According to the Yangon Region Investment Committee, a foreign investment of US$600,000 has been approved for the industrial sector in Yangon Region. The approved investment is purposed for a garment business being operated under the CMP (Cutting, Making and Packaging) system in Yangon Region.
As of the end of June 2024, Singapore, China, and Thailand are the top investors among 53 countries and regions that have invested in Myanmar.
Among the 12 economic sectors, the energy sector has attracted the most investment, accounting for 28.45 per cent, followed by the oil and natural gas sector at 24.41 per cent, and the manufacturing sector at 14.45 per cent.
During the Yangon Region Investment Committee’s meeting 6/2024 held on 26 June, seven new Myanmar investment projects were approved, creating employment opportunities for 3,060 people. — TWA/TKO
Yangon Region approves $0.6M foreign investment in garment industry
- August 19, 2024
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