The republic of the union of myanmar pyidaungsu hluttaw. The myanmar government and the international business community have a great opportunity to bring about much needed changes to myanmar through investment and development. Directorate of investment and company administration. Given continued inflows since the start of the new year, the growth in investment has exceeded 100% yearoveryear. Jul 03, 2012 the second is that myanmar lacks the technical skills required for any form of modern economic activity. Foreign direct investment fdi is an integral part of an open and effective international economic system and a major catalyst to development.
The services sector, in particular, is ripe for investment and offers low hanging fruit that could provide a quick. Company list myanmar foreign investment tracking project. Foreign direct investment in myanmar is expected to be 487. Myanmar investment guide 2018 directorate of investment. The directorate of investment and company administration dica has issued a consultation draft of the rules under the myanmar investment law 2016 mil.
This paper presents a picture of the countrys trade and foreign direct investment fdi patterns in the past two decades and an introductory survey of selected policies that affect myanmars trade and fdi potential within its new political and macroeconomic framework. A foreign investor wishing to invest in myanmar under the foreign investment law must apply to the myanmar investment commission in the prescribed form for a permit, for the commissions permission to undertake the proposed investment. Foreign companies are showing interest in myanmars geostrategic location, abundant natural resources and youthful population. Myanmar highly appreciates foreign direct investment fdi as a key solution reducing the development gap with leading asean countries. Pdf the effect of myanmars foreign investment policies. The information in this book give insights into the business opportunities that exit in myanmar and the practical steps that need to be taken to bring them to fruition. Apr 23, 2018 the myanmar investment commission mic has permitted foreigners to make full capital investments in private schools in myanmar, according to notification 72018 issued by the mic on april 20. Adoption of marketoriented system for the allocation of resources encouragement of private investment and entrepreneurial activity.
Chinese foreign direct investment in myanmar burma library. Foreign direct investment fdi is a category of crossborder investment in which. In the longterm, the myanmar foreign direct investment is. How foreign direct investment promotes development iberglobal. Approved amount of foreign direct investment by sector 2003 2014 15. An analysis of panel data across asean member countries.
This page provides the latest reported value for myanmar foreign direct investment plus. This means foreigners will now be able to fully own and operate private schools teaching a curriculum prescribed by the ministry of education moe or an. Alternatively, the permit may simply not be renewed at the end of the relevant twoyear period. The nations neighboring myanmar are bangladesh, china, india, laos and thailand. The investment challenges in a context where the economy is still dominated by the interests of the military and their connected crony businessmen are obvious.
Myanmar will look to foreign investors to transfer such skills as part of the foreign investment process. Foreign investment by country directorate of investment. Foreign investment in myanmar yvonne wong consulting. Freelance researcher freelance researcher and writer myanmar engineering society mes, 3f, hlaing universities campus march 15, 2014 kgumarced the 1st international conference on development alternatives kumamoto gakuen. Republic of the union of myanmar directorate of investment and company administration dica longterm foreign direct investment. Pdf the role of foreign direct investment fdi in myanmar. Foreign investment overview for myanmar myanmar 2016.
Foreign direct investment relations between myanmar and asean. This page provides values for foreign direct investment reported in several countries part of g20. The first two case studies in her book are the myitsone dam and the. Yangon foreign direct investment is crucial to aung san suu kyis plans to build a flourishing and dynamic economy in a country that has. Myanmar highly appreciates foreign direct investment fdi as a key solution. Myanmar promulgated the long anticipated new foreign investment law the new fil when president u thein sein signed the bill on 2 november 2012.
The table has current values for foreign direct investment, previous releases, historical highs and record lows, release frequency, reported unit and currency plus links to historical data charts. The objective of the study is to examine the role of foreign direct investment fdi and the situation of fdi flows in myanmar. Organization for economic cooperation and development countries. Currently, foreign investment in myanmar is concentrated in oil and gas, minerals and power. Title foreign direct investment relations between myanmar. Oecds dissemination platform for all published content books, serials and. The directorate of investment and company administration dica is in charge of handling company registrations for local and foreign businesses under the myanmar companies law. On the one hand, the countrys recent inflow of foreign investment and the governments economic reforms seem to promise great growth for the impoverished southeast asian nation. Foreign direct investment in myanmar increased by 734. Looking forward, we estimate foreign direct investment in myanmar to stand at 280.
Dica also serves as a secretary to the myanmar investment commission mic, which is the responsible body for investment applications. In particular, the new fil provides for more flexible shareholding ratios for joint ventures between local and foreign. Trade, foreign investment and myanmar s economic development during the transition to an open economy. Yet, the benefits of fdi do not accrue automatically and evenly across countries, sectors and local communities. Foreign direct investment in myanmar healy consultants. Trade, foreign investment and myanmar s economic development during the transition to an open economy article pdf available january 2007 with 2,384 reads how we measure reads. The study was based on secondary data source of myanmar over the. Pdf recently, myanmars ministry of commerce announced that the country. The new fil makes some significant changes to the previous version of the law which was passed in 1988 the old fil. Myanmar investment guide 2018 directorate of investment and company administration. As it modernizes and liberalizes its economy, myanmar offers opportunities for investors, both foreign and domestic, in virtually all sectors. Myanmars new foreign investment law 3 o if the mic decides to evaluate an investment proposal, it must approve or reject that proposal within 90 days from the date the mic accepted the proposal for evaluation i.
Foreign direct investment and economic transformation in myanmar 2 ii. Myanmar foreign direct investment 20122019 data 2020. Foreign direct investment fdi is argued to play a pivotal role in accelerating economic growth eg of a host country especially in developing and. Considered by many to be one of the last economic frontiers, myanmar has been the object of investor interest for the past three years.
Support labour circulation to enable skilled and experienced employees of foreign firms in myanmar to set up their own enterprises, via mechanisms to assist access to finance and land. The land and revenue act 1879 provides the landholder permanent, heritable and transferable rights of use and occupancy. Foreign direct investment in myanmar by country 2000 2014 14 2. Myanmar update on foreign investment baker mckenzie. Property tenureownership main features of land holding constitution 2008 guarantees that the union of myanmar union shall permit citizens the right of private property and inheritance, in accordance with the law. Ministry of investment and foreign economic relations mifer. Investment promotion and facilitation in myanmar chapter 5. Jul 31, 2019 this statistic shows the value of foreign direct investment fdi net inflows in myanmar from 20 to 2018. Fdi foreign direct investment, prc peoples republic of china. Sectors prohibited to foreign investors in myanmar. The words and expressions in this law shall mean as designated hereundera the state means the republic of the union of myanmar. A focus on following international best business practices and reducing the informal economy, paired with an annual gdp growth forecast at around 6% in the coming years, is setting myanmar on a path to catch up with some regional peers. Myanmar, is a southeast asian nation comprised of 100 plus ethnic groups.
This law shall be called the foreign investment law. It was the first decline in international inflows since the 201220 fiscal year. Pdf trade, foreign investment and myanmars economic. Do you know ratio of foreign direct investment in myanmar and opportunity in several sectors.
The effect of myanmars foreign investment policies on fdi inflows. Nov 24, 2014 company list myanmar foreign investment tracking project author. Myanmars foreign direct investment rush recedes financial. Update on foreign investment in the last week, two important matters have occurred which are relevant to foreign investment in myanmar. Foreign direct investment in myanmar myanmar has opened its doors for fdi in 1988 subsequently the enactment. Foreign direct investment policy myanmars foreign direct investment policy is a component of the overall restructuring and development policy of the government. Myanmar is still a highrisk country, requiring a rigorous responsible investment strategy. Foreign investment by country directorate of investment and. The centre has published a ppp book containing a list of the countrys. Regulation and protection of investment in myanmar chapter 4.