Myanmar inks investment protection agreements with 10 countries
Myanmar has signed agreements on the promotion and protection of investment with 10 countries aimed at enhancing trust among investors and promoting business operation.
A container ship docking at Botahtaung Jetty in Yangon. (Source: Global New Light of Myanmar)
Hanoi (VNA) - Myanmar has signed agreements on the promotion andprotection of investment with 10 countries aimed at enhancing trust among investorsand promoting business operation.
The 10 countries are the Philippines, Vietnam, China, Japan, Laos, Thailand,India, Kuwait, Israel and the Republic of Korea, Xinhua quoted the officialGlobal New Light of Myanmar on November 9.
Moreover, the authorities are making negotiations with more countries andregions for signing the similar bilateral agreements such as China's Hong Kong,Bangladesh, Mongolia, Russia and Serbia.
According to the figures from the Directorate of Investment and CompanyAdministration (DICA), Myanmar has attracted a total of 5.718 billion USDforeign direct investment in the last FY 2017-2018.
Official statistics revealed that foreign investment in Myanmar hit 77.222billion USD from the end of 1988 to the end of August 2018, with China leadingwith 20.097 billion USD, Singapore with 19.644 billion USD, and Thailand with11.092 billion USD.-VNA
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A container ship docking at Botahtaung Jetty in Yangon. (Source: Global New Light of Myanmar) 
