Myanmar

Update news Myanmar

Cambodia, Laos, Myanmar, Thailand and Vietnam to form a single destination for investors, tourists

 Government officials, enterprises from Cambodia, Laos, Myanmar, Vietnam and Thailand gathered in Bangkok on June 16 for the first ever forum to discuss ways to form a seamless Mekong Delta region or a Single Destination.

Myanmar bans lucrative logging in bid to preserve forests

 Myanmar has banned lucrative logging operations as the newly-elected government of democracy leader Aung San Suu Kyi steps up a battle on deforestation, an environment official said on Thursday.

7.1-magnitude earthquake hits Myanmar

 A 7.1-magnitude earthquake hit Myanmar's northwestern part Wednesday evening, according to the Myanmar Earthquake Committee.

VN Central Bank approves BIDV plan to open Yangon branch

 The State Bank of Viet Nam (SBV) on March 31 approved the Bank for Investment and Development (BIDV) of Viet Nam's plan to open a branch in Yangon city, Myanmar.

Mobile World to open stores in Cambodia, Myanmar, Laos

Mobile World, one of the largest mobile phone and electronic product distribution chains in Vietnam, is preparing to open its first stores in Laos, Cambodia and Myanmar in early 2017, revealed its CEO Tran Kinh Doanh.

Myanmar awaits results of landmark election

 People in Myanmar are awaiting the results of the first openly contested national election in 25 years, with the National League for Democracy (NLD) expected to make sweeping gains.

Vietnamese telcos find it hard to earn money in foreign markets

VietNamNet Bridge - Vietnamese telecommunications companies are finding it hard to tap into unexploited markets.

Vietnamese telcos have to spend big money on outward investments

VietNamNet Bridge - Viettel and FPT both have had to spend big money in their outward investment projects. Meanwhile, the markets are risky with political uncertainties and stiff competition.

Myanmar picks up migrants as Asean agrees to tackle crisis

 Asian countries have agreed to work together to try to stem the region's migrant crisis, as Myanmar brought to shore another boat full of migrants.

Vietnam, Myanmar talk strengthening ties

 Myanmar continually looks to foster cooperation with Vietnam, especially within the ASEAN framework, affirmed Myanmar leaders.

HAGL and Rowsley enter US$550 million Myanmar JV

 The Hoang Anh Gia Lai Joint Stock Company (HAGL) has entered a joint venture (JV) with real-estate and investment firm Rowsley Ltd. for developing a mixed-use project in Yangon, Myanmar.

Viettel to invest in Myanmar

Viettel Global, a subsidiary of Viettel Group, has approved a resolution to invest in a telecommunications company in Myanmar with the total registered investment capital of $1.8 billion, according to the company’s website.

Viettel to invest $1.5 billion in Myanmar

 VietNamNet Bridge - Viettel Global and Myanmar’s state-owned telecom operator - Yatanarpon Teleport - are awaiting the approval for an investment of at least $800 million to build a telecom network.

Many Korean investors leave China for Vietnam and Myanmar

 VietNamNet Bridge - "Companies specialising in textile, garment, leather and gems have left China since the financial crisis in 2008 to move to Vietnam and Myanmar," said a representative of the Korea Trade-Investment Promotion Agency.

Prime Minister attends ASEAN related meetings

 Prime Minister Nguyen Tan Dung attended the second ASEAN-US Summit, the 17 th ASEAN-China Summit and the 17 th ASEAN+3 Summit in Nay Pyi Taw, Myanmar, on November 13.

PM arrives in Myanmar for 25th ASEAN Summit

 Prime Minister Nguyen Tan Dung and his entourage arrived in Nay Pyi Taw, Myanmar on the afternoon of November 11, beginning his visit to the country to attend the 25th ASEAN Summit and related meetings.

KFC to open first Myanmar outlet in 2015

 KFC's parent company, Yum! Brands, has teamed up with Singapore-listed Yoma Strategic Holdings to bring the franchise to Myanmar, also known as Burma.

Vietnam unfazed by group of death

 VietNamNet Bridge – Viet Nam expect to win a quarter-final berth at the Asian Football Confederation U19 Championship in Myanmar although they have been drawn in the "Death Group" of the tournament,

Vietnamese bank not licensed in Myanmar

VietNamNet Bridge – The Central Bank of Myanmar has announced the names of nine foreign banks that were licensed in the first phase in this country, without any representatives of Vietnam.

Vietnam's Hanel DTT plans Myanmar e-gov't platform

 Viet Nam's Hanel DTT Technology Joint Stock Company signed a cooperation agreement with Sundrew Myanmar Company to build an open e-government platform (OEP) based on open source technologies in Myanmar.