Over the past five years, one of the remaining frontier markets that is expected to become Asia’s next rising star, Myanmar, is getting prepared to tap into the country’s true potential. The government has established the necessary fundamental building blocks and multiple changes in regulations are already being undertaken to support the economy. With the National League for Democracy (NLD) winning the election and about to come to power, the economy which has already grown at a rate of 7 to 8% annually and broad market sentiment prior to the elections in November 2015, is hope to be further improved.
The demographic profile of this country play an important role in the economic expansion. Out of 51 million population in Myanmar, more than half of the population is under the age of 27 years old. In addition, a significant proportion lies in the 5-14 age range. However, in order to reap the benefits in the next 10 to 15 years, work opportunities need to be created for young people when they reached their working age, as well as future improvements need to be aimed. Investing in a highly educated workforce and creating equal job opportunities for all should be the foremost agenda of Myanmar’s ongoing social and economic transition.
Tremendous increment of the Foreign Direct Investment (FDI) in Myanmar over the past years has attracted an FDI of US$3.4 billion in FY 2012-13, US$4.1 billion in FY 2013-14 and US$8 million in FY 2014-15. Due to the transition of the government, FDI inflows for current year might be lower than 2014-15, but it may pick up upon the completion of the government transition. Even now, some of the sectors such as Real Estate, Oil & Gas, Telecom, Financial Services and Retail & Consumer are well-positioned to attract more investment.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.