Myanmar expects factory investment to jump on US-China tensionWorkers assemble products at a factory owned by Yakeda Outdoor Travel Products Co. LTD in Yangon, Myanmar, June 11, 2019. (Reuters file photo)YANGON: Myanmar expects to attract more investment as manufacturers seeking to relocate production from China to skirt US tariffs encounter capacity constraints in Vietnam. Net foreign-direct investment into Myanmar collapsed to 1.8% of gross domestic product last year from 6% in 2017, World Bank data shows. Chinese companies have to show commitment to sustainable practices to counter negative public perceptions about their conduct, according to Aung Naing Oo. The World Bank has said that production relocation sparked by the US-China trade war is an opportunity for Myanmar.

Source: Bangkok Post November 11, 2019 05:10 UTC