World

Myanmar to allow foreign investors to list in first stock exchange

Myanmar is finalising regulations to allow foreign investors to join the Yangon Stock Exchange (YSX), and allow joint ventures with the involvement of foreign companies to list.
Myanmar to allow foreign investors to list in first stock exchange ảnh 1Illustrative Image (Source: AP)

Hanoi (VNA) – Myanmar is finalising regulations to allow foreign investors to join the Yangon Stock Exchange (YSX), and allow joint ventures with the involvement of foreign companies to list, the country’s Securities and Exchange Commission revealed on June 1.

According to the chair of the comission Maung Maung Win, once the Myanmar Companies Act is passed, an appropriate number of joint ventures will be permitted to post their stocks, while foreign institutions will be invited to invest to increase market liquidity.

Earlier last month, the US lifted its sanctions on Myanmar, including those on the state-owned Myanmar Economic Bank, which owns a majority of the YSX’s shares, clearing the way for US banks and individuals to do business with the exchange.

The YSX, the first exchange in Myanmar , was set up in December last year with six listing companies, two insurance firms and one bank. However, the first transaction was made on March 25.

According to a deal signed in December 2014, the Myanmar Economic Bank holds 51 percent of the exchange, while the Japan stock exchange and Japan ’s Daiwa Securities Group contributed 49 percent.

Meanwhile, the Myanmar Government is planning to form a national investment committee to assess and approve large-scale projects nationwide in June.

In the 2015-2016 fiscal year, Myanmar passed a number of projects worth a total of 9.4 billion USD, the highest figure since 2010, peaking in March when total investment reached 4 billion USD.-VNA

VNA
#Yangon Stock Exchange #Myanmar #foreign investors Myanmar
Follow VietnamPlus

Related News

See more

Smoke rises from a land fire in South Sumatra, Indonesia (Photo: Xinhua/VNA)

Indonesia: Thick smoke from forest fires disrupts flights

In a written statement on September 14, the Indonesian Ministry of Forestry said the latest monitoring data shows a significant decrease in so-called “high-confidence” hot spots, strongly suspected to be caused by forest fires, in Central Kalimantan and West Kalimantan.

Thailand upgrades GDP growth to 2.5% in 2026

Thailand upgrades GDP growth to 2.5% in 2026

Thailand's economic recovery will follow a K-shaped model, with growth concentrated in high-tech industries and large companies, according to the Centre for Economic and Business Forecasting at the University of the Thai Chamber of Commerce (UTCC).

A pepresentatives of UXO Lao programme briefs on mine survey and clearance in Luang Prabang province (Photo: VNA)

International delegates inspect UXO clearance efforts in Laos

To realise the Convention on Cluster Munitions’s goals, the Lao Government has incorporated all international targets into its “Safe Path Forward III 2021–2030” national strategy and stayed committed to its national Sustainable Development Goal 18 – “Lives Safe from UXO”.

The forum on ASEAN's role in the Indo-Pacific region and prospects for cooperation with Argentina takes place on September 10 (Photo: VNA)

ASEAN highlights its central role in Indo-Pacific

The Ambassador of Indonesia, the country holding the rotating chairmanship of ASEAN in Argentina, stressed that maintaining peace and stability, along with an open, transparent regional environment based on mutual respect, are fundamental conditions for a peaceful, inclusive, and prosperous Indo-Pacific.

A street in Bangkok, Thailand. (Illustrative photo: Xinhua/VNA)

Thailand’s business activity shows signs of gradual recovery

As of August 31, Thailand had more than 1 million active legal entities with total registered capital of 24.13 trillion THB. The service sector accounted for the largest share, with 552,830 entities, or 54.48%, followed by wholesale and retail with 332,791 entities (32.79%) and manufacturing with 129,215 (12.73%).

Prime Minister Hun Manet (front row, centre) and Labour and Vocational Training Minister Heng Sour (front row, right) visit a garment factory in Preah Sihanouk province. MLVT (Photo: khmertimeskh.com)

Cambodia records 7,458 more enterprises in three years

A Cambodian official said that the growth should not be assessed solely by the number of newly established enterprises and facilities, but also by their contributions to investment, production, job creation and household incomes.

The ASEAN Senior Officials’ Meeting (SOM) convenes in Manila, the Philippines, on September 9. The Vietnamese delegation is led by Deputy Minister of Foreign Affairs Dang Hoang Giang (fifth, left), head of the ASEAN-Vietnam SOM.(Photo: asean.org)

Vietnam calls for stronger ASEAN unity, resilience

Deputy Minister of Foreign Affairs Dang Hoang Giang urged ASEAN to make full use of existing mechanisms to enhance dialogue, build trust and prevent risks and conflicts, particularly by strengthening the Treaty of Amity and Cooperation in Southeast Asia (TAC), the Southeast Asia Nuclear Weapon-Free Zone Treaty (SEANWFZ), and cooperation based on international law.

Timor-Leste President Jose Ramos-Horta (Photo: VNA)

Timor-Leste diversifies economy, seeks to attract investment

The President noted Timor-Leste is pursuing sustainable development, stronger regional connectivity and expanded international cooperation while seeking investment opportunities in energy, tourism and emerging economic sectors to reduce its dependence on oil and gas revenues.

Minister Counsellor Nguyen Hai Luu, Deputy Permanent Representative of Vietnam to the UN (Photo published by VNA)

Vietnam cooperates with UN to advance gender equality

Minister Counsellor Nguyen Hai Luu highlighted Vietnam’s positive achievements in promoting gender equality, noting that 13 of the 20 targets under the national strategy on gender equality had been met or exceeded by 2025.