Myanmar’s Manufacturing Sector Attracts over 1.5 Bln USD of Foreign Investment in 9 Months


YANGON, Jan. 19 (Xinhua) — Myanmar’s manufacturing sector attracted 1.55 billion U.S. dollars of foreign direct investment (FDI) in the first nine months of present fiscal year 2017-2018, according to the Directorate of Investment and Company Administration (DICA) Friday.

It was followed by real estate sector with 1.06 billion U.S. dollars and other service sectors with 804 million U.S. dollars as of December last year.

FDI also entered the country’s other sectors including transport and communication, power, hotel and tourism, agriculture and others.

In accordance with the statistics from the DICA, a total of 4.784 billion U.S. dollars’ FDI flew into the country so far in present FY 2017-2018.

In last FY 2016-2017, the country attracted over 6.8 billion U.S. dollars foreign investment with the transport and communication sector topping with 3.08 billion U.S. dollars.

The country targets over 6 billion U.S. dollars of FDI in this FY 2017-18.

Foreign investment totaled 75.09 billion dollars as of December last year since late 1988.

China topped the list of foreign investors in Myanmar, followed by Singapore and Thailand.


Source: The XinhuaNet


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