Invest Myanmar Summit 2019 will be held at Myanmar International Convention Centre 2 (MICC-2) in Nay Pyi Taw, Myanmar from 28th-29th January 2019. The summit will provide international and local investors with the opportunity to discover the business potential of Myanmar and showcase 120 regional and private business projects worth a total of over $3 billion. The summit expects to receive an audience of over 800 people, with 400 foreign businessmen from China, Europe, India, Japan, South Korea, Singapore, and Thailand.
Central and Regional Government officials, as well as for local governments will showcase business opportunities in their regions. There is a great need to expand investment beyond Yangon and Mandalay, to include Shan State, Ayeyarwady Region, Kayin State, Mon State, and Tanintharyi Region.
On Day 1, there will be a high-level panel discussion in the morning and afternoon, with presentations on different regions and industries in Myanmar as parallel sessions.
On Day 2, there will also be presentations on various industries as parallel sessions, followed by a closing session with high-level representatives from the Myanmar Investment Commission, as well as high-level representatives from China, Japan, and Singapore international enterprise.
One of the highlights of the event is the showcase of the Project Bank of Public Investment Program to facilitate major project proposals from the States and Regions which was established under the Myanmar Sustainable Development Plan (MSDP), Minister of Planning and Finance. This special bank will allow investors to invest directly into some of the countries most important infrastructure projects that will create revenue in this much needed public/private partnership.
The MSDP which includes a 30 year development plan for Myanmar has five encompassing goals, 28 strategies and 238 action plans; the MSDP also aligns with the United Nations’ Sustainable Development Goals, the 12 Point Economic Policy of the Union of Myanmar and ASEAN Economic Community.
In 2018 the Yangon Regional government also organized the Yangon Investment Forum in Yangon for the first time and received over 1,100 attendances with 400 foreigners.
Myanmar Investment Commission is calculating amount of actual investment inflow, and found out that Myanmar only received $4.3 billion in 2018 Fiscal Year out of an actual $6 billion that was approved. The commission expects to receive $6 billion foreign direct investment for 2019 Fiscal Year. They plan to do events like this to boost the lagging investment in Myanmar.