The flow of foreign direct investment (FDI) into Myanmar has increased for the first time after a decline for the last two years, according to Myanmar Investment Commission (MIC).
This is the first increase in FDI since Daw Aung San Suu Kyi came to power in 2016.
From October 1, 2018 to March 15, 2019, Myanmar received US$1.9 billion in approved FDI. During October 2017 to mid-March 2018, the country received $1.3 billion for over 80 projects.
At the end of 2018, Myanmar is tuning up efforts to draw investments by announcing Myanmar Investment Promotion Plan and establishing a new ministry, the Ministry of Investment and Foreign Economic Relations with the objective of raising local and foreign investments and creating opportunities for entrepreneurs.