Myanmar investment reaches new heights

Suzuki-Motor-Corp-car-factoryMyanmar received a total of $731 million in foreign investment in August 2013, pumping up the total investment in the country to $43 billion, according to the Directorate of Investment and Company Administration. The new investments came from China, Hong Kong, South Korea, Singapore, Malaysia and Japan.

As at August 31, the total investment of China in Myanmar reached $14.189 billion, of Hong Kong $6.446 billion, of South Korea $3.037 billion, of Singapore $2.436 billion, of Malaysia $1.625 billion and of Japan S$274 million.

The Myanmar government has approved a total of 21 new foreign businesses during August including manufacturing plants, automobile assembly lines and garment factories. The majority of the new investments are manufacturing businesses.

The manufacturing sector has received the lion’s share of foreign investments since the start of 2013. In the past, the vast majority of foreign investments were mainly poured in the oil and gas and power projects, the directorate said.

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Myanmar received a total of $731 million in foreign investment in August 2013, pumping up the total investment in the country to $43 billion, according to the Directorate of Investment and Company Administration. The new investments came from China, Hong Kong, South Korea, Singapore, Malaysia and Japan. As at August 31, the total investment of China in Myanmar reached $14.189 billion, of Hong Kong $6.446 billion, of South Korea $3.037 billion, of Singapore $2.436 billion, of Malaysia $1.625 billion and of Japan S$274 million. The Myanmar government has approved a total of 21 new foreign businesses during August including manufacturing...

Suzuki-Motor-Corp-car-factoryMyanmar received a total of $731 million in foreign investment in August 2013, pumping up the total investment in the country to $43 billion, according to the Directorate of Investment and Company Administration. The new investments came from China, Hong Kong, South Korea, Singapore, Malaysia and Japan.

As at August 31, the total investment of China in Myanmar reached $14.189 billion, of Hong Kong $6.446 billion, of South Korea $3.037 billion, of Singapore $2.436 billion, of Malaysia $1.625 billion and of Japan S$274 million.

The Myanmar government has approved a total of 21 new foreign businesses during August including manufacturing plants, automobile assembly lines and garment factories. The majority of the new investments are manufacturing businesses.

The manufacturing sector has received the lion’s share of foreign investments since the start of 2013. In the past, the vast majority of foreign investments were mainly poured in the oil and gas and power projects, the directorate said.

MY1

My2

 



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

 

 

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