August 28, 2018
Investment Opportunities in Myanmar
Myanmar, branded by the International Monetary Fund as Asia’s ‘final frontier’ has a population of 60 million and a growing GDP per capita at 7 to 8% annually. The consumer market is relatively young and offers great potential for suppliers of basic goods and services. The country’s attractive geographical location connects it with China, India, Bangladesh and the ASEAN members of Thailand and Laos, providing access to a market of approximately three billion people.
The country’s abundant natural resources have attracted the most attention, with the oil, gas, and mining sectors receiving the largest amount of foreign investment. Labour is currently cheap, albeit lower skilled, and productivity gains are to be expected along with industrial reforms and the introduction of modern technologies. Such factors make intensive Burmese export-oriented manufacturing attractive.
The Burmese government has identified the four pillars of growth for development. They are telecoms, banking, energy and major infrastructure. Besides these four, other key industries include tourism and market research.
Myanmar is one of the world’s last untapped mobile markets, with less than 10% of the 60 million population currently using mobile phones. The government is stepping up its liberalization of the telecommunications sector by allowing international firms to form joint ventures with local ICT (information and communication technology) players.
After the civilian government took power in 2011 and conducted successful reforms, the Internet has become more accessible to the Burmese people. Samsung is a market leader in Myanmar for mobile phones, tablet computers, TV sets, video players and refrigerators. Samsung, as one of the early movers, began work with two local partners and expanded its distribution in 2012.
The Burmese government has introduced a range of industry reforms to revitalize the banking sector and support an influx of investment, one of which allows foreign banks to establish joint ventures with local partners.
3) Energy and Resources
The government has put out 18 onshore and 30 offshores oil blocks for tender by international oil giants. Currently, 70% of the Burmese population does not have access to electricity, and the private sector faces serious challenges in coping with the growing demand for electricity. The government is eager to improve the current situation, and a comprehensive power expansion plan has been drawn up.
Want to be an investor??
For those who are seeking the good investing opportunities, I would like to personally recommend to give a look at KyoPay Technologies. KyoPayTechnologies (KyoPay) is an online marketplace for invoice receivables that offers a fast, simple, and secure way for businesses in Myanmar to improve cash liquidity. KyoPay offers an alternative solution, especially for small- and medium-sized enterprises looking to boost cash flows. KyoPay connects businesses in need of liquidity to third-party funders willing to invest in an under-utilized asset class. KyoPay, the brand name of KyoPay Technologies, a Myanmar-registered joint venture, was founded by Acudeen Technologies Inc. of the Philippines and Anthem Asia (Myanmar) Ltd. in late 2017. For more information, you can visit to .
Credit: British Chamber of Commerce Singapore