Vice President U Nyan Tun on inspection tour of Thilawa special economic zone (A)

Vice President U Nyan Tun talks to officials of a construction project on his tour of Thilawa special economic zone.
Vice President U Nyan Tun talks to officials of a construction project on his tour of Thilawa special economic zone.

In the afternoon on Saturday, Vice President U Nyan Tun went on an inspection tour of the Thilawa special economic zone (A) in northern Yangon.
The vice president visited the Koyorad Myanmar factory project and the Golden Tokyu construction project, both of which are being undertaken with Japanese investments.
Officials briefed the vice president on employment opportunities, prospects of foreign investments and arrangements for power supplies.
The zone has employed 1,936 people, of whom 1,900 are Myanmar citizens.
The vice president urged officials to create the zone as a pleasant environment for investments, stressing the need to make the area a model economic zone by building mutual trust with the people.
The zone (A), located on an area of 396 hectares, is 78% complete and its completion is expected in June this year.
So far, 39 companies from 11 countries including Japan, Thailand, China, Malaysia, Singapore, Sweden, the US and Australia, have shown their interest in running business in the zone. Of them, 21 have been awarded licences for investments, with seven others already starting their construction projects.
According to reports, arrangements are under way to put five factories into operation in September. The entire facility, which is expected to complete in 2016-2017,  will create some 40,000 jobs.
In the morning of the same day, Vice President U Nyan Tun met heads of sports federations and urged them to set their ambitions high on bagging medals home in as many events as possible.
The vice president stressed strong team spirit, mutual respect and cooperation are all critical to turning challenges into victories so as to bring a great credit to the country, pledging the government’s prompt assistance to their requirements.
According to Union Minister for Sports U Tint Hsan, the Myanmar sports team with 418 members will compete in 22 events in the 28th Southeast Asian Games to be held in Singapore from 5 to 16 June this year.

Share this post
Hot News
Hot News