Home MMBIZ News Vietnam Group Eyes Kyaiktyo Cable Car

Vietnam Group Eyes Kyaiktyo Cable Car

A Vietnamese company has expressed interest in investing in a cable car project at Mount Kyaiktyo, the site of one of Myanmar’s most famous sites, the Golden Rock in Mon State, source say.
Oman Investment Fund has already held meetings with members of the government including members of the Mon Government, Myanmar National Race Affair Minister U Thet Win, finance minister Dr Khin Maung Twin and Electric and Industry Minister U Naing La We Aung.
“Vietnam wants to invest in running a cable car at Kyaiktyo and establish factories in Mon State,” said Truong Hoang, adviser for Oman Investment Fund. He added that the Mon State government had informed the company that if they wished to make an investment, they must first make a survey and cost plan for the project.
Located just a few hours from Yangon, the Golden Rock is one of Myanmar’s most popular tourist destinations, particularly for domestic Buddhist tourists.

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