Manufacturing sector tops Myanmar’ foreign investment in Q1

Manufacturing sector topped Myanmar’s foreign direct investment (FDI) with over 637 million US dollars in the first three months of the present fiscal year 2017-2018, which began in April, official media reported yesterday.

During the first quarter period as of June 30 of the fiscal year, it saw a total of over 1.9 billion US dollars’ foreign investment, followed by real estate sector with 569 million US dollars and others, reports Xinhua.

According to the figures of the Directorate of Investment and Company Administration (DICA), total FDI in the country hit over 72 billion US dollars since late 1988, with oil and gas sector standing atop with 22.4 billion US dollars, followed by Energy with 20.5 billion US dollars, manufacturing with 8.3 billion US dollars, transport and communication with 8.2 billion US dollars and real estate with 4.3 billion US dollars.

A total of 8 billion US dollars FDI flew into other sectors - mining, hotel and tourism, livestock and fisheries, agriculture, industrial estate, construction and other services.

In last FY 2016-2017, total annual FDI in the country amounted over 6.8 billion US dollars.

Manufacturing sector tops Myanmar foreign investment in Q1

Manufacturing sector topped Myanmars foreign direct investment (FDI) with over 637 million US dollars in the first three months of the present fiscal year 2017-2018, which began in April, official media reported yesterday. During the first quarter period as of June 30 of the fiscal year, it saw a total of over 1.9 billion US dollars foreign investment, followed by real estate sector with 569 million US dollars and others, reports Xinhua. According to the figures of the Directorate of Investment and Company Administration (DICA), total FDI in the country hit over 72 billion US dollars since late 1988, with oil and gas sector standing atop with 22.4 billion US dollars, followed by Energy with 20.5 billion US dollars, manufacturing with 8.3 billion US dollars, transport and communication with 8.2 billion US dollars and real estate with 4.3 billion US dollars. A total of 8 billion US dollars FDI flew into other sectors - mining, hotel and tourism, livestock and fisheries, agriculture, industrial estate, construction and other services. In last FY 2016-2017, total annual FDI in the country amounted over 6.8 billion US dollars.