Myanmar attracts over US$1.64bil in FDI for 2022-23 fiscal year


YANGON, April 9 (Xinhua): Myanmar attracted more than US$1.64 billion in foreign direct investment (FDI) in the 2022-23 fiscal year, according to figures released by the Directorate of Investment and Company Administration (DICA) on Saturday.

The country's 2022-23 fiscal year started on April 1 last year and ended on March 31 this year.

During the period, the Myanmar Investment Commission (MIC) approved 87 foreign investment enterprises.

During the fiscal year, the power sector attracted the most foreign investment, with over US$820.27 million followed by the services sector with over US$504.12 million and the manufacturing sector with over US$271.8 million.

Singapore, China and Thailand are the largest investors in Myanmar.- Xinhua

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Myanmar , FDI , Good Numbers

   

Next In Aseanplus News

Indonesia's presumed president Prabowo awarded highest military honour
Perak sets up panel to drive growth along West Coast Expressway
Over 147,000 Thais register for debt relief programme
Doctor walkout shifts more duties to nurses
Eyeing smooth flow of taps
Dam spells Luang Prabang’s doom
Mission to safeguard democracy
Stepping up support for singles via cheaper co-living units
About 100 space launches expected this year, setting new record
Fukushima wastewater set for fourth ocean discharge

Others Also Read