Myanmar garment sector sees more investment

APTOPIX Myanmar SanctionsSix foreign invested and three local invested firms were given the green light to invest at the  first meeting of newly reorganised Myanmar Investment Commission on May 31.

The meeting was held at Yangon Region branch with 43 items on the agenda, including investment proposals.

The companies receiving approval included mainly garment makers, but also surgical-equipment producers and a petroleum distributor. They were from Hong Kong, Thailand, Indonesia, Korea and China.

Local firms that received approval include a frozen fish exporter, veterinarian medicine producer, and a producer of construction equipment.

The MIC was reorganised on May 28. The new chairperson is Zayar Aung, Union Minister, Ministry of Energy. Htay Aung, Union Minister of Hotels and Tourism, became vice-chairperson, a newly created position.



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Six foreign invested and three local invested firms were given the green light to invest at the  first meeting of newly reorganised Myanmar Investment Commission on May 31. The meeting was held at Yangon Region branch with 43 items on the agenda, including investment proposals. The companies receiving approval included mainly garment makers, but also surgical-equipment producers and a petroleum distributor. They were from Hong Kong, Thailand, Indonesia, Korea and China. Local firms that received approval include a frozen fish exporter, veterinarian medicine producer, and a producer of construction equipment. The MIC was reorganised on May 28. The new chairperson...

APTOPIX Myanmar SanctionsSix foreign invested and three local invested firms were given the green light to invest at the  first meeting of newly reorganised Myanmar Investment Commission on May 31.

The meeting was held at Yangon Region branch with 43 items on the agenda, including investment proposals.

The companies receiving approval included mainly garment makers, but also surgical-equipment producers and a petroleum distributor. They were from Hong Kong, Thailand, Indonesia, Korea and China.

Local firms that received approval include a frozen fish exporter, veterinarian medicine producer, and a producer of construction equipment.

The MIC was reorganised on May 28. The new chairperson is Zayar Aung, Union Minister, Ministry of Energy. Htay Aung, Union Minister of Hotels and Tourism, became vice-chairperson, a newly created position.



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.

$
Personal Info

Donation Total: $10.00