Foreign investment in Myanmar totals $46.71b

YangonMyanmar attracted $176 million in foreign investment last month, bringing the nation ‘s total contracted foreign investment to $46.71 billion as of June 2014 since the 1990s when Myanmar started to open its door to the outside world, local media reported.

In June, the investment from Japan, South Korea, Thailand, Singapore, Malaysia and China’s Hong Kong mainly flew into such sectors as manufacturing, transport and communication, livestock and breeding as well as agriculture.

For the first half of 2014, foreign investment was mostly injected into the sector of transport and communication, totaling some $1.1 billion.

Among the 36 countries and regions that had invested in Myanmar from 1988 to June 2014, China ranked the first with over $14.25 billion, followed by Thailand with $10.11 billion and Hong Kong with $6.54 billion.

In terms of sector, electric power had received the largest amount of foreign investment of $19.28 billion, followed by oil and gas with $14.37 billion and manufacturing with $4.12 billion.

Myanmar promulgated a new foreign investment law in November 2012 to replace the over-two-decade-old 1988 similar law and reformed its investment commission in June this year as part of its efforts to draw more foreign investment into the country in line with its reform strategy.



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Myanmar attracted $176 million in foreign investment last month, bringing the nation 's total contracted foreign investment to $46.71 billion as of June 2014 since the 1990s when Myanmar started to open its door to the outside world, local media reported. In June, the investment from Japan, South Korea, Thailand, Singapore, Malaysia and China's Hong Kong mainly flew into such sectors as manufacturing, transport and communication, livestock and breeding as well as agriculture. For the first half of 2014, foreign investment was mostly injected into the sector of transport and communication, totaling some $1.1 billion. Among the 36 countries and...

YangonMyanmar attracted $176 million in foreign investment last month, bringing the nation ‘s total contracted foreign investment to $46.71 billion as of June 2014 since the 1990s when Myanmar started to open its door to the outside world, local media reported.

In June, the investment from Japan, South Korea, Thailand, Singapore, Malaysia and China’s Hong Kong mainly flew into such sectors as manufacturing, transport and communication, livestock and breeding as well as agriculture.

For the first half of 2014, foreign investment was mostly injected into the sector of transport and communication, totaling some $1.1 billion.

Among the 36 countries and regions that had invested in Myanmar from 1988 to June 2014, China ranked the first with over $14.25 billion, followed by Thailand with $10.11 billion and Hong Kong with $6.54 billion.

In terms of sector, electric power had received the largest amount of foreign investment of $19.28 billion, followed by oil and gas with $14.37 billion and manufacturing with $4.12 billion.

Myanmar promulgated a new foreign investment law in November 2012 to replace the over-two-decade-old 1988 similar law and reformed its investment commission in June this year as part of its efforts to draw more foreign investment into the country in line with its reform strategy.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00