Garment Exports Double Spurred by Rising Orders From Europe

​​ Myanmar garment exports have doubled in 2016 compared to export values of the previous year, according to the Ministry of Commerce. Rising orders from European countries have caused the surge in garment exports, said U Win Myint, Director of Ministry of Commerce. As of December 15th, garment exports reached $1.05 billion, up from $460 […]

Massive Jump in Myanmar Garment Exports This Year

​​ In this financial year, the Myanmar apparel industry operating under the cut make pack (CMP) system, has exported more than $1 billion dollars worth of clothing till November 11. As against this, the country shipped garments totalling $408.4 million in the same period in the previous year, a massive jump of $690 million or 145 per […]

Bean Exporters Keen to Gain From US Tariff Cuts, But Can’t Sell There Just Yet

​​ Myanmar’s bean exporters are looking to find their way into Western markets, where they can benefit from special tariffs following the normalization of trade with the US and EU. A trade association representing growers of beans says finding export routes to the new markets would reduce reliance on India, which is currently the biggest […]

Global Brands Opt for EU-Backed Factories to Avoid Pitfalls of Controversial Garment Industry

With its clean white surfaces, regulated humidity and glowing fluorescent lights, the quality control division of Bogart Lingerie’s facility in the Hlaing Tharyar industrial zone looks more like a medical laboratory than a garment factory. Inside the Yangon factory, workers sort through bras and underwear fresh from the production lines, checking for any defects before […]

Dutch Firm Invests in Local Feed Factory

After five years of importing Vietnamese products into Myanmar, Dutch animal feed company De Heus has opened a factory in Myanmar to start producing for the local market directly. The firm is starting with a 10 million euro (K14 billion; US$11.2 million) foreign direct investment and aims to produce 240,000 tonnes of feed a year […]

Coffee Not caffeine, Say Industry Experts

Look out Colombia. And stand back, Brazil: Myanmar coffee is coming. Though coffee has been grown in this country for 100 years, production volumes were low and the quality was hidden under a bushel. But now international aficionados are starting to take Myanmar seriously as a producer of first-class joe. Marcelo A Pereira Magnere, a […]

Garment Exports Jump More Than Threefold in 2016-17FY

Garment sector’s export volume during the five months of 2016-17 reached $512 million compared with the same period last year, according to Ministry of Commerce. “Until September 9, garment export reached $745.49 million. Last year in this season, the export reached $232.81 million. In last year August, we aimed to boost the export volume, and […]

French business group seeks trade increase

The French Myanmar Chamber of Commerce and Industry is taking a delegation of local firms to France next month, and is planning to a hold a French fair in Yangon later this year as part of efforts to boost trade relations between the two nations. The aim of the trade mission is to help Myanmar companies […]

MGMA backs garment industry to boom when US sanctions are lifted

Myanmar’s leading garment industry body has been buoyed by the lifting of sanctions it hopes will see a return to the glory days for the sector, when in the early 2000s a majority of country’s garments were shipped to the US. Speaking at a manufacturing trade fair in Yangon yesterday, U Myint Soe, chair of […]

Lacoste makes Myanmar debut with Yangon Airport store

Lacoste has entered the Myanmar travel retail market with the opening of a store at Yangon Airport. The 100sq m store, located in the airport’s new Terminal 2, features Lacoste’s latest concept design. The brand said the store aims to offer a premium shopping experience to local and international travellers. Lacoste Asia Pacific Travel Retail […]