Myanmar to boost investors’ confidence with revamped investment law

As hopes rise for the removal of international sanctions, Myanmar is preparing to restructure the laws covering investment.

The plan is to merge the Foreign Investment law and the Myanmar National Investment Law which should provide more protection for overseas investors.

The Minister of National Planning and Finance has reported that the pace inward finance has slowed as potential investors await the outcome of the law revision. Over the past five months, under the new Government, FDI amounted to around US$2 billion.

Source: ITTO