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“Is aiming to increase the inbound foreign direct investment by ten percent a this year year to around three billion us dollars. It is targeting agriculture and tourism to lead drive anime marks. A presidential economic advisers. Ah whew made the projection to chera news.
May want about 75 of myanmar s workforce is in agriculture. A key industry. The government has prioritized for development it s hoping the other pillar of future growth small and medium sized enterprises will also receive its share of foreign investment we are resource rich countries so we will definitely receive a lot of our investment that are you know interested to tap into our natural resources. But we will be very careful about managing these inflows into the resource sectors.
What we wanted to promote more is to investment flows into the sme sectors so that can generate the labor intensive manufacturing developments that will be the long term sustainable factor for our economy to grow myanmar..
Is a long way to go to meet international standards. But new business friendly laws already in train and financial reform is underway it s a matter of getting the policy right and encouraging the kind of a right kind of financial framework and so the resources are already here so it s a. I think we should be able to mobilize both the domestic and international resources to help sme sector. Observers are optimistic that myanmar is on the right track.
If it stays the course or perform..
I think myanmar has come too far to be derailed the fact that it s going to be hosting the ozzy and sharon 2014 is not only a huge challenge. But it s also a huge opportunity for the country inflation is a key one unemployment rate is a key one and then with those i would like to see the government address tax collection more efficiently. They should set up these educational program. They were a program that will educate these sme business owner throughout their country.
They can utilize the current existing federal device college and university..
They can open the night school and then they were like they will do like if you come to that is nice cool if you got certificate you can get their financing from the government education is another key sector which the government should focus on developing this year. Besides attracting huge investment dollars from educational and training institutes to this largely untapped market here the government would also be able to help improve the educational standards of the people and upgrade the level of skills in the workforce. To help complement the growth and development of money making industries such as small and medium sized enterprises for the future of this country may wong channel newsasia yang gon ” ..
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Myanmar is aiming to increase inbound foreign direct investment by 10 percent this year to around 3 billion US dollars. It s targeting agriculture and tourism to lead the drive. Myanmar s Presidential Economic Advisor, Zaw Oo made the projection to Channel NewsAsia s May Wong.
Market, Trading, Stock, Myanmar, Channel NewsAsia (Social Network User), Yangon, May Wong, FDI, economy, advisor, agriculture, tourism, Tourism (Industry), F…