VinaCapital invests in Myanmar agriculture
VinaCapital from Vietnam and Mitsui from Japan have respectively signed memorandums of understanding (MoU) with Myanmar Agribusiness Public Corporation (MAPC) on cooperation in agricultural development.
Under the MoU, combined factories for food processing and energy generation as well as rice grinding and purifying mills will be set up in Yangon, Ayeyawady, Bago regions and the capital city Naypyidaw.
Foreign investors have injected US$182.75 million into nine agricultural projects in Myanmar since December 2012.