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. 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. Adoption of marketoriented system for the allocation of resources encouragement of private investment and entrepreneurial activity. Jul 03, 2012 the second is that myanmar lacks the technical skills required for any form of modern economic activity. Given continued inflows since the start of the new year, the growth in investment has exceeded 100% yearoveryear.
Pdf recently, myanmars ministry of commerce announced that the country. 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. Update on foreign investment in the last week, two important matters have occurred which are relevant to foreign investment in myanmar. The directorate of investment and company administration dica has issued a consultation draft of the rules under the myanmar investment law 2016 mil. Longterm foreign direct investment promotion plan in myanmar. Foreign direct investment in myanmarfdi guide and opportunity. Myanmar investment guide 2018 directorate of investment and company administration.
Myanmar, is a southeast asian nation comprised of 100 plus ethnic groups. Use similar mechanisms to attract diaspora entrepreneurs back to myanmar. Currently, foreign investment in myanmar is concentrated in oil and gas, minerals and power. Pdf the effect of myanmars foreign investment policies. The land and revenue act 1879 provides the landholder permanent, heritable and transferable rights of use and occupancy.
Foreign investment by country directorate of investment and. Jul 31, 2019 this statistic shows the value of foreign direct investment fdi net inflows in myanmar from 20 to 2018. 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. 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. The objective of the study is to examine the role of foreign direct investment fdi and the situation of fdi flows in myanmar. As it modernizes and liberalizes its economy, myanmar offers opportunities for investors, both foreign and domestic, in virtually all sectors. Sectors prohibited to foreign investors in myanmar. 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. Foreign direct investment policy myanmars foreign direct investment policy is a component of the overall restructuring and development policy of the government. Myanmar promulgated the long anticipated new foreign investment law the new fil when president u thein sein signed the bill on 2 november 2012. Foreign investment by country directorate of investment. Yet, the benefits of fdi do not accrue automatically and evenly across countries, sectors and local communities. Foreign direct investment in myanmar is expected to be 487.
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 update on foreign investment baker mckenzie. Myanmar highly appreciates foreign direct investment fdi as a key solution reducing the development gap with leading asean countries. Republic of the union of myanmar directorate of investment and company administration dica longterm foreign direct investment. 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. Trade, foreign investment and myanmar s economic development during the transition to an open economy. Regulation and protection of investment in myanmar chapter 4. Foreign direct investment in myanmar myanmar has opened its doors for fdi in 1988 subsequently the enactment. Fdi foreign direct investment, prc peoples republic of china. Pdf the role of foreign direct investment fdi in myanmar. The myanmar government and the international business community have a great opportunity to bring about much needed changes to myanmar through investment and development. How foreign direct investment promotes development iberglobal.
Myanmar investment guide 2018 directorate of investment. The nations neighboring myanmar are bangladesh, china, india, laos and thailand. Do you know ratio of foreign direct investment in myanmar and opportunity in several sectors. Title foreign direct investment relations between myanmar. It was the first decline in international inflows since the 201220 fiscal year. In the longterm, the myanmar foreign direct investment is.
Considered by many to be one of the last economic frontiers, myanmar has been the object of investor interest for the past three years. Foreign direct investment fdi is an integral part of an open and effective international economic system and a major catalyst to development. In particular, the new fil provides for more flexible shareholding ratios for joint ventures between local and foreign. Foreign direct investment in myanmar healy consultants. 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. Foreign investment in myanmar yvonne wong consulting. Myanmar is still a highrisk country, requiring a rigorous responsible investment strategy.
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. May 12, 2016 since the countrys economic reforms launched in the last 34 years, and the lifting of most sanctions by western countries in 2012,official figures suggest a significant increase in foreign direct investment fdi into myanmar. 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. Myanmars foreign investment law was enacted in 1988 soon after the adoption of a marketoriented economic system to boost the flow of fdi into the country. The services sector, in particular, is ripe for investment and offers low hanging fruit that could provide a quick. The first two case studies in her book are the myitsone dam and the. Investment promotion and facilitation in myanmar chapter 5.
An analysis of panel data across asean member countries. This page provides values for foreign direct investment reported in several countries part of g20. Foreign direct investment fdi is a category of crossborder investment in which. Based on data for actual and approved foreign direct investment fdi from 19892011, this paper explores the major trends in fdi in myanmar, focusing on changes over time in the source and sector of investment. This page provides the latest reported value for myanmar foreign direct investment plus. Organization for economic cooperation and development countries. 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. Foreign companies are showing interest in myanmars geostrategic location, abundant natural resources and youthful population. The centre has published a ppp book containing a list of the countrys. Ministry of investment and foreign economic relations mifer. Myanmar will look to foreign investors to transfer such skills as part of the foreign investment process. Myanmar foreign direct investment 20122019 data 2020. Foreign direct investment in myanmar by country 2000 2014 14 2.
Company list myanmar foreign investment tracking project. Foreign direct investment relations between myanmar and asean. The republic of the union of myanmar pyidaungsu hluttaw. The words and expressions in this law shall mean as designated hereundera the state means the republic of the union of myanmar. Foreign direct investment and economic transformation in myanmar 2 ii. Pdf trade, foreign investment and myanmars economic. Foreign investment overview for myanmar myanmar 2016. Alternatively, the permit may simply not be renewed at the end of the relevant twoyear period.
Oecds dissemination platform for all published content books, serials and. 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 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. Directorate of investment and company administration. 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. Myanmars foreign direct investment rush recedes financial. 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. Myanmar highly appreciates foreign direct investment fdi as a key solution. The new fil makes some significant changes to the previous version of the law which was passed in 1988 the old fil. Foreign direct investment in myanmar increased by 734.
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