Contracted foreign investment in Myanmar from 32 countries and regions hit $42.95 billion as of the end of July 2013 since 1988, according to the latest official figures.

Country-wise speaking, China led with $14.188 billion, accounting for 33.04 percent of the total.

China was followed by Thailand ($9.979 billion), China's Hong Kong Special Administrative Region ($6.404 billion), the United Kingdom ($3.045 billion), South Korea ($3.018 billion), Singapore ($2.358 billion) and Malaysia ( $1.034 billion).

Sector-wise speaking, power sector led all sectors, with $19.237 billion, accounting for 44.79 percent of the total.

It was followed by oil and gas ($14.372 billion), mining ($2.829 billion), manufacturing ($2.749 billion), hotels and tourist ($1.585 billion) and real estate ($1.056 billion).

Other sectors included livestock and fisheries, transport and communications, industrial estate, agriculture and construction.

Meanwhile, passed by the parliament, Myanmar promulgated a new foreign investment law in November 2012, replacing the over-two- decade-long 1988 similar law, in a bid to further attract foreign investment to the country in line with its reform strategy.

The new law allows foreigners to make full investment, joint venture operation between foreigner and local citizen or related government department or organization on mutually-agreed ratio of investment.