Japan leads FDI list

Writer: 
Nilar

 

From April to June this year, Japan topped the list of foreign direct investments with more than US$ 85 million, according to Directorate of Investment and Companies Administration (DICA).

During three months, Japan stood first with US$ 85.157 million, China, second, with US$ 75.335 million, and the US, third with nearly US$ 56 million.

During the four months of minibudget period, the FDI granted by Myanmar Investment Commission (MIC) reached nearly US$ 830 million.

Than Aung Kyaw, deputy director-general of the DICA said: “The inflow of actual investments into the country amounted to US$ up to 1,200 million. We need to monitor whether the FID inflow will hit its goal of reaching US$ three billion based on the Myanmar Companies Law.”

During the six-month minibudget period, the inflow of FDI is expected to hit US$ three billion. But the FDI inflow is difficult to meet its goal. It needs to monitor the inflow of FDI after August, according to the MIC.