Japan's Daiwa to set up VC fund to invest in Myanmar startups

Japan's Daiwa to set up VC fund to invest in Myanmar startups

Downtown Yangon, Myanmar. Photo: Pixabay

Daiwa Securities Group will set up a venture capital fund in Myanmar, in a first for a major Japanese financial institution.

The Southeast Asian country’s economy is growing at a roughly 6% clip, and information technology startups are emerging. This makes Myanmar an attractive market for Japanese institutional investors seeking relief from persistently low interest rates at home.

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