Investment and Economic Issues: Union Minister Stresses Promotion and Cooperation

The Second Coordination Meeting of the Ministry of Investment and Foreign Economic Relations was held at the Office of the Ministry of Investment and Foreign Economic Relations on Friday.

In his opening remarks, Union Minister U Aung Naing Oo underscored the crucial roles of investment promotion, facilitation and after care services to recover the Myanmar’s economy affected by the COVID-19 pandemic and consequences of political instability. He evaluated the previous activities of ministry and highlighted the achievement and challenges when implementing the ministry’s mission in terms of investment promotion and facilitation and regional economic cooperation.

He urged the officials of ministry to make extensive efforts to achieve the ministry’s target and goals when implementing the investment promotion plan, Myanmar Economic Recovery Plan and regional and sub-regional integration plans, and to protect the investment in accordance with Myanmar Investment law, rules and regulations.

The Union Minister also underlined to exercise the standard Operating Procedures efficiently, and application of the more digital platforms. He stressed to encourage the citizen businesses by facilitating and providing necessary assistances. Also, Deputy Minister U Than Aung Kyaw explained the detailed programs and coordination matters to be implemented and collaborated by the Ministry.

Permanent Secretary Dr. Wah Wah Maung and other officials also presented the investment promotion, facilitation and future plans for economic development of the states and regions, departmental administrative functions, economic cooperation with ASEAN and dialogue partners, cooperation with the United Nations and international organizations, and the status of coordination between the concerned government agencies and development partners regarding the development assistance projects. After the meeting, the Union Minister and Deputy Minister presented the best employee awards and the best performance awards for divisions.