"Myanmar expects to attract more investment as manufacturers seeking to relocate production from China to skirt US tariffs encounter capacity constraints in Vietnam. The Southeast Asian nation, whose goal is to woo a total of $5.8 billion in foreign-direct investment this year, is trying to cut back the red tape that deters some companies, according to a senior government official. “When it comes to relocation, Vietnam might be preferable, but it’s already congested,” said Aung Naing Oo, permanent secretary at the Ministry of Investment and Foreign Economic Relations. “So, investors are now eyeing Indonesia and Myanmar.” One advantage for Myanmar -- where about a third of the population lives in poverty -- is that Europe and the US offer preferential export terms to boost growth, according to Aung Naing Oo. At the same time, the $71 billion economy continues to face traditional obstacles such as insufficient supplies of electricity and industrial land..."