Excerpt from Message sent by Chairman of State Administration Council Prime Minister Senior General Min Aung Hlaing to Ceremony marking 60th Anniversary of the University of Economics

Chairman of the State Administration Council (SAC) Prime Minister Senior General Min Aung Hlaing sent a video speech to the ceremony marking the 60th Anniversary of the University of Economics which falls on 13 December.

The excerpts from a video speech delivered by SAC Chairman Prime Minister Senior General Min Aung Hlaing are as follows:

• Yangon University of Economics, which was established in 1964, celebrates its 60th anniversary in 2024.
• Economists play a crucial role in driving the continuous economic development of a country. The 60-year history of Yangon University of Economics, which has been nurturing such vital economists, is indeed a source of pride.
• Looking back at the history of Yangon University of Economics, it can be seen that it was established in the 1923-1924 academic year as the Faculty of Economics under Yangon University. Initially, only the subject of Economics was taught. Later, in the 1940-1941 academic year, the subject of Commerce was introduced, followed by accounting in 1953.
• In 1966, the Department of Research and Management Studies was established at the University of Economics (Hline Campus) as well as the Department of Applied Statistics was expanded in 2021.
• In the year 2000, the Yangon University of Economics (Ywathagyi Campus) was officially opened, and it has since been joined by two other campuses in Kamayut and Hline, making a total of three university campuses. At these campuses, various academic programmes are offered, including undergraduate, honours, Master’s, and PhD courses, as well as post-graduate diploma courses.
• Degree programmes such as Bachelor of Economics, Bachelor of Commerce, Bachelor of Business Administration, Master’s in Economics, Master’s in Commerce, Master’s in Business Administration, and Diploma in Management and Administration (DMA) have been offered since before 1964. Additionally, PhD courses have been available since the 1998-99 academic year.
• In addition, courses for accounting degrees, business management degrees, development studies degrees, public administration degrees, and demography degrees were introduced in 2001. Furthermore, in 2003, a Master’s degree in Statistics was launched, and in 2004, a Master’s degree in demography was also offered.
• In order to fulfil the economic goals of the nation and meet market demands, the Yangon University of Economics launched the Master of Business Administration (MBA) programme in 1995, under the Human Resource Development Programme. Since then, it has successfully produced 2,920 MBA graduates.
• The Master’s in Public Administration (MPA) programme was launched in the year 2000, with a total of 1,631 graduates. The Master’s in Development Studies (MDevS) programme began in 2002, producing 924 graduates. The Master’s in Banking and Finance (MBF) programme, aimed at systematically developing Myanmar’s banking and financial sectors, was started in 2012 and has since graduated 637 MBF individuals.
• The Human Resource Development Programme, which began in 1998, has also been able to offer additional training courses, including the Diploma in Development Studies (Dip DS) for university graduates, the Postgraduate Diploma in Marketing Management (PGDMM), the Postgraduate Diploma in Human Resource Management (PGDHRM), and the Postgraduate Diploma in Research Studies (PGDRS).
• After successfully completing the university entrance exam, programmes such as the Certificate in Business Studies (CBS) and Certificate in Advanced Business Studies (CABS) were introduced to enhance business knowledge and skills. Additionally, those who successfully completed these courses were also given the opportunity to pursue further studies with the Diploma in Business Studies (DBS).
• Since 2019, Yangon University of Economics has been offering remote degree programmes under the “One Campus, Two Systems” initiative, providing specialized courses in Economics and Business Management.
• As a government, in line with the economic objectives we have adopted, we are working to enhance the nation’s economic driving force through MSME businesses to promote exports.
• Therefore, during the 2022-2023 academic year, the Yangon University of Economics led the initiative to open BA (Economics) degree programmes at 39 universities of arts and science.
• Since 1964, for 60 years, Yangon University of Economics has produced 110 graduates with doctoral degrees, 7,587 with master’s degrees, 61,850 with bachelor’s degrees, 1,217 with honours degrees, and 7,708 with diploma certificates.
• Graduates with an MBA from the Universities of Economics are now skilled entrepreneurs in various sectors of private businesses and are working as senior managers in the field of management.
• Graduates with an MDevS degree are successfully working in the government sector, private sector, and NGOs and INGOs. Those with an MBF degree can also be found in senior positions as experts and managers at the Central Bank of Myanmar, government and private banks, and financial organizations.
• Among the graduates of the university are individuals who hold senior positions in the government, including the President of the country, Union Ministers, Union Auditors-General, Central Bank Governors, advisors, Chief Ministers and Ministers of States and Regions, Deputy Ministers, and Directors-General. This is a source of pride and admiration.

Yangon University of Economics has completed its 60th anniversary and, as a prominent institution, has contributed significantly to the country’s economic and social development by nurturing exceptional individuals who excel in various fields.

Source: GNLM (14-12-2024)

• Economists play a crucial role in driving the continuous economic development of a country.
• It can be seen that it was established in the 1923-1924 academic year as the Faculty of Economics under Yangon University. Initially, only the subject of Economics was taught. Later, in the 1940-1941 academic year, the subject of Commerce was introduced, followed by accounting in 1953.
• In order to fulfil the economic goals of the nation and meet market demands, the Yangon University of Economics launched the Master of Business Administration (MBA) programme in 1995, under the Human Resource Development Programme. Since then, it has successfully produced 2,920 MBA graduates.
• Since 2019, Yangon University of Economics has been offering remote degree programmes under the “One Campus, Two Systems” initiative, providing specialized courses in Economics and Business Management.
• Since 1964, for 60 years, Yangon University of Economics has produced 110 graduates with doctoral degrees, 7,587 with master’s degrees, 61,850 with bachelor’s degrees, 1,217 with honours degrees, and 7,708 with diploma certificates.
• Among the graduates of the university are individuals who hold senior positions in the government, including the President of the country, Union Ministers, Union Auditors-General, Central Bank Governors, advisors, and Chief Ministers and Ministers of States and Regions. This is a source of pride and admiration.