Despite the growing condemnation of many countries around the world for the coup d’etat against Myanmar Coup and the violent suppression of demonstrations by security forces, the Burmese military government believes that Asian countries will continue to invest in Burma.
Bloomberg reported that although the United States and its partners are taking actions such as sanctions against the military, and some regional companies have also reduced the scale of investment, neighboring countries in Asia have largely avoided full-scale withdrawal actions. The current leader of Myanmar believes that the long-term cooperation between Asian countries and the local area will continue.
Aung Naing Oo, Minister of Investment and Foreign Economic Relations of Myanmar, said in a telephone interview, “In light of this situation, we expect traditional investors to continue to do business here.” “Their (these countries) governments do not Tell them not to invest or do business in Myanmar. Therefore, we hope that investors from these countries will continue to come to Myanmar.”
According to reports, since the Myanmar military was accused of leading the Rohingya ethnic genocide in 2017, Western investment in the country has waned. Myanmar turned to Asian countries such as Singapore and China to seek foreign investment.
Aung Nai Wu said that the military government hopes that the coup will only have a “minor impact” on foreign investment, and the military has taken this into consideration before launching the coup.