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24 April 2019

President U Win Myint recently mentioned in his speech that during 3 fiscal years, foreign direct investment to Myanmar reach USD 15.99 billion.

“From the fiscal year 2016-17 to 2018-2019, during 3 fiscal years, Myanmar Investment Commission approved foreign investment from 22 countries, 584 businesses, raking in USD 15.99 billion in total.

MIC also reviewed and approved local investors of 359 businesses, drawing Kyats 7330.94 billion.

According to the Asian Development Outlook 2019 forecast, Myanmar’s economy projects to grow by 6.6 percent in 2019 and by 6.8 percent in 2020. Last year, Myanmar’s g