Foreign Investment volume reached more than USD $ 4,100 million in twelve business fields in Myanmar which is still needed to meet the intended target

Foreign investment volume reached more than US$ 4,100 million in 12 business fields in Myanmar, but about US$ 1700 million is still needed to meet the intended target, said a source from Myanmar Investment Commission.
From October 1 to September 5 of 2018-2019 FY, Myanmar Investment Commission approved 252 businesses of foreign investment with the investment volume of US$ 2,550. 773 million. According to the increased investment, the foreign investment volume reached US$ 3,876. 352 million
From October 1 to September 5 of 2018-2019 FY, foreign investment volume of US$ 223.680 million including increased one was permitted   according to the special economic zone law and the foreign investment volume totalled US$ 4,100.032 million.
During 2018-2019 FY, it was expected that the foreign investment volume would flow until US$ 5,800 million, but the foreign investment volume has reached only more than US$ 4,100 million about 25 days to expire the end of the fiscal year and therefore US$ 1,700 million is still needed to meet the intended target.
With the aim of boosting foreign investment volume in Myanmar, Myanmar Investment Commission in partnership with the JICA drew up a plan of promoting foreign investment in 2013 and it has started implementation in 2014. The MIC and the JICA amended to the foreign investment promotion project and drafted it again.  
The investment targets calculated depending upon base cases of the MIC indicated that the foreign investment volume would reach US$ 5.8 billion every year from the short-term period of from 2016-2017 to 2020-2021 FY, US$ 8.5 billion every year from the short-term period of from 2021-2022 to 2025-2026 FY, US$ 12.3 billion every year from the short-term period of from 2026-2027 to 2030-2031 FY, US$ 17.6 billion every year from the short-term period of from 2030-2031 to 2035-2036 FY.

(Eleven Media Group: https://elevenmyanmar.com/news/foreign-investment-volume-reaches-more-than-us-4100-million-in-12-business-fields-in-myanmar )

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