By Balbir Bhasin
This ebook is a realistic and accomplished advisor to succeeding in doing company and making an investment in rising Myanmar. It covers the country's historical past, demographics and industry dimension, political setting, financial stipulations and industries, criminal framework together with tips to commence a company, cultural idiosyncrasies together with non secular matters, language, ideals and customs, enterprise etiquette and attitudes, administration and dealing types, conferences and determination making, and negotiation techniques that paintings. It identifies a few of the sectors that are starting up and the place possibilities and pitfalls exist. This consultant allows a deeper figuring out of the company atmosphere in Myanmar. you can be larger capable of assessment the chance elements and make significant funding and company judgements to achieve Myanmar
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Additional info for Burma : business and investment opportunities in emerging Myanmar
Myanmar has 13 million people between the ages of 18 and 28 (40% of the total labor force is aged between 15 and 24 years). The adult literacy rate is 92%. 18 In Thailand, the monthly wage for a factory worker is $358, in Vietnam $150, and in Cambodia $88. Wages are expected to rise in Myanmar in the near future, but wages are also rising in other Asian countries as well. China has already the third highest labor cost in Asia after Malaysia and Thailand. Some manufacturers are already looking to move their operations from Thailand to Myanmar.
The rural population is mainly poor ethnic farmers, living in badly built huts with poor access to water and sanitation. 26 Political instability entraps the rural dwellers who often have to be displaced due to military threats and the numerous civil wars being waged by the minorities. 1 Myanmar’s urban growth by 2030 Source: Adapted from McKinsey Global Institute. (2013). Myanmar’s moment: Unique opportunities, major challenges. 2 Total actual renewable water resources per habitant (2011) Source: Adapted from FAO.
Myanmar has developed 30 industrial zones and is developing three SEZs in anticipation and preparation of the ensuing demand for manufacturing facilities. Myanmar’s SEZ law was passed on January 27, 2011, to attract FDI into the country. It covers special economic zones, export processing zones, and sub-trading zones; providing tax exemptions and incentives to small-, medium-, and large-size foreign businesses operating within the zones. It allows ease of financial transactions within and outside the zones, as well as into and out of the country.