The leaders of seven foreign business groups in Yangon have signed an open letter calling on investors abroad to put their money in Myanmar, stressing the critical role foreign direct investment (FDI) plays in the country’s transition.
“Having been in isolation for so long, Myanmar now requires the broad regeneration of its economy to meet the demands of modern-day trade. As a result, there exists a significant range of private sector investment opportunities across every sector of the economy,” the letter said, citing the opportunities presented in the Myanmar Sustainable Development Plan (MSDP) which was announced by Nay Pyi Taw last year.
It was co-signed by the British, Australian, American, European, Italian, German and French chambers of commerce in Myanmar. These groups together have more than 600 companies from over 30 countries.
“Existing investments by our members contribute significantly to transformative social and economic development from within Myanmar,” it went on.
