Hong Kong third-biggest investor in Myanmar

Mainland China is the biggest investor in Myanmar, with US$14.19 billion of cumulative investments, while Hong Kong ranks third with US$6.39 billion, PricewaterhouseCoopers revealed yesterday.

Thailand was the second-biggest investor in its southeast Asian neighbour, with a cumulative investment of US$9.98 billion, said Jasmine Aung, Myanmar director at PwC.

The Myanmese government was preparing to establish a stock exchange in the country, with the first initial public offering expected by October 2015, Aung said.

It was also preparing a new foreign investment law that was expected to offer tax breaks to investors, allow them to lease private land and repatriate investment proceeds using market exchange rates, the accounting firm said in a report.

“Myanmar’s GDP is expected to grow 6.3 per cent this year, driven by improved business confidence following recent political and economic reforms. However, short-term risks to growth include the rapid appreciation of the kyat,” the report said.

The power sector had received the most cumulative foreign investment in Myanmar, at US$19.24 billion, Aung said, followed by oil and gas at US$14.37 billion. By 2011, China surpassed Thailand to become the largest foreign investor in Myanmar, the report said. Hong Kong’s financial secretary, John Tsang Chun-wah, held meetings with the Myanmese president, Thein Sein, the country’s deputy commerce minister, Pwint San, and other top officials in Myanmar last month.

Tsang said Hong Kong was a major service economy, and was highly complementary with Myanmar’s economic structure, the Hong Kong government said in a press release.

Pwint San said Hong Kong entrepreneurs were among Myanmar’s major investors and he would welcome more Hong Kong firms to set up in Myanmar. Thein Sein said Hong Kong had the capital and technology while Myanmar had the manpower, land and natural resources.

Source: South China Morning Post

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc.


To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page “Actual Sample of Client Report”. Click here to go to page.


Do you know that IE Singapore is giving ≤ SGD 20, 000 support under the MRA Grant and > SGD 20,000 under the GCP Grant for Singapore companies to venture into Myanmar? To learn more click here.


If you have Request for Quotation (RFQ) or Tender Announcement that you want us to publish for FREE in the Tenders & Awards section of our website please submit to us at tender(at)consult-myanmar.com for our consideration.

Looking for foreign investors to invest in your business in Myanmar