Frost & Sullivan: How to make smart entry to Myanmar?

Frost & Sullivan: How to make smart entry to Myanmar? PR Newswire BANGKOK, July 19, 2012 BANGKOK, July 19, 2012 /PRNewswire/ -- Today many businesses representing almost all industry sectors are eagerly seeking opportunities to either invest or expand to Myanmar. With a population of 60 million, the country has recently opened up and attracted many foreign investors due to its becoming pro- investment climate. Gaining further attention, Myanmar is hosting key upcoming events like the SEA Game in 2013 and the ASEAN Summit in 2014. According to Dr. Monsinee Keeratikrainon, Thailand Country Manager, Frost & Sullivan, currently, the majority of foreign investment in Myanmar comes from China and Hong Kong, followed by Thailand and South Korea. "Around 80% of foreign investment goes to Power, Energy, Oil and Gas; where as 11% goes to mining and manufacturing. Although the GDP composite in the industrial sector is as low as 20%, with service at 37% and the rest is agricultural, there are highly increasing demand for industrial goods due to many major infrastructure buildups. The key growing segments would be the power & energy, oil & gas, mining & minerals, and construction," she said. Recently, the Myanmar government promoted property investment in Myanmar, especially hotels, residential, as well as commercial buildings, in order to accommodate the dramatically growing number of business investors.