Hanoi (VNA) – The Myanmar Investment Forum (MIF) 2017 took place in the country’s capital city of Nay Pyi Taw on June 7-8 to seek ways to increase foreign investment for its economic development.

The event was hosted by the Myanmar Investors Development Association (MIDA).

Opening the forum, Vice President U Myint Swe stressing that foreign direct investment (FDI) has become the main driver to promote the inflow of much-needed foreign capital in the country, which relies on foreign capital and international trade for socio-economic development.

MIDA Chairman U Khin Maung Aye said the MIF 2017 aimed to smooth the path towards increasing investment in Myanmar by both domestic and foreign enterprises. He also underlined the need for creating the best business climate for foreign investors in the country.

Minister of Planning and Finance U Kyaw Win pledged that the government would provide the best conditions for enterprises with full responsibility so as to create more job opportunities while implementing open, environmentally-friendly policies.

Topping the agenda at the forum were investment opportunities in special economic zones in Dawei, Thilawa and Kyaukphyu as well as industrial zones in various regions across Myanmar. In addition, there were also discussions on possible changes in the financial sector to boost financial stability for investors.

The forum was attended by over 100 economic organisations, over 90 foreign enterprises and nearly 200 Myanmar businessmen. -VNA