Myanmar Top Investment Destination For 2015

April 14, 2015

Myanmar has ranked as ASEAN’s most popular country for investment in 2015 because of a high growth forecast at 8.5%, along with a quarter of its population expected to live in large cities such as Yangon and Mandalay by 2030. The results came from the Asian Enterprise Survey 2014 by United Overseas Bank (UOB).

While there are still concerns about the sincerity of reform promises made by Myanmar’s government and a possible slide back into military rule, an increasing amount of foreign direct investment (FDI) in Myanmar and a large amount of M&A activity continue to spur growth. The news of investors flocking to the country has intensified even more by the expansion the three largest banks in Japan into the country – namely, Mizuho Bank, Bank of Tokyo-Mitsubishi UFJ (BTMU), and Sumitomo Mitsui Banking Corp.

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