Financial authorities plan to release the figure of actual inflows from foreign direct investment businesses that have already secured investment permits on a quarterly basis, according to Aung Naing Oo, Secretary of the Myanmar Investment Commission (MIC), a government-appointed appraisal body for domestic and foreign investment proposals.
The foreign direct investment (FDI) value that have been permitted by the MIC during the first six months of the ongoing financial year hit more than $4 billion, while the actual FDI inflows in that period reached only $2.8 billion. The official statistics of the actual FDI inflows provided by the MIC and other government agencies such as the Central Statistical Organisation (CSO) will be available quarterly in accordance with the current practice, said Aung Naing Oo, who is also the director-general of the Directorate of Investment and Company Administration (DICA).
In the 2017-2018 budget year, Myanmar has attracted FDI inflows into agriculture, livestock and fishery, real estate, transport and communications, manufacturing, electric energy, industrial estate and hospitality sectors, and other service sectors. The investments came from a range of countries that included China, France, Germany, Hong Kong, India, Japan, Macao, South Korea, Singapore, Thailand, the Netherlands, the United Kingdom, the United States, Vietnam, Taiwan and New Zealand.
