China stands No. 1 investment partner in Myanmar’s FDIs: DICA

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NP News – Mar 23

The deputy-director general of the Directorate of Investment and Company Administration (DICA) mentioned that China is No. 1 partner for Myanmar in the country’s Foreign Direct Investment.

The deputy-director general Min Zaw Oo addressed it during China (Chongqing region/Bishan District) – Myanmar Business Cooperation Introduction that was convened yesterday (March 22) at Yangon’s Lotte Hotel.

There are almost 600 Chinese companies investing in Myanmar; most are industrial production enterprises.

“China is the second largest investors for Myanmar in an aspect of direct investment. There are a total of 583 investments from China companies officially allowed to operate. Among those 583 companies, a total of 524 are operating the industrial sector which means 90 percent are the industrial and manufacturing,” the deputy-director general of the DICA, Min Zaw Oo, said.

In fact, China is the second largest investor in Myanmar as per the statistics of the direct investments, he said.

However, there are other investments that come into Myanmar indirectly and through other paths from China. The China trade route to Myanmar comes via other countries sometimes including Hong Kong and Singapore. Therefore, China is said to be number one foreign investor in Myanmar, according to Min Zaw Oo.

He continued, “In fact, China can be said Myanmar’s number one foreign investment partner because apart from direct investments from China, there are other trade routes from China products and businesses to Myanmar, which sometimes, come from other countries like Hong Kong and Singapore. So, we can say China is the number one foreign investor in Myanmar.”

According to statistics from the DICA, China investments in Myanmar was 21.7b USD as of February 2023.


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