The incredible growth of ICT in Myanmar has been enabled by massive investments, business models and managerial skills. Yet, it appears that FDI in the sector is still not the largest. This is a good sign for the balanced development of the Myanmar economy.
In the first five months of the 2014-15 fiscal year, telecoms accounted for 31 percent of total FDI of $3.32 billion, becoming the biggest single component in direct capital inflows, according to data issued by the Myanmar Investment Commission. The flow eased in the latter half of the year, but still attracted a quarter of all FDI during the year, ranking it second only to the energy sector.