Categorized | Business

China Is The Largest Foreign Investor in Myanmar

Yangon,Myanmar: China is the largest foreign investor in Myanmar according to the latest foreign investment statistics. China invested $13.9 million USD to date.  This represented a total investment of 34.50% percent of the total investment made by all foreign countries in Myanmar.

In total, 33 companies from China are heavily investing into Myanmar representing over $13.9 million USD.  Just behind China,Thailand is in the No. 2 spot by investing $9.6 million USD and Hong Kong in No. 3 position by $6.3 million USD.  There were total 61 companies from Thailand and 38 from Hong Kong.

Top 10 investors of Myanmarare: China, Thailand, Hong Kong, South Korea, England, Singapore, Malaysia, France, America and Indonesia, according to the Weekly Eleven News Journal in Myanmar. “We expect that there will be more foreign investors in the future.  We have got a great interest from neighboring countries now.  Malaysia is also now very interested in investing in our country especially in the infrastructure projects such as highways, airports, production businesses and some other development projects.  South Korea is investing in Myanmar and is rated at No. 7 position” mentioned by Dr. Maung Maung Lay, vice chairman of  The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI).

Among the investments, energy sector is the main interest among investors holding $18.8 million USD of  investments.  Petroleum and natural gas sector is second most interested sector and it holds $13.8 million USD.  Mineral resource market represents $2.7 million USD.  The production sector holds No.4 spot with $1.7 million USD.  Tourism sector is in No.5 spot with $1,1 million USD.  Investments in real estate sector are growing by foreign investors and holds $1.1 million USD. Lastly, transportation and telecommunication markets in Myanmar are placed at No.8 with $313 million USD invested.

Posted on 25 June 2012

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