Myanmar attracts over 4.1 billion USD foreign investment in 8 months

Foreign enterprises have poured over 4.1 billion USD into Myanmar in the first eight months of fiscal year 2019-2020 (starting October 2019), according to figures issued by the Directorate of Investment and Company Administration (DICA) on June 15.

Monday, June 15, 2020 21:46

Myanmar attracts over 4.1 billion USD foreign investment in 8 months ảnh 1

Illustrative image (Photo: mmtimes.com)

Hanoi (VNA) - Foreign enterprises havepoured over 4.1 billion USD into Myanmar in the first eight months of fiscalyear 2019-2020 (starting October 2019), according to figuresissued by the Directorate of Investment and Company Administration (DICA) onJune 15.

TheMyanmar Investment Commission (MIC) gave the investment licences to 178 foreignenterprises from October 1, 2019 to May 31.

During the period, power sector attracted most investmentcapital with over 1.67 billion USD, followed by real estate and manufacturingsectors.

FromFY 1988-89 to FY 2019-20, the MIC gave the nod to 2,015 foreign enterprises,with investment capital of over 85.9 billion USD.

Powersector took 26.60 percent of foreign investment, followed by oil and gas sectorwith 26.51 percent and manufacturing with 14.11 percent.

Singapore,China and Thailand are leading investors in Myanmar./.

VNA

#Directorate of Investment and Company Administration #Myanmar Investment Commission #investment capital #China #Thailand #Vietnam #VietnamPlus #Vientam news

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