Optimism on Myanmar’s potential for international investment
The Secretary General of the ASEAN-Korea Centre said that political stability and reform-oriented new government will open Myanmar up to international investment. He also said that Myanmar, with a large population and a strategic location in a dynamic region, has great potential for development, that Korean companies are interested to expand their business relationship with Myanmar and that political development towards further stability will fuel economic growth and foreign investment. The Centre predicted, in its press release, that the launch of the ASEAN Economic Community (AEC )will herald a new wave of infrastructure projects in Myanmar, including rail and highways across the country. Despite the importance of the infrastructure and energy sectors in Myanmar at this juncture in time before the new government comes to power, Korean companies are said to be also willing to invest in manufacturing and services sectors.
According to the data from the Directorate of Investment and Company Registration(DICA) , total Foreign Direct Investment(FDI) in Myanmar reached US$58.19 billion in 2015.
18 January 2016