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Doing Business in Myanmar

Doing Business in Myanmar. Carola Baller, Netherlands Economic Mission. Myanmar in H istorical Perspective. 1960s One of Asia’s leading economies , World’s rice bowl , high level of education 1962 Burmese Way of Socialism 2011 P olitical and economic transition and reforms

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Doing Business in Myanmar

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  1. Doing Business in Myanmar Carola Baller, Netherlands Economic Mission

  2. Myanmar in HistoricalPerspective 1960s Oneof Asia’sleadingeconomies, World’sricebowl, high level of education 1962 BurmeseWay of Socialism 2011 Politicalandeconomictransitionandreforms 2013 Liftingof sanctions (EU, USA, Canada) 2014 ASEAN Chairman

  3. Statistics Population60 mln GDP: 45 bln USD GDP per capita: between 700-1400 USD GDP Growth 5,5 % - 6,7% Export: USD 9,5 bln (NL 13 mln) Import: USD 10 bln (NL 7 mln) Economy: Agriculture 35%, Industry 19%, Services 42% Exports: Oil & Gas, Power, Mining, Hotel/Tourism, Manufacturing (garment)

  4. Myanmar Potential Strategic location between India and China Rich in natural resources Young population: 46 mln between 15-64 yrs Opening of a new market (60 mln domestic population, 500 mln regional population) Reforms in digital era Government policy: move towards the West, sustainable economic growth beneficial to the people

  5. Myanmar Challenges „Hyper-active Government” (OECD 2014): Political Reforms: • elections 2015 and thereafter Economic and Social Reforms • ambitious agenda • sustainable economic growth • example setting Legal Reforms • Foreign Investment Law 2012 But: Capacity constraints

  6. Business Environment High interest Good level of English Friendly people New market But: Local staff salaries, real estate prices, banking and financial architecture, weak infrastructure (internet, roads, etc.) Advice: High potential market, but come in for the long run, don’t expect quick wins

  7. Netherlands: “Incomegenerationand job creation” Topsectors: Water, Agriculture, Transport andLogistics, Garment Netherlands Economic Mission (since November 2013)

  8. Questions? Holland Village, HCMC (Vietnam) 2013

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