Myanmar's economy has grown 6 per cent to 8 per cent every year since 2012, when the United States eased sanctions against the country. The country has become a key market of interest for foreign investors after launching an economic overhaul aimed at reintegrating into the global economy.
52.9 million (2016)
Naypyidaw (Yangon is the economic capital)
Myanmar Kyat (MMK)
EASE OF DOING BUSINESS
Ranked 171 out of 190 economies (World Bank Doing Business 2018)
The Directorate of Investment and Company Administration (DICA) is in charge of handling company registrations for local and foreign businesses under the Companies Act. DICA also serves as a secretary to the Myanmar Investment Commission
The Myanmar Investment Commission (MIC) is a government-appointed body responsible for verifying and approving investment proposals. It also issues regular notifications on sector-specific developments.
www.dica.gov.mm/en/information-myanmar-investment-commission-MIC | Head office Yangon (95-1) 658 103
Vietnam expected to weather the crisis best, while Cambodia is hit the worst
This segment has been dubbed the market sector to watch.
Myanmar's GDP is set to grow at 6.6 per cent annually until 2030, but weak business conditions and political risks could dampen FDI inflows.
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