Myanmar Industry Sector Research Highlights

Overview

Economic zones and infrastructure developments improve Myanmar's attractiveness for manufacturing
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Industry in Myanmar has benefitted from a period of strong economic growth, an increasingly welcoming environment for foreign investment and more open regulatory reforms. However, as Myanmar heads into an election year, it is hoped that the reform agenda does not stall as politics ramps up. Regulations In November 2019 Parliament voted in favour of President U Win Myint’s proposal to merge…

Interview

U Zaw Min Win, President, Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI): Interview
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Interview:U Zaw Min Win What should be the next priorities for improving business conditions in Myanmar? U ZAW MIN WIN: Myanmar rose six places in the World Bank’s Doing Business Index in 2019 to among the world’s top-20 performers. However, there remains much progress to be made. The priorities for improving conditions should be to minimise transaction costs and time in order to reduce…

Analysis

Garments segment supports development of Myanmar's manufacturing sector
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Garment manufacturing has been the driving force behind the development of Myanmar’s manufacturing sector. The Myanmar Garment Manufacturers Association (MGMA), the primary trade association supporting the industry, estimates the segment employs 450,000 workers, more than 90% of whom are women, across its 600 member factories. Garment exports rose from $349m in 2010 to $4.6bn in 2018. The…

Chapter

The Report: Myanmar 2020: Industry
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Industry in Myanmar has benefitted from a period of strong economic growth, an increasingly welcoming environment for foreign investment and more open regulatory reforms. The outlook for Myanmar’s industrial sector is bullish in light of ongoing reform, the successful blueprint provided by the Thilawa Special Economic Zone, infrastructure development and the growing consumption power of a nascent…

Country Report

The Report: Myanmar 2020
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One of the fastest-growing economies in South-east Asia, Myanmar has been steadily opening up to international trade and investment over the past decade. A new long-term economic development agenda, alongside ongoing liberalisation and the easing of restrictions on foreign investors – notably, within the insurance sector – and considerable growth in some manufacturing segments, is set to encou

Overview

Countries prepare for the opportunities and challenges of Industry 4.0
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The global economy is entering the Fourth Industrial Revolution (4IR), or Industry 4.0, based on the application of new digital and automated technologies in production processes and service delivery. These changes are bringing emerging markets improved productivity, as well as risks – namely, reshoring and the displacement of human labour by automation. Wealthier emerging markets, such as…

Event

Propak Myanmar 2019

This year’s event will move to a new venue, the Myanmar Expo (ME), a modern and easily accessible venue that will serve the growing food industry and those manufacturers looking for success through technology and innovation. A great opportunity to network and exchange information with industry professionals from around the world. The premiere processing and packaging event for Myanmar, ProPak…

Economic News

Automotive at the forefront of Myanmar’s drive for industrial growth
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Toyota is developing an assembly plant in Myanmar, signalling strong growth prospects in the local market as the country looks to expand its manufacturing output. In late May the Japanese carmaker announced it will establish its first vehicle assembly plant in the country, in the Thilawa Special Economic Zone (SEZ) just outside of Yangon. Once it is fully completed in 2021, the $52.6m plant will…

Economic View

Chan Chun Sing, Singapore Minister for Trade and Industry

On smart cities, start-up funding and intellectual property How do you assess the framework in place to facilitate the continuation of the ASEAN Smart Cities Network (ASCN) during 2019? CHAN CHUNSIN: The ASCN was one of Singapore’s key deliverables for our ASEAN Chairmanship in 2018. It is a collaborative platform that enables cities from ASEAN member states to work towards the common goal…

Event

Food and Hotel Myanmar 2019

Several activities to promote Burmese tourism, food and hospitality sectors have also played a role in gaining interest from over 200 industry players worldwide. UBM Myanmar expects more than 7,500 visitors to attend this year’s exhibition. The fifth edition of Food and Hotel Myanmar 2018 present more than 200 leading suppliers and manufacturers from 20 countries will showcase their latest…

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Myanmar Industry Sector Research Highlights

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