Myanmar attracts US$43M FDI from China in Apr-Oct

Myanmar drew more than US$43 million from China in the past seven months of the current financial year 2024-2025, beginning 1 April, including an expansion of the capital by the existing enterprises, as indicated by a statistics release of the Directorate of Investment and Company Administration (DICA).
Chinese companies primarily made investments in the manufacturing sector.
Singapore is the leading foreign investor in Myanmar, with $87.74 million of FDI in the past seven months of the current FY, followed by Thailand and China.
The Myanmar Investment Commission gave the green light to 33 foreign projects from seven countries (China, Chinese Taipei, Hong Kong SAR, India, Indonesia, Singapore and Thailand) to make investments of over $220 million in the past seven months, adding increased capital by the existing enterprises from China, Chinese Taipei, Hong Kong SAR, India, Republic of Korea, Japan, Seychelles. MIC prioritizes manufacturing enterprises that need a large labour force to create jobs for locals.
The Transport and Communication sector pulled $87.7 million with the capital expansion of $82.66 million this FY. The manufacturing sector drew over $84 million, and the services sector received $44 million. The power sector brought in FDI of $8.5 million, while investments of less than one million flowed into the agriculture sector, respectively. The livestock and fisheries sector witnessed a $1 million increase in capital from existing enterprises. — KK