ASEAN Member States “MYANMAR”
Bolstered by sales of natural gas, economic growth was 5.5% in 2011 and is expected to be around the same over 2012. The economy has continued to grow, supported by foreign investment in construction and more credit being made available to agriculture. The country is now committed to an extensive agenda of reforms to realise its potential. The financial sector is underdeveloped but has considerable promise to support economic growth. A sale of state assets, in addition, has the potential to stimulate private sector investment.
Myanmar, the second largest country in Southeast Asia, is bordered by China on the northeast, Lao PDR on the east, Thailand on the southeast, Bangladesh on the west, India on the northwest and the Bay of Bengal to the southwest, with the Andaman Sea defining its southern periphery. In the north, the Shan mountains form the border with China. Hkakabo Razi, located in Kachin State, at an elevation of 5,881 metres, is the highest point in Myanmar. Three mountain ranges, namely the Rakhine Yoma, the Bago Yoma and the Shan Plateau.
They divide three river systems, the Salween, the Sittaung and the Irrawaddy, the longest at nearly 2,170 kilometres which flows into the Gulf of Martaban. Much of the country lies between the Tropic of Cancer and the Equator. It lies in the monsoon region of Asia, with its coastal areas receiving over 5,000mm of rain annually.
Myanmar has huge tourism potential with its pristine beaches, snow capped mountains, jungle trails and spectacular temples. There are around 100 different ethnic groups within Myanmar. Much of the Country’s population is rural and occupied by agricultural activities. Many of these ethnic groups are largely untouched by western cultures, leaving their own rich cultural traditions still intact. Buddhism is the main guiding force in the lives of the Myanmar people. Myanmar joined ASEAN along with Lao PDR on 23 July 1997.
- Joined ASEAN: 23 July 1997
- Head of State: President Thein Sein
- Area: 676,578 square kilometres
- Border countries: Lao PDR, Thailand, Bangladesh, China, India
- Coastline: 1,930 kilometres
- Capital city: Naypyidaw
- Total population: 54,584,650
- Population of capital: 992,000
- Climate: Summer is tropical, cloudy, hot and humid. Southwest monsoon June to September. Winter less cloudy with lower humidity. Northeast monsoon December to April.
- Languages: Burmese
- Religions: Buddhist (89%), Christian (4%), Muslim (4%), other (3%)
- Ethnic groups: Burman 68%, Shan 9%, Karen 7%, Rakhine 4%, Chinese 3%, Indian 2%, Mon 2%, other 5%
- Monetary unit: Kyat (MMK)
- Natural resources: Petroleum, timber, tin, antimony, zinc, copper, tungsten, lead, coal, marble, limestone, precious stones, natural gas, hydropower
- Major exports: Natural gas, wood products, pulses, beans, fish, rice, clothing, jade, gems
- Main export trading countries: Thailand 37.1%, China 19%, India 12.3%, Japan 6.7%
- Major imports: Fabric, petroleum products, fertiliser, plastics, machinery, transport equipment, cement, construction materials, crude oil, food products
- Main import trading countries: China 39.2%, Thailand 22.9%, Singapore 9.8%, South Korea 5.4%, Japan 4.1%
- Internet domain: .mm
- International dialling code: +95
- Sources: CIA World Factbook, ASEAN, IMF, Kwintessential.co.uk, Journeymart.com
Myanmar is situated in Southeast Asia and is bordered on the north and northeast by China; on the east and southeast by Laos and Thailand; on the south by the Andaman Sea and the Bay of Bengal; and on the west by Bangladesh and India.
Substantial Stabilization Efforts and Reform Measures
Myanmar government, since its adoption of the market oriented economic system in 1988, is taking substantial stabilization and reform measures to achieve more liberalized economy. As part of this, Myanmar government enacted the Foreign Investment Law in 1988 to attract foreign investment and to boost investment in the private sector.
Myanmar Investment Commission (MIC)
Myanmar government established Myanmar Investment Commission (MIC) to increase foreign investment and to assist investors in proceeding with investment procedures.
Favorable Human Resource
Myanmar’s population is estimated to be over 60 million. Most Myanmares are skilled and are able to command English. In addition, the cost of labor force is the lowest among ASEAN countries.
Abundant Natural Resources
Myanmar is rich in natural resources such as petroleum, timber, tin, antimony, zinc, copper, tungsten, lead, coal, some marble, limestone, precious stones, natural gas and hydropower.
Promising Sectors for Investment
Promising sectors are agriculture, livestock and fisheries (including off-shore and deep sea), forestry, mining, energy, and manufacturing sectors.
Doing Business in Myanmar
- Country Background
- Selected Economic Indicators and Other Statistics
- Operational Costs
- Transportation Costs
- Telecommunication Costs
- Investment Regulation and Procedures
- Expatriate Living Costs
- Employment Regulation
- List of Useful Information
- Other Useful Addresses
- List of Useful Web Site
- Public National Holidays
- Total Material
- Guide Book
- Capital : Yangon
- National Population : 52 million
- Language : Myanmar
Myanmar, once called Burma, is one of ASEAN countries, sharing borders with Bangladesh, India, China, Laos and Thailand. With a total land area of 676, 577 sq. km, the country stretches over 2090 km from north to south and over 925 km east to west. It has a 2832 km long coastline on the Indian Ocean and over 50% of its total land area covered with forest.
Myanmar has a rich cultural and historical heritage with great places to visit like the glittering Shwedagon Pagoda in Yangon (Rangoon) and Bagan. The natural environment is equally brilliant with many parts of the country still covered in rainforest while rice paddy fields dominant much of the remainder. More than 100 different national races exhibit many unique characteristics.
Yangoon, the capital is dominated by the Shwedagon, one of the world’s greatest Buddhist Pagodas built 2500 years ago. The Sule Pagoda, Bog yoke Market and the colonial buildings add to the architectural mix.
Bagan, one of Asia’s is most stunning archaeological sites is located on the eastern bank of River Ayeyarwaddy. Also being the capital of first Myanmar Empire, Bagan covers an area of 42 sq. km, containing over 2000 well preserved pagodas and temples of the 11th-13th centuries and lacquerware from Bagan is keenly sought after.
Mandalay, also known as Ratanabon meaning Gem City, is located in Central Myanmar, 668 km north of Yangoon.
Mandalay Hill, 230 metres in elevation, commands a magnificent view of the city and surrounding country side. TheMandalay Palace complex was destroyed by fire during World War II. A number of palace buildings have been recon-structed within the premises as evidence of the Majestic Palace City.
Around Mandalay are Amarapura, Innwa, Sagaing, known for their ancient pagodas worth visiting. Pyin Oo Lwin, (Maymyo)is a hillstation and cool refuge from the lowland heat. Visitors can ride a stage coach, stay in Tudor style villas and enjoy the peaceful botanical gardens.
Mount Popa, 50 km south east of Bagan, is 1500 m. high extinct volcano; legendary home of nat worship. The tranquil waters of Inlay Lake is Asia’s most beautiful natural lake with the famed leg rowers worth seeing and enjoying. The nearby hillstation of Kalaw offers col air and Pindaya Caves with their 10,000 Buddhist images.Ngapali (Thandwe), Chaungtha and Ngwesaung (Pathein) are popular beaches with adventurous travelers. New potential sites are Muse, Tachilek, Kyaing Tong, Myitkyina, Putao, Kawthaung.
Ecotourism Sites The wildlife parks and sanctuaries are Alaungdaw Kathapa National Park, Popa Mountain Park, Hlawga Wildlife Park, Shwesellaw Wildlife Sanctuary, Inlay Birds sanctuary, Mohyingyi Wetlands and Sein Ye Forest Camp.The main gateways to Myanmar are Yangon and Mandalay International Airports. Yangon International Airport has daily flights from Bangkok and Singapore. Overland entry points along Myanmar Thailand Border Checkpoints are at Tachileik, Myawaddy, Payathonzu (three Pagoda pass) and Kawthaung; and along Myanmar-China Border Checkpoints at Lweje, Namkham, Muse, Kyukoke, Kwanlong,Monglar.Myanmar Culture offers unique dance, drama and puppetry. Many festivals are celebrated throughout the year. Thingyan or Water Festival ushers in the Myanmar New Year. Food is central to many festivals especially the festivities at the Pagodas. Myanmar Food is blend of several cuisines but a distinctly Myanmar Food is rice with curries, mildest among the Asians.
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