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Current Situation & Outlook of
Myanmar Economy
The Republic of the Union of Myanmar
Federation of Chambers of Commerce and
Industry (UMFCCI)
Myanmar in Numbers
Population 52.6 million (2017)
Unemployment rate 4.0 (2017)
GDP USD 66.5 Billion (2017)
GDP annual variation
in %
6.7% (2017)
Inflation 5.1% (2017)
Minimum Wages 4,800 MMK/day
Electricity Penetration 41% per household
(from national grid)
As of June 2018
Source : https://www.focus-economics.com/countries/myanmar
Political Transition
towards liberal democracy and market economy
and leading to national reconciliation (2010)
general elections (2015)
political, economic and administrative
transformations started
Economic Turnings
Liberalization of the Telecommunications Sector
(Oct 2013)
Myanmar Special Economic Zone Law (Jan 214)
Arbitration Law (Jan 2015)
New Myanmar Investment Law (Oct 2016)
New Myanmar Companies Law (Dec 2017)
Approved Amount of Foreign Investment
(by sector)
Sr. Sector 2017-2018
(USD in million)
1 Agriculture 134.485
2 Livestock and Fishery 27.661
3 Mining 1.310
4 Manufacturing 1,769.177
5 Power 405.774
6 Oil and Gas -
7 Construction -
8 Transport and Communication 901.639
9 Hotel and Tourism 176.767
10 Real Estate 1,261.977
11 Industrial Estate 34.037
12 Other Services 1,005.259
Total 5,718.086
Source : Directorate of Investment and Company Administration
Foreign Investment of Permitted Enterprises
Source : Directorate of Investment and Company Administration
Foreign Trade by Fiscal Year
Source : Ministry of Commerce
Major Exports by Sector (2017-2018)
Source : Ministry of Commerce
Major Imports by Sector (2017-2018)
Source : Ministry of Commerce
Export and Import Items
Sr. Export
1 Agriculture Produce
2 Wood Products
3 Natural Gas
4 Minerals
5 Marine Products
6 Clothing
7 Jade and Gems
Sr. Import
1 Crude Oil
2 Petroleum Products
3 Machinery and Equipment
4 Transport Equipment
5 Construction Materials
6 Fertilizer
7 Cement
8 Edible Oil
9 Food Products
10 Fabric
11 Plastic Resin
Export and Import Partners
Export Partner
China
Thailand
Japan
Singapore
India
Germany
United Kingdom
Import Partner
China
Singapore
Thailand
Japan
Indonesia
Malaysia
India
5 Potential Sectors in Myanmar
1. Agricultural
2. Fishery
3. Manufacturing
4. Establishment of Industrial Zones
5. Tourism
1. Agricultural
Main industry in Myanmar
Rich in land resources
Mainly grows rice, pulses and beans, maize, sesame,
fruits and vegetables
Welcomes investments in producing value-added
agricultural products and processed foods
Vast potential for investors in agricultural sector
2. Fishery
Rich in vast fishery resources in its coastal waters, rivers and
inland lakes
Export fishery products to China, Hong Kong, Japan, Korea,
the Middle East, Europe and the United States
Achieve export earning from marine products
Important role for the social and economic development of the
country
3. Manufacturing
Expected to become one the country’s most
significant economic growth drivers
18 Industrial Zones with 9589 small and medium
sized enterprises (SMEs)
Developing together with other sectors such as
agriculture, fishery, forestry, mining, energy and
hotel & tourism.
Plenty of opportunities to invest in manufacturing
sector such as labor intensive industries, small
and medium sized enterprises (SMEs)
4. Establishment of Industrial Zones
Three main Special Economic Zones
1. Thilawa SEZ
2. Dawei SEZ
3. Kyaukphyu SEZ
And many more Industrial Zones.
Thilawa SEZ
Major port city in Myanmar
Access to Yangon International Airport and Business Center
Manufacturing
Technology
Forest products
Agriculture
Opening Ceremony of Thilawa SEZ Zone A
Dawei SEZ
Land and sea routes to Thailand, Cambodia and Vietnam
Leather products
Furniture
Steel production
Fertilizer
Oil refinery
Vehicle manufacturing
Kyaukphyu SEZ
Sea route to India and China
Land and airport transportation implemented between China
and Myanmar
Exportation
Oil and gas
Logistics
Services industry
Tax Benefit for Investors
Subject Investment in SEZ
Free Zone Promotion Zone
Corporate Tax Tax Exemption 7 years 5 years
50% Tax Relief 5 years 5 years
50% Tax Relief for
Reinvestment
5 years 5 years
Import Tax
Exemption
Import of Construction
Materials, Machineries
and Equipment
Exempted 5 years exempted +
5 years
(50% Tax Relief)
Import of Raw Materials Exempted Export portion is
refundable
5. Tourism Sector
Thank you very much !