, on the other hand has many of its businesses rapidly drawing up their investment plans to capture the untapped market. A US$100 million agricultural investment was announced by the chairman of the Vietnamese investors association in Myanmar, at a joint business forum in Hanoi on March 21.
Tran Bac Ha, head of the Board of Directors of the Bank for Investment and Development of Vietnam (BIDV), called Myanmar the last golden destination in SouthEast Asia, and encouraged Vietnamese investors to pay more attention to its market. He also stated that An Giang Plant Protection, a Vietnamese agricultural group, and VinaCapital, a fund manager, recently signed an agreement with Eden Group, a Myanmar rice conglomerate. The agreement was to build a US$100 million farm produce processing factory.
Key issues of agriculture investment prospect & land utilization policies in Myanmar, Cambodia, Laos, Indonesia, Pakistan and Australia, Legal, Tax issues and financing options for commercial farm investment, developing agriculture value chain and much more will take centre stage at the 2nd Commercial Farm Asia conference to be held in Yangon on 11-12 October 2012 .
As of now, the full conference details are taking shape and will be available soon. Meanwhile, one may Pre-Register here to reserve seats. For any further queries, email grace@cmtsp.com.sg
Complete article available here & here.
