THE Myanmar Investment Commission gave the goahead to four foreign projects from China, China (Taipei) and Nepal in October of the current mini-budget period and the capital of US$14.883 million were brought into the country, including expansion of capital by existing enterprises, according to the Directorate of Investment and Company Administration (DICA).
Those
enterprises are to execute in manufacturing and power sectors respectively.
The Ministry of
Investment and Foreign Economic Relations has been inviting responsible
businesses to benefit the country.
Myanmar
Investment Commission (MIC) ensures to approve the responsible businesses by
assessing environmental and social impacts. The commission is working together
with the relevant departments to screen the projects.
Next, the
COVID-19 surge and the political changes led to the drastic fell in FDI sector
compared with the previous years. Myanmar attracted foreign direct investment
of more than US$3.79 billion in the last financial year 2020-2021 from 48
enterprises.
KK/GNLM
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