Foreign education providers seek opportunities in Myanmar

The private education industry in the country continues to evoke interest from foreign education providers, with several having invested here in the past year ever since the government loosened regulations for the setting up of such educational institutions.

Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) officials recently met with private education providers from the US, UK and Canada to discuss their interest in investing in the country’s education industry.

Acting Director General of Directorate of Investment and Company AdministrationU Thant Sin Lwin said Chinese education providers were also interested in setting up centres teaching the Chinese language.

UMFCCI vice chair U Maung Maung Lay said as an emerging economy, Myanmar needs a trained workforce and these education providers can fill the void for high quality education.

Representatives from UK’s Manchester Metropolitan University were in Myanmar last month to learn more about the country’s education needs and to explore opportunities for collaboration while business delegations from Canada met with UMFCCI in April.

To recap, the Myanmar Investment Commission in April 2018 announced that foreign private education providers can set up basic, technical, vocational and training schools as well as higher education and subject-based schools.

Since the education industry opened up, Myanmar Strategic Holdings has set up the Yangon American International School, US tertiary education provider Kaplan have set up Kaplan Myanmar University College while the International Language & Business Center have entered a joint venture to expand in the country.

Myanmar has gradually opened up its economy, with the government focusing on several important industries, including banking, insurance, education as well as wholesale and retail trade.

Source: Myanmar Times

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