Till July, 2018-19 fiscal year, the inflow of FDI into the farming sector amounted to over 19 million US dollars even though 50 countries invested over 3,500 million US dollars in the country, according to the Directorate of Investment and Company Administration. 

During this period, the total FDI hit 3,526.215 million US dollars where the farming sector accounts for 19.020 million US dollars. 

The transport and communication sector topped the list of FDI with 1538.400 million US dollars, followed by the manufacturing sector, with 1140.569 million US dollars, other sector with 366.872 million US dollars. 

Thaung Tun, chair of Myanmar Investment Commission (MIC) said: “In the first quarter of this year, the inflow of FDI into  the transport and communication sector reached one billion US dollars or a fourfold increase. The FDI in the manufacturing sector hit 700 million US dollars or a 60-per-cent increase. We expect to create more job opportunities through the inflow of more FDI into all investment sectors.”

“Nine months ago, the ministry carried out the policy reforms in order to encourage the inflow of new investments into the infrastructure, services, transport and production sectors. The economic growth rate is expected to hit 6.8 per cent in 2020 as more local and foreign investors are becoming interested in it, said Union Minister for Investment and Foreign Economic Relations Thaung Tun, at Myanmar-Japan-US Investment Forum.

The inflow of FDI is expected to reach over 220 billion US dollar in next 20 years. The inflow of more responsible FDI is expected.