17 Jun 2020 Hong Kong Emerged as Largest Foreign Investor in Myanmar
According to Directorate of Investment and Company Administration (DICA) of Myanmar, Hong Kong is has emerged as the largest foreign investor in Myanmar in fiscal year 2019/2020. The operation of the investors from Hong Kong in Myanmar are inevitable to a certain extent. However, a survey of members by Myanmar Hong Kong Chamber of Commerce and Industry (MHKCCI), most investors from Hong Kong have no intention to drastically change their current investment strategy in Myanmar despite Covid-19.
Mr Ivan Tam Chi Wah, CEO of i-Land Industrial Park, a member of MHKCCI said “Indeed we are seeing more garment manufacturing moving from the Mainland China and Hong Kong. More than 80% of our clients are labor-intensive garment manufacturers. Recently more clients are from diverse industries like dyeing, plastic injection and electronics assembly. Our industrial park is also expanding to meet the commercial and residential demands”.