Monday, February 11, 2013

Myanmar foreign investment almost $800m in 9 months

Monday, 11 February 2013 14:28 Khin Myo Thwe

Garment factory workers in Yangon. Photo:

Myanmar received US$794 million in foreign investment over nine months of the 2012-2013 fiscal year, according to an announcement from the Myanmar Investment Commission.

“$794.345 million was invested in various sectors of business in Myanmar from April 1 to December 31 of this fiscal year,” said U Kyaw Zaw Maung, the director of Directorate of Investment and Company Administration under the Ministry of National Planning and Economic Development.

Sixty-two foreign companies were recorded as investing in a variety of industries from clothing and seed production to IT and electronic engineering.
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