Myanmar draws US$35M FDI from China in 5 months this FY
September 20, 2024

Myanmar attracted US$35.37 million in investment from China in the past five months of the current financial year 2024-2025 beginning 1 April, including an expansion of the capital by the existing enterprises, statistics released by the Directorate of Investment and Company Administration (DICA) indicated.
Myanmar Investment Commission gave the green light to 14 Chinese enterprises to invest in Myanmar from April to August. Chinese companies primarily made investments in labour-intensive manufacturing industries that can create a large number of jobs for locals.
Singapore is the leading investing country in Myanmar, pumping $87.74 million from two enterprises. Thailand stood as the second largest investor this FY, with an estimated capital of $44 million made by one enterprise. China is ranked third in the line-up.
Three enterprises from Indonesia and two from India, Chinese Taipei, the Republic of Korea, and Hong Kong SAR invested in Myanmar. The existing enterprises from China, Chinese Taipei, Hong Kong SAR, India, Japan, the Republic of Korea, Singapore, and the UK also increased investments.
Myanmar Investment Commission permitted 26 foreign projects from seven countries (China, Chinese Taipei, Hong Kong SAR, India, Indonesia, Singapore and Thailand) to make investments of $207.6 million in the past five months this FY 2024-2025, including expansions of capital by existing enterprises.
The Transport and Communications sector found capital expansion of $82.66 million. The manufacturing sector drew $75.6 million, and the services sector received $44 million. One enterprise put FDI of $3.7 million into the power sector, while one business made investments of less than US$ one million in the agriculture sector, respectively. — KK