Thailand
Myanmar: FDI surpasses $5 billion; yet to meet the FDI target
Myanmar Investment Commission has approved over $ 5.15 billion of foreign direct investment as of September 4 since the beginning of the 2019-2020 fiscal year.
Over $3.94 billion came from 234 investment proposals while the rest came from investment expansion from the existing foreign investments.
As for local investment, the commission has approved over $412.2 million and K1,851 billion while $266.27 million and K1,506 billion came from 123 new investments and the rest from investment expansion.
Under the Special Economic Zone Law, the country also approved $160.787 million in investments into the special economic zones.
The Myanmar Investment Commission has set the target foreign direct investment at $5.8 billion this fiscal year, which will end by the end of September.
U Thaung Tun, Union Minister of the Ministry of Investment and Foreign Economic Relations, who is also the president of MIC, said earlier that Myanmar is trying to meet the foreign direct investment target for this fiscal year.
Source: https://mmbiztoday.com/fdi-surpasses-5-billion-yet-to-meet-the-fdi-target/