The volume of investment goods import reached nearly USD $ 290 million within two weeks of current fiscal year which downed USD $ 50 million when compared to the same period of last year

Investment goods import volume reached nearly US$ 290 million within two weeks of current fiscal year, down US$ 50 million compared with the same period of the same year, according to the official statistics of the Ministry of Commerce.

From October 1 to 18 in 2019-2020 FY, investment goods import volume reached nearly US$ 289.361 million. The investment goods import volume reached US$ 340.321 million.

The investment goods import volume downed US$ 50.960 million compared to the same period of last year.

From 1988 to July of 2019, there were 1,779 investment businesses and 50 countries made investments in 12 economic sectors. Investment volume reached US$ 81.249 billion and Singapore stood at the top of the foreign investment table, followed by China and Thailand.

The investment volume in oil and gas sector accounted for 27.59%, electricity sector for 26.07 % and manufacturing sector for 13.94 %.

Myanmar investment promotion project includes five-year of short term (2016-2017 FY to 2020-2021 FY), five-year of medium term (2021-2022 FY to 2025-2026 FY) and ten-year of long term (2026-2027 FY to 2035-2036 FY).

Translated and Edited by Win Htut

(Eleven Media Group: https://elevenmyanmar.com/news/investment-goods-import-volume-reaches-nearly-us-290-million-within-two-weeks-of-current-fy )

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