Myanmar permits new foreign businesses

MY factoryThe Myanmar Investment Commission (MIC) has granted permission to various new foreign-funded enterprises, according to official reports.

During a meeting on October 24, the MIC granted permission to foreign enterprises from China, Singapore, Hong Kong, British Virgin Islands and Australia to run businesses in various sectors.

The enterprises will be involved in garment, animal breeding and foodstuff manufacturing as well as foot wear and have been approved according to the Foreign Investment Law. The garment enterprise will be carried out as a joint venture between Australia and Myanmar entrepreneurs in Hlaingthayar Township, Yangon.

A company from Hong Kong has also been granted permission to run a garment factory in the Shwe Than Lwin industrial zone in Hlaingthayar Township. The Chinese Yi Mei foot wear factory will be operational soon and a firm from the British Virgin Islands will open a tailoring business for women’s clothes.

A Singaporean firm will operate animal breeding and animal foodstuff industry in joint venture with a local company in Hmawbe Township in Yangon Region.



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The Myanmar Investment Commission (MIC) has granted permission to various new foreign-funded enterprises, according to official reports. During a meeting on October 24, the MIC granted permission to foreign enterprises from China, Singapore, Hong Kong, British Virgin Islands and Australia to run businesses in various sectors. The enterprises will be involved in garment, animal breeding and foodstuff manufacturing as well as foot wear and have been approved according to the Foreign Investment Law. The garment enterprise will be carried out as a joint venture between Australia and Myanmar entrepreneurs in Hlaingthayar Township, Yangon. A company from Hong Kong has also...

MY factoryThe Myanmar Investment Commission (MIC) has granted permission to various new foreign-funded enterprises, according to official reports.

During a meeting on October 24, the MIC granted permission to foreign enterprises from China, Singapore, Hong Kong, British Virgin Islands and Australia to run businesses in various sectors.

The enterprises will be involved in garment, animal breeding and foodstuff manufacturing as well as foot wear and have been approved according to the Foreign Investment Law. The garment enterprise will be carried out as a joint venture between Australia and Myanmar entrepreneurs in Hlaingthayar Township, Yangon.

A company from Hong Kong has also been granted permission to run a garment factory in the Shwe Than Lwin industrial zone in Hlaingthayar Township. The Chinese Yi Mei foot wear factory will be operational soon and a firm from the British Virgin Islands will open a tailoring business for women’s clothes.

A Singaporean firm will operate animal breeding and animal foodstuff industry in joint venture with a local company in Hmawbe Township in Yangon Region.



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

 

 

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