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Myanmar seeks to build on foreign-investment momentum: finance minister

Myanmar's finance and planning minister Kyaw Win.

YANGON -- Myanmar aims to attract more foreign investment over the next five years than under the previous government, Finance Minister Kyaw Win told The Nikkei in a recent interview.

The country received about $28 billion in foreign direct investment over previous President Thein Sein's five years in office, driving rapid economic growth estimated at an annualized 8% this year. Kyaw Win said, "the new government, which came into power at the end of March, plans to attract even more money through such changes as making it easier for foreign investors to buy land."

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