Yangon: Myanmar President U Thein Sein has stressed upon investment in the education sector, saying that it is the best guarantee and most valuable for the country's future.

Thein Sein made the remarks during his inspection trip to the country's northwestern Sagaing region on Saturday.

"Only when all youth become intellectuals and intelligentsia in the future, will the nation enjoy fruits of development," he said.

On this occasion, he also announced plan to open an arts and science university in Sagaing and upgrade the region's cooperative college and technological college to university level.

Noting that Myanmar saw its elected government and parliament on transition to democracy, the president said: "In Myanmar, three pillars for the democracy of the parliament, the government and the judiciary body had been established and the country is beginning to take shape as a discipline-flourishing democratic nation."

The government, he said, was also making all-out efforts for peace and stability to reduce pressure from outside and to make peace with ethnic armed group.

About foreign investment in the country, the president said that the government had taken the interest of the people, the integrity and sovereignty of the country into consideration. IANS