Japan and Myanmar this week announced plans to form Dream Vision C. (DVC), will be a joint venture between Shwe Than Lwin Media Co and NHK, Japan’s national public broadcasting organisation. DVC, which has been approved by the Myanmar Investment Commission, will produce high quality television programmes for Myanmar National TV (MNTV).

Through DVC, Japan hopes to foster closer socio-economic ties with Myanmar and support the local broadcasting industry by bringing in new technology and know-how. In exchange, more Japanese programmes will be aired on MNTV, which is owned by Shwe Than Lwin.

“We hope to share knowledge and gain access to better technology, knowledge and great concepts,” said Daw Nang Mouk Laung Seng, Managing Director of DVC.

Myanmar also hopes to forge stronger bilateral trade relations with Japan. “Under the current government, Japan and Myanmar have co-operated successfully in politics, economics and other areas,” said U Phyo Min Thein, Chief Minister of Yangon Region, at the launch of DVC.

“As both countries aim to strengthen our socio-economic ties and understand each other’s cultural differences, Myanmar will be able to draw more Japanese investments across many more sectors in the economy,” he added.