Opportunities in Myanmar – APPLY NOW!
Myanmar is opening up after years of international isolation and investors are responding. Rich in natural resources with a young labor force and GDP per capita of USD1,203, its economy is growing at 8% p.a. with annual inflation at 7.5%.
Myanmar has a population of 51.4 million and its currency is the Kyat.
Bangkok Bank
We have been operating in Myanmar for 20 years. In June 2015 we became the only Thai bank with a branch in Myanmar and, at that time, one of only 13 banks worldwide with a foreign banking license. We know the country well and have developed a solid network of contacts and knowledge of local conditions. Our investment advisory service helps customers who would like to register their companies in Myanmar and do business there.
Opportunities
Myanmar enjoys abundant natural resources, a strategic location at the crossroads of Asia, and a large, youthful population. Major infrastructure spending on roads, bridges, airports and seaports is fueling the construction sector while manufacturing industries such as garments, footwear and seafood processing are in line to benefit from the expected relaxation of US investment restrictions.
Challenges
After decades of neglect, basic infrastructure is lacking, which poses particular challenges for energy-intensive manufacturing industries. Electricity and land prices are high, internet access is limited, and low skill levels and expertise mean investors must have a solid training setup.
Tips for investing and doing business
Investors must spend time and resources doing their homework – studying the drivers of supply and demand, other players in the market, and regulations that will affect their operations. They also need to analyze the nature of similar projects they may have worked on and decide what will translate well to Myanmar.
To find out more about these exciting opportunities, please contact:
Mr. Kanet Buranasin, Branch Manager, Yangon Branch
Tel: (95) 1 572 957, (95) 1 579 282, (95) 1 569 631, (95) 1 572 856
Email: bbl.ygb@bangkokbank.com
Note: Information up-to-date as of October 2017