Investors drawn by Myanmar agriculture

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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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. 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...

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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1 COMMENT

  1. Myanmar has been experiencing an inflow of interest and investment from ASEAN countries as well as other countries outside of the region. Even though Myanmar has had more attention in other sectors apart from agricultural, the agricultural sector is a great opportunity for investors, especially as Myanmar continues to grow and attract outsiders.

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