Myanmar sets investment priorities for all states, regions in the country

Sub-title: 

The Ministry of Investment and Foreign Economic Relations this month announced tax exemptions for investments in selected sectors in all 14 states and regions in Myanmar and the Nay Pyi Taw Union Territory.

Description: 

"The key investment sectors in Myanmar’s states and regions are mainly agriculture, manufacturing and infrastructure. Now, the government is expanding the areas of investment for businesses to five priority sectors and streamlining the process in the states and regions. The top five priority investment sectors in Chin State are hotels and tourism, power, agriculture and its related services, livestock production and breeding, and urban development and industrial zone. Any investment in these sectors qualifies for seven years of tax exemption. “Some projects which generate above 30 MW of electricity are progressing with negotiations ongoing between the Ministry of Electricity and Energy and investors,’’ U Soe Htet, the Minister for Chin State Development Affairs, Electricity and Industry, told The Myanmar Times. Chin State has only two investment projects and ranks lowest where investment in this country is concerned. The top five priority investment sectors in Kayah State are hotels and tourism, agriculture and its related services, manufacturing, power, and mining..."

Creator/author: 

Thiha Ko Ko

Source/publisher: 

"Myanmar Times" (Myanmar)

Date of Publication: 

2020-01-28

Date of entry: 

2020-02-01

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar

Geographic coverage: 

Global

Language: 

English

Resource Type: 

text

Text quality: 

    • Good