Why Invest in Myanmar ?
Myanmar’s economy has continuously grown at approximately 6 – 8% since 2012. Myanmar’s overall growth strategy is built on a complementary mix of policies to simultaneously enable modernization in industry, agriculture and infrastructure, a diversification of the export base and the expansion of value-added production for domestic and international markets.
LOCATION AND CONNECTIVITY
Myanmar is undergoing a fundamental political and economic transformation to a democratic and peaceful nation state. A National Comprehensive Development Plan has been formulated to identify policy directions for country-wide sustainable economic development based on international best practices to alleviate poverty in the country. As a least developed country, Myanmar also has preferential tariff arrangements in place – to facilitate access of the country to major international markets.
The Government of Myanmar is highly committed to encouraging investments with a positive impact on society and the environment. Investment activities in certain sectors are therefore prohibited or restricted – or may require specific approvals, processes, joint venturing or Environmental and Social Impact Assessments to avoid adverse impacts on communities and their livelihoods, the environment as well as the progress in peace and national reconciliation.
SOCIETY AND CULTURE
Myanmar’s citizens have demonstrated flexibility in adapting to the availability of new opportunities and in dealing with new technology (the ‘digital leapfrogging of Myanmar’), while acquiring new skills and competencies in a learning society – as employees and entrepreneurs. Particularly in Yangon, and increasingly in urban centers throughout Myanmar, traditional life and modernity mix harmoniously – society is open, warm and welcoming to foreign cultures and influence.