12 April 2017
MYANMAR: Government Issues List of Approved and Proscribed FDI Sectors
An official list of business sectors suitable for foreign investment, as well as a list of those sectors where such investment is proscribed, has just been issued by the Myanmar Investment Commission (MIC). Among the sectors to get the FDI greenlight are gems and jewellery, cosmetics; pharmaceuticals; foreign language publishing; marine products; telecommunication services; airport ground-handling services; port development; retail services; healthcare services; and infrastructure and urban development.
In certain sectors investment will only be permitted via a joint venture with a domestic business or individual. This restriction applies to the manufacturing and domestic distribution of plastic products and confectionary; the processing and canning of food products (except dairy); the manufacture of alcoholic beverages and cosmetic products; and the development, lease and sale of residential property. Among the sectors where FDI is proscribed are fresh water fishery and the prospecting and processing of precious stones.
A full list of the approved and restricted sectors can be accessed here.