Why Myanmar?

Ⅰ

An isolated country ruled by the Military until the 2011 when the president became non Military opening up Myanmar with progressive reform and liberalization.

Ⅱ

With the lifting of Sanctions by USA further making Myanmar even more attractive for international investment. Exponential growth in ICT Industry and Construction Industry.

Ⅲ

Historical Democratic Election Victory in November 2015 making Myanmar a Democratic Country “Open for Business” with the rest of the world. Myanmar is the ‘Last Frontier in Asia”.

Ⅳ

Past 3 years have seen 7-8% growth. This year 8.64% growth forecast by IMF.

Ⅴ

September 2016 Shin Han Bank opens first Korean Bank in Yangon making way for Korean companies for active participation in Myanmar.

Weakness of Myanmar Market

Why Myanmar?

Ⅰ

Myanmar direct investment requires correct regulations information that is not available (KOTRA provides some information that is basic and insufficient)

Ⅱ

Myanmar government department have very little information in language other than Myanmar that is available in web-sites and a good interpreter is required for communication and business operations.

Ⅲ

The current progress is continuing but still the investment laws and regulations are unclear and very time consuming.(a special relationship is required with the military or regional offices for business operations)

Ⅳ

Thus, for foreign investors a partner with the above requirements must be acquired or a partner with relative information and experience is vital.