THE VOICE GROUPREPRESENTS

MYANMARTHE PROMISED LAND

Table of contents

1) Introduction 1 - 2a) Past 4 - 5b) Present 6 - 7

2) Demographics 8 - 103) Business culture 11 - 124) Lifestyle 135) Greeting and meeting 14 - 156) Economic 16 - 177) Advantages and disadvantages 18 - 198) Conclusion and recommendation 20

Information Slide

Two years ago in Myanmar

Why

• One of the least developed economies in

Southeast Asia.

The European Union has placed sanctions on Myanmar.

• One of the world's most impoverished countries.

Mismanagement and isolation.

The lack of an educated workforce skilled in modern

technology.

The lack of adequate infrastructure.

NOW

How• US and EU lifted all economic sanctions .

• After 50 years, Myanmar is open for business:

Reformed an exchange rate system.

Set up the National Development Plan.

Issued Foreign Investment Law Implementing

Regulations .

Myanmar becomes the “ Gold Rush “ in Southeast

Asia.

• Total area: 676,578 sq. km_ The second largest in Southeast Asia• Population of over 60 million, literacy rate 89.9%

• 50% of total areas are forest.

Rich in natural resources such as petroleum, coal, natural

gas, and hydropower, etc.

• Has plentiful human resources.

The percentage of the working age population is very high_

75% of population.

• Myanmar shares borders with 5 countries: Laos, India,

China, Thailand and Bangladesh.

Advantage on business development.

Introduction about Myanmar

How to makeyour investment

effective

Business CulturePlace a Buddhist altar in

office.

• Buddhism is the dominant

belief.

• Brings protection and luck.

• Creates closeness, friendly to

colleagues.

• Always provides fruit, flowers

and tea.

High- context cultures

• Never say “No”.

• Never go straight to the main point.

• Avoid hurting feelings.

Collectivism

• Most families are big and have many generations:

parents, grand parents and children.

• The last married person keeps live with the parents.

• The good children should support back to their old

parents.

Lifestyle

Have only two meals per day.

• At 9 am and 17 pm.

• Have light lunches.

Always has shrimp, fish and

vegetables on the meals.

Eaten by hands.

Appointment should be in

lunch times.

Greeting Refer to each other by their full

names.

• Do not have the first name.

• Names are very long and similarity.

A small bow and hands put

together .

A handshake is now commonplace

for businessmen.

• Shakes hand with business women if

they offer hand first.

MeetingBusiness cards are an important part of the business

culture in Myanmar

How to hand them out:

• Handing them out with the right hand.

• Using the left hand to support the right arm near the

elbow.

• Receiving by both hands and a small bow.

• Reading about 4-5 second and putting on pocket.

Give gift at the first meeting.

Economic• The Economy of Myanmar is an emerging

economy.– A nominal GDP of $51.93 billion.– A purchasing power adjusted GDP of $83.74 billion. – Real growth rate is 5.5% for the 2011 fiscal year.

• The annual growth rate in GDP measures the increase in value of :– the goods.– The services produced.

• The share of agriculture has been declining.– represents 36 percent of GDP.

• Services_ The most important sector of the economy.– has been growing steadily.– account for over 38 percent of GDP.

• Industry is linked largely to the processing of agricultural, mineral, and forest products.– contributes the remaining 26 percent of GDP.

Advantages• In location– Between two biggest population countries.– Land bridge between Middle East and Southeast

Asia.• Tax exemption and additional incentives.– Free trade tax on export commodities.– Custom duty free on import commodities using in

zone.– Domestic Banking/ Foreign Banking allow in zone.– Foreign Exchange Freely exchange, transfer using

in zone.

Disadvantages

• More than 90% of the population have not

accessed mobile phones.

• Has very few bank branches and ATMs.

• The quality of infrastructure is very low.

• Has slow and expensive internet connection.

• The lack of skill labor

• Unstable Electricity Supply

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