The local and foreign investment mostly flow into industry, manufacturing, industrial zones and food production sectors in Bago Region. Currently, 135 foreign investments totalling US $2.3 billion and 40 investments made by Myanmar citizens totalling K977 billion were permitted in these sectors.
Eighty per cent of local and foreign investments were made near the vicinity of Bago Township. Currently, about 55,000 factory workers return to their work at Nyaung Inn Industrial Zone as there is peace and tranquillity in Bago Region.
At about 50 miles from Yangon, Bago Township, the commercial city of Myanmar, is a major transport hub. It is also located on the East/West Economic Corridor. It is the country’s second-largest rice-producing area. It has the potential to receive more investment in the agriculture and livestock breeding sectors as there are plenty of fishing ponds and fields. Therefore, it can create job opportunities for the citizens. — Tin Soe (Bago)/GNLM
Local, foreign investment operating as usual in Bago
- April 22, 2021
- 1239
