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