According to the list of foreign countries which have made foreign investments in Myanmar, Thailand stands in the second place, having been allowed to invest US$10 billion.
However, data released at the end of
June 2013 shows that actual investment made in Myanmar by Thailand only
totals over US$ 2.8 billion. The figure was reached only after US$410
million was added during the period from April to June 2013.
Although Thailand is listed to be the
second largest investor in Myanmar according to the government data, it
only stands the fourth in the actual investment.
China is on the top of the list of
actual foreign investment with over US$ 14 billion while Hong Kong
stands second as it has invested over US$ 6.3 billion in two consecutive
years surpassing Thailand and the Republic of Korea.
South Korea stands third in the list with an investment of nearly US$ 3 billion while Thai stands fourth.
According to Foreign Investment Law,
Myanmar has allowed 32 countries to invest nearly US$43 billion until
the end of June 2013. But the actual amount is not correct because some
investors withdrew their money.
The actual investment is nearly US$33
billion and the gap between actual investment and the investment allowed
by the government is US$10 million. Thailand alone has US$7 million gap
between actual investment and the investment allowed by the government.
source: Eleven Myanmar
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