Myanmar calls on MSMEs to boost economy, exports


YANGON: The Myanmar government is urging micro, small, and medium enterprises (MSMEs) to improve the quality of their products to replace imports and expand exports, according to a report by the state-owned daily Myanma Alinn on Friday (March 13).

The report quoted Prime Minister U Nyo Saw as speaking at a government meeting on Thursday that if MSME activities develop further, both the national economy and the socio-economic lives of the people will improve.

It also emphasized the importance of raising MSME standards and connecting their operations with international markets.

The report added that MSME activities in the country have been successful and that their contribution to the economic growth is increasing every year. - Xinhua

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Aseanplus News

China's Chang'e 7 lunar probe to be launched later this year
Leo to become first pope to visit Muslim Algeria,with message of peaceful coexistence
New Zealand signs first city deal to boost Auckland growth
US Vice President Vance in Islamabad for Iran talks overshadowed by mutual mistrust
‘Cambodia International Cashew Conference’ will target fresh investment
Hong Kong’s largest public hospital to commence services in October
Fire breaks out on vessel at Singapore's PSA Pasir Panjang Terminal; no injuries reported
Japan weighs sharp increase in residency permit fees for foreign nationals
Cuddalore rally cancelled: TVK head Vijay cites safety, draws mixed political response
Brunei alumni gather for Hari Raya celebration

Others Also Read