World Chinese Entrepreneurs meet in Yangon

DSC 0127 copy
Participants pose for documentary photo at the 14th World Chinese Entrepreneurs Convention in Yangon.  Photo: MNA

The 14th World Chinese Entrepreneurs Convention (WCEC) kicked off in Yangon yesterday, with an opening address by Vice President U Myint Swe.
The convention attracted more than 2,000 overseas Chinese business leaders to discuss plans for business expansion.
Speaking at the opening ceremony, U Myint Swe invited investment from China at the Thilawa, Dawei and Kyaukpyu special economic zones, expressing delight at seeing the overseas Chinese entrepreneurs in Myanmar linking with business contacts from various countries around the world and contributing to the economic development of Myanmar.
“We hope that we can create investment opportunities for win-win situations between the overseas Chinese entrepreneurs and local business people,” said Vice President U Myint Swe.
“The long-lasting socio-economic life of China and Myanmar can be established through mutual understanding, respect and friendship built step by step, and I want to urge the attendees of this conference to work together with the Myanmar government to promote investment with accountability and responsibility,” said the Vice President.
He also said that Myanmar’s new investment law ensures a level playing field for overseas investors, saying that the government is also working hard to ensure reliability and transparency in the labour, tax, public management and administration sectors.
Noting that Myanmar is participating in the Belt and Road Initiative, U Myint Swe said the strategic location of Myanmar will contribute to the success of the initiative.
Vice President of the China Overseas Exchange Association Xu Yousheng read out a congratulatory message from Yu Zhengsheng, Chairman of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC).
Myanmar, located along the 21st Century Maritime Silk Road, is linked with China by mountains and rivers, and has forged the “paukphaw” or brotherly friendship, with China, Yu said in the message.
Under the theme of “Let us all join hands to ensure a bright future for Myanmar”, the four-day convention is hosted by the Myanmar Chinese Chamber of Commerce with Wu Jiyuan (U Myint Shwe) as general chair.
With strong support from the Myanmar government, the WCEC is aimed at pushing for regional economic development in line with the world’s changing economy and bridging with the world’s Chinese entrepreneurs for cooperation.
It is also set to make use of the Association of Southeast Asian Nations (ASEAN) and the China-proposed Belt and Road Initiative to jointly explore the future development trends of Chinese businessmen as well as the world and Myanmar’s economy.
General Chair of the WCEC and Chairman of the Myanmar Chinese Chamber of Commerce Wu Jiyuan (U Myint Shwe) highlighted Myanmar’s remarkable transformation in recent years, saying that the government has done a terrific job in boosting the country’s economic growth, improving people’s livelihood, and rolling out policies, laws and regulations to advance the economic reform. He believed that as these policies and regulations take effect, they will surely serve as a strong impetus for economic and social progress by increasing foreign investment and jobs to benefit people with economic growth and political stability.
He pledged to work with the Myanmar government in investment promotion for a number of sectors and provide incentives for Chinese investors from around the world in a bid to deliver tangible results through the convention.

Share this post


Hot News
Hot News