Investors drawn by Myanmar agriculture

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myanmar_paddyForeign investors from Japan, South Korea and Vietnam are seeking agriculture investments in Myanmar after the country has issued its new foreign investment law, according to local media reports.

Among the companies are Japan’s Mitsui and Vina Capital from Vietnam, which each have signed a memorandum of understanding with the Myanmar Agribusiness Public Corporation (Mapco) for cooperation in agricultural development, Eleven News Myanmar reported.

Mitsui is expected to construct an integrated food and energy production plant in the Yangon region in a joint venture with Mapco. The Japanese also want to establish advanced rice purifying and grinding mills. Vina Capital seeks investments in various agricultural firms.

Another potential investor, South Korea’s Daewoo, has announced that it has not reached deal with Myanmar yet but hinted possible agreements within this year.

As per latest available figures of July 2012, foreign investment in Myanmar’s agricultural sector totaled $182.75 million in nine projects, accounting for only 0.44 per cent of the total investment since the country opened to such investment in late 1988.

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Reading Time: 1 minute

Foreign investors from Japan, South Korea and Vietnam are seeking agriculture investments in Myanmar after the country has issued its new foreign investment law, according to local media reports.

Reading Time: 1 minute

myanmar_paddyForeign investors from Japan, South Korea and Vietnam are seeking agriculture investments in Myanmar after the country has issued its new foreign investment law, according to local media reports.

Among the companies are Japan’s Mitsui and Vina Capital from Vietnam, which each have signed a memorandum of understanding with the Myanmar Agribusiness Public Corporation (Mapco) for cooperation in agricultural development, Eleven News Myanmar reported.

Mitsui is expected to construct an integrated food and energy production plant in the Yangon region in a joint venture with Mapco. The Japanese also want to establish advanced rice purifying and grinding mills. Vina Capital seeks investments in various agricultural firms.

Another potential investor, South Korea’s Daewoo, has announced that it has not reached deal with Myanmar yet but hinted possible agreements within this year.

As per latest available figures of July 2012, foreign investment in Myanmar’s agricultural sector totaled $182.75 million in nine projects, accounting for only 0.44 per cent of the total investment since the country opened to such investment in late 1988.

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