Home MMBIZ News FDI Almost Triples to $4.1b in FY2013-14

FDI Almost Triples to $4.1b in FY2013-14

Myanmar bagged $4.1 billion in foreign direct investments in the 2013-14 fiscal year which ended in March, almost tripling from $1.4 billion it received in FY2012-13, the Directorate of Investment and Companies Administration’s (DICA) recent data shows.

Injected by 34 countries, the foreign investment in 2013-14 flowed mostly into manufacturing, energy, oil and gas, mining, hotels and tourism, real estate, livestock, fishery and agriculture.

Total FDI from 34 countries in Myanmar now stands at $46 billion, according to DICA statistics.

China still stands as the largest investor with $14 billion in investments in the Southeast Asian country, followed by Thailand ($10 billion) and Hong Kong ($6 billion).

The 71 foreign-invested projects in 2013-14 up to December last year has created over 50,000 jobs for local people, according to DICA.

- Advertisment -

Must Read

Tourist ngapali beach rakhine

Myanmar’s dream to receive 5 million tourists blown away by COVID-19 

U Ohn Maung, Union Minister of the Ministry of Hotels and Tourism, said that Myanmar’s dream of receiving five million tourists in 2020 was...