Capital goods import volume has reached more than US$ 3.7 billion within eight months in the current fiscal year, decreasing by more than US$ 660 million compared with the same period of the previous year, according to the current statistics of the Ministry of Commerce.

Capital goods import volume reached US$ 3.721 billion within eight months from October 1 to May 24 of 2018-2019 FY.

Capital goods import volume reached US$ 4.382 billion in the same period of last year. In comparison with the current capital goods import volume, it decreased by US$ 661.028 million.

The total capital goods import volume reached more than US$ 1 billion from October 1 to April 26 in 2018-2019 FY, according to the Ministry of Commerce.

Foreign investment volume reached more than US$ 2.547 billion from October to May in 2018-2019 FY, up more than US$ 718 million.

Myanmar is in process of implementing Myanmar investment promotion project that will last for 20 years with the hope of becoming the middle-income country in 2030.

Myanmar expects that responsible foreign investment volume would reach more than US$ 220 billion within two decades.

 Myanmar investment promotion project will be carried out with short-term period, medium-term period and long-term period. The short-term period will be from 2016-2017 FY to 2020-2021 FY, the medium-term from 2021-2022 FY to 2025-2026 FY and the long-term from 2026-2027 FY to 2035-2036 FY.

Translated and Edited by Win Htut