Why Myanmar
- “Myanmar is regarded as one of the most interested countries by investors these days and also regarded as the fastest growing economy in Asia (2016) by International Monetary Fund (IMF)”
- Myanmar has been one of the most exciting and emerging economies given its abundant natural resources and strategic geographical locations connecting ONE THIRD of the World’s Population by bordering Asia’s Dragon (China), Asia’s Elephant (India) and three other SEA countries.
Growing Economy
Myanmar's economy is expanding due to reforms in trade, investment, and infrastructure, alongside growing sectors like energy, agriculture, and tourism.
Location
Myanmar is located in Southeast Asia, bordered by Bangladesh, India, China, Laos, and Thailand, with a coastline along the Bay of Bengal and Andaman Sea.
Natural Resources
Myanmar is rich in natural resources, including oil, natural gas, timber, precious stones (notably jade and rubies), and minerals like copper and tin.
Official Name : The Republic of the Union of Myanmar
Capital : Nay Pyi Taw
Area : 676,577 sq km
Coastline : 2,832 km
Neighbors : Bangladesh, China, India, Laos, Thailand
Population : 54 Million in 2020
Currency : Myanmar Kyat (MMK)
Major Export Items : Natural Gas, Gemstones, Timber, Rice, Beans & Pluses, Marine Products, Rubber, Garment
Major Trading Partners : China, Thailand, Singapore, India, Malaysia, Hong Kong, Japan, Korea, Indonesia, Bangladesh, Germany
GDP : USD 69.322 billion in 2017
GDP Growth Rate : 6.8%
Literacy Rate : 75.6%
Active Workforce : 28 million (51%)
Advantages of Investing in Myanmar
ASEAN membership offers regional trade benefits
Strategic location between China and India
Imortant crossroads in China’s Belt and Road Initiative (BRI).
Rich supply of natural resources, including forests, minerals and natural gas
Abundant agricultural resources and marine resources
High potential for tourism
Attractive demographic profile of the labor force
Lowest labor costs
Regional Insights
Myanmar’s 54 million population (GLOBAL RANKING-26), Itself is an attractive pool of resource as TWO-THRIDS of the total population are the working of age of 15 to 65 – HIGHEST % RATIO IN ASEAN.
Ayeyarwaddy, being the Second highest populated region in Myanmar, offers a Safe, Harmonic and Peaceful environment with people of delicate and most honest smiles. A region without political, legal or social conflicts. The region comprises of famers who account for roughly 30% of country’s Rice Production and ultimately renowned the name: The Rice-Bowl of Myanmar.
AGRICULTURE CONTRIBUTIONS ON THE COUNTRY’S GDP IS HIGHEST CURRENTLY
- RICE PRODUCTION : 30% of the national production
- MARINE PRODUCTION : 25% of the national production. Potentially largest fishery industry 112,892.437 acres of fishery farms excavated (2013 – 2014)
- BEANS & PULSES : 18% of the national production
SEVEN SECTORS COULD GENERATE MORE THAN $200 BILLION OF ECONOMIC OUTPUT BY 2030
Real GDP sector sizing and potential $50 billion, 2010 prices.
- Agriculture
- Energy
- Telecommunications & Information Technology
- Manufacturing
- Tourism
- Financial Services
- Construction & Infrastructure
