YANGON, Aug. 14 (Xinhua) -- Foreign direct investment (FDI) that flowed into Myanmar plunged over 61 percent year-on-year to more than 467 million U.S. dollars in the first four months of the 2023-24 fiscal year, according to the Directorate of Investment and Company Administration (DICA) on Monday.
The Southeast Asian country attracted more than 1.22 billion dollars in the same period of the previous FY 2022-23, the DICA's figures showed.
Foreign investors who made investments in Myanmar during the four-month period included China, India, South Korea, Samoa, Singapore, Britain and the United States, according to the DICA.
During the period, power sector attracted most foreign investment with capital of over 317 million dollars, followed by transport and communications sector with over 77 million dollars and manufacturing sector with over 48 million dollars, showed the DICA data.
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 data showed. ■
