Myanmar foreign investment almost $800m in 9 months

Monday, 11 February 2013 14:28 Khin Myo Thwe

Garment factory workers in Yangon. Photo: myanmargarment.net

Myanmar received US$794 million in foreign investment over nine months of the 2012-2013 fiscal year, according to an announcement from the Myanmar Investment Commission.

“$794.345 million was invested in various sectors of business in Myanmar from April 1 to December 31 of this fiscal year,” said U Kyaw Zaw Maung, the director of Directorate of Investment and Company Administration under the Ministry of National Planning and Economic Development.

Sixty-two foreign companies were recorded as investing in a variety of industries from clothing and seed production to IT and electronic engineering.

Source : http://www.mizzima.com/business/8887-myanmar-foreign-investment-almost-800m-in-9-months.html