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Myanmar announces restriction of some investment activities

The Investment Commission of Myanmar has announced restriction of some investment activities, with several sectors being only invested by the State.
Myanmar announces restriction of some investment activities ảnh 1A container port of Myanmar. (Photo: AFP/VNA)
Hanoi (VNA) - TheInvestment Commission of Myanmar has announced restriction of some investmentactivities, with several sectors being only invested by the State.

According to Myanmar’s Global New Light newspaper onApril 14, sectors with state investment include security and defence, arms andammunition for national defence, national stamps, post, aviation, afforestationand natural forest management (except businesses relating to reduction ofcarbon emission), radioactive metals such as uranium and electricity.

Meanwhile, 12 sectors are open for foreign investment,including fresh water fisheries and relevant services, publishing anddistribution of periodicals in ethnic languages.

As many as 135 foreign investors poured over 6.8billion USD into Myanmar in the last fiscal year which ended in March, bringingthe total foreign investment in the Southeast Asian nation since late 1988 to70.35 billion USD.

Myanmar targets over 6 billion USD in foreigninvestment during the 2017 fiscal year as its new investment law, endorsed bythe parliament in October 2016, began to take effect in April.-VNA

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