Myanmar's FDI inflow down over 52 pct in April-May-Xinhua

Myanmar's FDI inflow down over 52 pct in April-May

Source: Xinhua

Editor: huaxia

2023-06-15 19:12:17

YANGON, June 15 (Xinhua) -- Foreign direct investment (FDI) that flowed into Myanmar went down over 52 percent year on year to more than 10.22 million U.S. dollars during April and May this year, according to the Directorate of Investment and Company Administration (DICA) on Wednesday.

The Southeast Asian country attracted more than 21.32 million dollars in the April-May period last year, the DICA's figures showed.

Myanmar attracted 3.738 million dollars in April and 6.484 million dollars in May this year, as compared to 5.997 million dollars in April and 15.332 million dollars in May last year, the figures showed.

The Myanmar Investment Commission approved one foreign investment enterprise in April and four foreign investment enterprises in May this year. The FDI flowed into the country's manufacturing and agriculture sectors, the DICA said.

Myanmar attracted more than 1.64 billion dollars in foreign direct investment in the 2022-23 fiscal year. Singapore, China and Thailand were the largest investors in the country during the period, official figures showed.