FDIs in Myanmar surpass US$651 mln in 2023-24FY

According to the Directorate of Investment and Company Administration (DICA), a total of 63 foreign investments, amounting to US$651.9 million, were recorded in the 2023-24 financial year. The majority of these investments were in the industries and electricity sectors.
China and Thailand were the main contributors to foreign investments, with most investments coming from these countries. In the same financial year, there were 69 Myanmar citizen-owned investments worth K1,287.3 billion, surpassing the anticipated K990 billion.
In the 2022-23 financial year, Myanmar received over $1.64 billion in foreign direct investments, primarily from Singapore, China, and Thailand, as per the statistics. — TWA/TMT

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