Economic Overview & Business Opportunities
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.
- Myanmar Foreign Company Setup
- Myanmar Local Company Setup
- Joint Venture
- Branch Office
- Representative Office
- Registered Office Address
- Answering Service
- Mailing Services
- Payroll Management
- Document Management
- Staff Management
- Bank Account
- Product distribution
- Website: www.yangonsetup.com
- Phone: +9599-7533-0533; +959-442-442-332
- Email: firstname.lastname@example.org
- Address: 520 Kabar Aye Pagoda Road, Excel Tower, Unit 206, 2nd Floor, Bahan Township, Yangon, Myanmar
- Operating Hours (GMT+6:30):
Monday to Friday: 10:00 am – 5:00 pm