Foreign Investment 

 

            Since the law has been promulgated, and up to the end of October 1999, a total of 322 foreign investment projects in 11 economic sectors have been committted by foreign investors from 24 countries and regions around the world, with the total amount of US$ 7154.404 million. Detail information of foreign investment by economic sectors and by country and region is presented in tables repectively.

 

            Among the five leading investors in Myanmar, there are three ASEAN countries namely, Singapore, Thailand and Malaysia. At present, five ASEAN countries are investing in Myanmar and up to the end of October 1999, the ASEAN countries have committed US$ 3729.232 million in 151 projects, realizing 52.12 percent of the total permitted amount of foreign investment during the same period.

 

 

Foreign Investment of Permitted Enterprises up to 31-12-98

(by Sector)

                                                                                                                                         (US$ in million)

Sr.No.

Sector

Permitted Enterprises

No.

Approved Amount

1

Oil and Gas

46

2303.123

2

Manufacturing

123

1492.308

3

Hotel and Tourism

41

1042.411

4

Real Estate

18

997.140

5

Mining

49

522.246

6

Livestock and Fisheries

20

283.372

7

Transports and Communication

13

275.387

8

Industrial Estate

3

193.113

9

Construction

1

17.267

10

Agriculture

3

14.351

11

Other Services

5

13.686

 

322

7154.404

 

 

 

Foreign Investment of Permitted Enterprises up to 31-10-99

(by Country and Region)

                                                                                                                                         (US$ in million)

Sr.No.

Sector

Permitted Enterprises

No.

Approved Amount

1

Singapore

68

1504.146

2

United Kindom *

34

1371.723

3

Thailand

46

1252.453

4

Malaysia

25

587.169

5

U.S.A

16

582.065

6

France

3

470.370

7

The Netherlands

5

238.835

8

Indonesia

10

238.797

9

Japan

22

232.880

10

Philippines

2

146.667

11

Hong Kong

22

131.851

12

Republic of Korea

21

102.388

13

Australia

14

82.080

14

Austria

2

72.500

15

Canada

12

37.831

16

Peoples Republic of China

11

31.921

17

Panama

1

29.101

18

Germany

1

15.000

19

Denmark

1

13.370

20

India

1

4.500

21

Bangladesh

2

2.957

22

Israel

1

2.400

23

Macau

1

2.400

24

Sri Lanka

1

1.000

 

322

7154.404

* Inclusive of enterprises incorporated in British Virgin Islands, Bermuda Islands and Cayman Islands

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Prepared by THAN TUN WIN, Embassy of the Union of Myanmar , Brussels