With investment inflow from China and Singapore doubling, foreign investment in Myanmar is showing signs of recovery. In value terms, Chinese and Hong Kong investment in Myanmar grew 150% to $590 million.
Approved foreign investments rose 79% on the year for the six months ended in June, totalling $2.35 billion, according to Myanmar’s Directorate of Investment and Company Administration. The rebound looks likely to last throughout 2019.
In terms of sectors, manufacturing, transport, and infrastructure saw heartening growth as well, with foreign investment in Myanmar’s manufacturing sector rising about 60% to $700 million. Investment in transportation and telecommunications also quadrupled to $1 billion as the government approved a number of infrastructure projects.