Myanmar Investment Forum 2017 organized by Myanmar Industrial Development Authority (MIDA) was kicked off in Myanmar International Convention Centre II (MICC II) on June 6, 2017. The 2017 session of Myanmar Investment Forum is one of the highest standard forums in Myanmar, with more than 600 people attended the forum, including Myint Swe, Vice President of Myanmar, ministers of various ministries in Myanmar, senior officials and economic advisers, as well as diplomatic delegations, entrepreneurs and investors from more than 20 countries, such as China, U.S.A, U.K, Japan, Canada, India, Thailand, Singapore and etc. Gu Shaoming, Chairman of the Board of Bauing Group was invited to attend the forum and delivered a keynote speech on behalf of Chinese entrepreneurs.
The Forum Site
Myanmar Investment Forum 2017 themed “Myanmar: The Best Investment Destination”, aimed to bring together Myanmar government officials, local and international enterprise representatives to explore and discuss Myanmar’s potential investment opportunities, provide smooth investment environment for investors who want to make investments in Myanmar, promote the cooperation between Myanmar’s domestic enterprises and international enterprises, and develop global market.
Myint Swe, Vice President of Myanmar stroked a gong to announce the opening of the forum
After the opening ceremony, U Khin Maung Aye, Chairman of MIDA and KMA Group delivered welcoming address, and U Kyaw Win, Minister of the Ministry of Planning and Finance and Dr. Than Myint, Minister of the Ministry of Commerce talked about Myanmar’s economic and trade policies.
U Khin Maung Aye, Chairman of MIDA and KMA Group delivered welcoming address
U Kyaw Win, Minister of the Ministry of Planning and Finance talked about Myanmar’s economic and trade policies.
Dr. Than Myint, Minister of the Ministry of Commerce talked about Myanmar’s economic and trade policies
Myint Swe, Vice President of Myanmar remarked that foreign investment is the main driving force for Myanmar's development. Myanmar will vigorously develop infrastructure and integrate into the world economy. At present, with the assistance of international organizations, Myanmar has implemented a series of powerful policies, laws and regulations, including national economic policies, fiscal and monetary policies and trade policies. At the same time, Myanmar is gradually establishing laws and regulations related to the functions and responsibilities of the government and private enterprises to improve the cooperation efficiency between the public sector and the private sector. Strong economic policies and investment laws and regulations in line with international standards can create a favorable economic environment for investors.
Myint Swe, Vice President of Myanmar remarked that Myanmar Government would create a good investment environment for investors.
After the speech of Myint Swe, Vice President of Myanmar, Gu Shaoming, Chairman of the Board of Bauing Group, made a keynote speech on “The Investment Landscape for Foreign Investors in Myanmar” on behalf of Chinese investment enterprises in Myanmar. Bauing Group has developed the Myanmar market since 2016, established Myanmar Bauying Construction Group Co., Ltd., and undertook local power facilities construction project.
Gu Shaoming, Chairman of the Board of Bauing Group, made a keynote speech on “The Investment Landscape for Foreign Investors in Myanmar”
Gu Shaoming, Chairman of the Board of Bauing Group, made an insightful analysis on the current economic situation of Myanmar, he pointed out that in the five years period from 2011 to 2015, Myanmar's annual average GDP growth reached 7.4%, which is far higher than the world average growth rate of 2.7% and the Southeast Asian countries’ five-year average growth rate of 5.2%. Myanmar investment environment becomes more mature, with opportunities and challenges. International capitals in Myanmar’s investment cooperation show rapid growth trend, and investment fields have continued to widen, especially the large-scale projects, such as Sino-Myanmar Border Economic Cooperation Zone, Kyaukpyu Port and Industrial Zone, Yangon Port and Port Industrial Zone. Under the background to connect China and Myanmar railways, highways and power networks, Chinese enterprises have more confidence to invest in Myanmar.
Gu Shaoming, Chairman of the Board of Bauing Group, expressed his intention to achieve mutual development and prosperity with Burmese.
Gu Shaoming, Chairman of the Board of Bauing Group, said that at present, Bauing Group has carried out a series cooperation and investment projects with KMA Group and other enterprises in Myanmar in such fields as housing, building materials, industrial parks, hospitals, electricity, ports and infrastructure construction. In the future, Bauing Group will strictly abide by the laws of China and Myanmar, and share the successful experiences and models to develop the international market with Burmese, so as to create social wealth, provide employment opportunities, increase fiscal revenue, and improve people's living standards in Myanmar, as well as create a new landscape of win-win cooperation.
It is a two-day forum which consists of eight sessions, namely, Myanmar Economic and Trade Policy, Development in the Promotions of Private Sector, Myanmar Investment Landscape, Myanmar Investment Laws, Rules and Regulations, Opportunities for Foreign Investors in Special Economic Zones, Infrastructure Development Opportunities, Financial Sector Reform and Management and Taxation in Myanmar and Opportunities for Foreign Investors. Representatives from all walks of life in Myanmar and representatives from various countries gathered together to jointly provide advice and suggestions, sign cooperation agreements for investment in Myanmar, and promote the political, economic, cultural and social development in Myanmar under the new situation.
Gu Shaoming, Chairman of the Board of Bauing Group, accepted media interview from MITV.