Myanmar investment inflows double from China as deals surge

Southeast Asian nation's garment industry benefits from production shift

20190717 Myanmar garment factory

A Japanese-owned clothing factory in Yangon: Foreign investment is flowing into Myanmar's garment industry. (Photo by Yuichi Nitta)

YUICHI NITTA, Nikkei staff writer

YANGON -- Foreign investment shows signs of recovering in Myanmar, one of Southeast Asia's frontier markets, led by more than twofold gains in inflows from China and Singapore.

Approved foreign investments rose 79% on the year for the six months ended in June, reaching $2.35 billion, according to Myanmar's Directorate of Investment and Company Administration.

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