Investment Facilitation and Opportunities: Facilitation and opportunities using Yuan discussed

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  • Investment Facilitation and Opportunities: Facilitation and opportunities using Yuan discussed
  • Investment Facilitation and Opportunities: Facilitation and opportunities using Yuan discussed
  • Investment Facilitation and Opportunities: Facilitation and opportunities using Yuan discussed
  • Investment Facilitation and Opportunities: Facilitation and opportunities using Yuan discussed
  • Investment Facilitation and Opportunities: Facilitation and opportunities using Yuan discussed

The “Discussion on Investment Facilitation and Investment Opportunities Using Yuan Currency” was held on May 25, at the Yangon Region Directorate Office of the Directorate of Investment and Company Administration (DICA) in Yangon.

During the discussion, Union Minister for National Planning, Investment and Foreign Economic Relations U Aung Kyaw Hoe delivered opening remarks, stating that Myanmar is inviting investment businesses in line with the country’s Investment Promotion Strategy.

He said there are many opportunities for businesspeople to invest in Myanmar, particularly as Myanmar is a member of the Regional Comprehensive Economic Partnership (RCEP) and is cooperating in the implementation of the China-Myanmar Economic Corridor (CMEC).

He added that allowing investments to be made using the Chinese yuan currency would help facilitate and accelerate trade and investment processes. He also emphasized that efforts are being made to create a favorable and convenient investment environment for investors. Afterwards, relevant officials explained investment opportunities, the investment situation in Yangon Region, and the policies and procedures related to investments using yuan currency.

During the discussion session, businesspeople raised questions and inquiries, which were answered by officials from the Directorate of Investment and Company Administration, the Department of Trade, and the Central Bank of Myanmar.

The Union Minister also provided additional remarks and clarifications where necessary.

Following the meeting, the Union Minister inspected the operations of the One Stop Service (OSS) team, which provides integrated services at a single location within the Yangon Region Directorate Office of the Directorate of Investment and Company Administration. He also met cordially with staff from the DICA headquarters and gave guidance regarding work requirements and operational needs, it’s reported.

MDN

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