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Manufacturing key to Myanmar’s growth

Myanmar has been transitioning to a more open and market-oriented economy over the past few years. While progress has been made throughout the economy, manufacturing has witnessed rapid expansion, accounting for 15 percent of GDP in 2007 but growing to 24pc in 2017. Garment manufacturing, in particular, has grown rapidly, with exports expected to surpass […]

Why Myanmar’s government needs to do more to maintain economic growth

Myanmar’s economy is growing. In particular, the manufacturing and retail sectors are booming. However, the government must address significant challenges to maximise Myanmar’s growth potential. The manufacturing industry grew dramatically The government set bold industralisation targets. It wanted to promote manufacturing exports and lessen the country’s reliance on oil and gas. Industry, including manufacturing, contributed […]

Vietnam vies with Myanmar and Indonesia for foreign hi-tech investment

VietNamNet Bridge – Multinational technology groups are restructuring their production strategies, giving Vietnam a reason to hope that it would be their next destination. But Myanmar and Indonesia, which also have low labour costs, are scrambling to attract the same investors as well. According to PingWest, a technology news website, Microsoft is continuing to restructure […]