Home MMBIZ News Myanmar FDI Portfolio Reaches $41.44b

Myanmar FDI Portfolio Reaches $41.44b

Foreign investment in Myanmar has reached $41.44 billion owing to a recent influx of international investment following the opening up of the country, latest foreign investment data shows.

Japan, South Korea, China, Hong Kong, Singapore and Vietnam have been the key players last year, investing in industries, hotels, tourism, livestock and fisheries.

Following the enactment of the new Foreign Investment Law Myanmar saw it foreign investment portfolio go up $300 million within a month.

“South Korea and Japan have been the major investors. But there will be more foreign investments from other countries in the coming years. Many countries are coming here to discuss investment,” said U Mya Aung of Myanmar Industries Association.

However, he said it is necessary to create opportunity not only for foreign entrepreneurs but also for local entrepreneurs.

According to government statistics, the total foreign investment in the fiscal year 2012-13 is the most in a decade.

- Advertisment -

Must Read

U.S. strikes at a Huawei prize: chip juggernaut HiSilicon

By Josh Horwitz SHANGHAI, May 22 (Reuters) - The latest U.S. government action against China's Huawei takes direct aim at the company's HiSilicon chip division...