"Myanmar has potential investments from Hong Kong and ASEAN countries such as Singapore and Thailand in 2019-20 FY, according to the Ministry of Investment and Foreign Economic Relations. Among ASEAN countries, Singapore, Vietnam, Thailand, Malaysia, Indonesia, Philippines, Brunei, Cambodia and Laos made investments in Myanmar. A total of 50 countries invested in 1,876 businesses in 12 sectors from 1988 to November 2019 and the total investment is about US$83 billion. In that period, the investment amount of nine ASEAN countries is over US$38 billion and it is over 46 per cent of total foreign investment. The investment amount of ASEAN countries are as per following: over US$22 billion from Singapore, over 11 billion from Thailand, over 2 billion from Vietnam, about 2 billion from Malaysia, over US$270 million from Indonesia, about US$150 million from Philippines, over US$120 million from Brunei, over US$24 million from Cambodia and about one million from Laos..."