How Myanmar Coordinate FDI with other Policies
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How Myanmar Coordinate FDI with other Policies ? Aung Naing Oo Director General Directorate of Investment and Company Administration
Transcript of How Myanmar Coordinate FDI with other Policies
How Myanmar Coordinate FDI with
other Policies ?
Aung Naing Oo
Director General
Directorate of Investment and Company Administration
Reforms 1
2
Investment and Social Issues
Promotion of FDI
2
3
4
5
6
7
8
FDI Situation
Policies and Implementation
Efforts towards an attractive investment destination
Investment and Environment
8 Actions for Sustainable Investment Climate
9 Conclusion
Outline
Reforms towards better investment environment
Legal framework : enactment of new FIL, SEZ & Rules for FIL;
Policy framework : more open, diversify, transparency;
Institutional framework : new setup of the MIC ;
Procedural framework : streamlining, simplifying, establishment of OSS.
How policies are made and implement ?
Trade
Economic Sub-cabinet Committee
Industry
SME
Investment
Delivery Units
Delivery Units
Deliv
ery U
nits D
eliv
ery
Un
its
Business Community
Business Community
Bu
siness C
om
mu
nity
Bu
sin
ess
Co
mm
un
ity
Promote Quality Investment
DICA recognizes the significance of quality investment, and the magnitude of its
contribution to the growth of national economy.
• Sustainable employment opportunities
• Values and efficiency in national production
• Generate further capital flow
• Technical transfer of knowledge and skills
• Preservation of sustainable environment
Quality
Investment
Responsible
business
conduct
Promotion of FDI
Vision and Strategies of FDIPP
Vision
A dynamic economic growth led by FDI worth USD140 billion* during the period of 2014
to 2030
Strategies
(1) GOM will promote more open investment climate and transparent, efficient and
consistent implementation of its policy corresponding to FDI requirements
(2) GOM will promote FDI led development of industry and infrastructure
(3) GOM will encourage private sector initiatives and public-private cooperation, and
strengthen coordination among stakeholders for further FDI opportunities
*accumulated amount
Promotion of FDI
Investment and Environment
Notification 50/2014
EIA
EIA
IEE
EMP
Investor
MIC
MOECAF
MIC
State / Regional
Govt.
Ministry of Labor &
Employment
UNGC
RBC
CSR
investor
Investment and Social Issues
Power 39%
Oil and Gas 30%
Manufacturing 9%
Mining 6%
Transport & Communication
6%
Hotel and Tourism 4%
Real Estate 4%
Livestock &
Fisheries 1%
Agriculture 1%
Industrial Estate
Other Services
Construction
FDI Situation
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
2011-2012 2012-2013 2013-2014 2014-2015
(Last week of Sept)
300.482
1419.467
4107.054 4187.000
4343.978
Chebawenge Power
Other Services
- Oil and Gas
- Mining
- Industrial Estate
- Hotel and Tourism
- Real Estate
- Livestock & Fisheries
- Agricultural
- Other
FDI Situation
Actions for a better business environment
Investment Policy Review of Myanmar – OECD
Amendment of Myanmar Companies Act – ADB
Unification of Investment Laws – IFC
Establishment of SEZs
Efforts towards an attractive investment destination
Actions for Sustainable Investment Climate
Proposing necessary changes in current FDI policies in response to external
economic environment.
Propose revision of relevant policies in order to cope with various changes,
starting from the forthcoming AEC.
Set priority sectors/ areas for FDI promotion while improving legal
framework.
Enhance capacity of local SME to be turned out as supporting industries for
FDI.
