Myanmar permits 20 more investment enterprises

By：Xinhua Update：2017-05-04

Myanmar has permitted 20 more investment enterprises, creating 3,424 more job opportunities recently, the official Global New Light of Myanmar reported Thursday.

The 20 enterprises include 11 Myanmar enterprises, seven joint ventures and two foreign-owned enterprises, the Myanmar Investment Commission was quoted as saying.

Over 160 million U.S. dollars of investments of 17 enterprises entered Myanmar, creating 9,478 job opportunities in the first week of April, the start of Fiscal Year 2017-18.

In the last fiscal year, the country attracted over 6.8 billion dollars' foreign inflow with the transport and communication sector topping the investment with 3.08 billion dollars, followed by manufacturing with 1.18 billion dollars, power with 909.883 million dollars, real estate with 747.62 million dollars and hotel and tourist with 403.646 million dollars, according to figures of the Directorate of Investment and Company Administration.

The country is expecting over 6 billion dollars of foreign direct investment in Fiscal Year 2017-18.