Foreign investment in Myanmar at $810 million in Q1
Myanmar has received foreign direct investments of $810 million from 11 countries in the first quarter of 2013, Khin San Yi, Deputy Minister for National Planning and Economic Development, said in a parliamentary statement on August 5.
The investors were from the UK, Canada, Australia, Thailand, Vietnam, Korea, Brunei, Malaysia, Singapore, China and India. The majority of investments were made in the manufacturing and tourism sectors, the deputy minister said.
About $570 million were invested in 13 new manufacturing businesses, while $220 million flew into the hotel and tourism industry with one new company being set up. Other foreign investments included agriculture and the service sector.
The statistical value of total foreign investments in Myanmar until end of June 2013 was $33 billion after deduction of investments that have been pledged but did not materialise. Overall, 88 per cent of total foreign investment went to Myanmar’s oil, gas and mining sectors.
The Myanmar government said it wants to increase investments into agriculture and farming in the future.
Myanmar has received foreign direct investments of $810 million from 11 countries in the first quarter of 2013, Khin San Yi, Deputy Minister for National Planning and Economic Development, said in a parliamentary statement on August 5. The investors were from the UK, Canada, Australia, Thailand, Vietnam, Korea, Brunei, Malaysia, Singapore, China and India. The majority of investments were made in the manufacturing and tourism sectors, the deputy minister said. About $570 million were invested in 13 new manufacturing businesses, while $220 million flew into the hotel and tourism industry with one new company being set up. Other foreign investments...
Myanmar has received foreign direct investments of $810 million from 11 countries in the first quarter of 2013, Khin San Yi, Deputy Minister for National Planning and Economic Development, said in a parliamentary statement on August 5.
The investors were from the UK, Canada, Australia, Thailand, Vietnam, Korea, Brunei, Malaysia, Singapore, China and India. The majority of investments were made in the manufacturing and tourism sectors, the deputy minister said.
About $570 million were invested in 13 new manufacturing businesses, while $220 million flew into the hotel and tourism industry with one new company being set up. Other foreign investments included agriculture and the service sector.
The statistical value of total foreign investments in Myanmar until end of June 2013 was $33 billion after deduction of investments that have been pledged but did not materialise. Overall, 88 per cent of total foreign investment went to Myanmar’s oil, gas and mining sectors.
The Myanmar government said it wants to increase investments into agriculture and farming in the future.
