In recent years trade and investment in Myanmar have soared, buoyed by ongoing efforts to liberalise the economy and a successful political transition in November 2015 that saw the country’s first civilian-led government elected to power in modern history. Political reforms have brought significant economic benefits and with a host of domestic reforms, sustained growth is expected. While the country still faces challenges, including a transport infrastructure deficit and a lack of reliable electricity supply, it is seen as a destination of opportunity, and international investment is expected to remain strong in the coming years.
More than one year since State Counsellor Aung San Suu Kyi took up the reins of a civilian-led government in Myanmar, C-suite executives surveyed by OBG remain broadly positive about the outlook for the country despite significant challenges and risks.
More than a year since State Counsellor Aung San Suu Kyi took up the reins of a civilian-led government in Myanmar, executives surveyed by Oxford Business Group remain broadly positive about the country’s outlook in spite of challenges and risks. Myanmar continues to enjoy inherent advantages that should allow it to remain the fastest-growing economy in ASEAN. The keys to success lie in the creation of a clear and transparent regulatory environment for attracting investment and financing the real economy, while also ensuring it capitalises on its position between China and India without becoming beholden to either.