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 […]

New vehicle import policy disruptive to Toyota’s Myanmar strategy

Sales of Toyota cars are expected to trail behind that of other car makers in Myanmar as a result of the government’s latest vehicle import policy, a spokesperson for Toyota Motor Corporation said. Under the new policy, which was announced and made effective last month, all new imported cars must now be left-hand-drive in accordance […]

Nissan Car Dealers Wanted

Subscribe to our tender alert mailing list As part of the business expansion, we would like to invite you to join us an our pioneers in growing the Myanmar market. We welcome interested potential dealers to operate in the following regions / areas: Mawlamyine Pathein Pyay Yangon Nay Pyi Daw Magwe Taungyi Lashio Mandalay Please […]

Nissan to build cars in Myanmar for first time

YANGON — Japanese auto giant Nissan will start assembling cars in Myanmar for the first time this year, the company said Wednesday, as it expands its presence in one of Asia’s final economic frontiers. Foreign companies have piled into the Southeast Asian nation since reforms began in 2011, eager to tap into a 51.5 million-strong […]

Burma’s New Auto Policy to Promote Manufacturing, Say Experts

RANGOON — Domestic and foreign car industry experts will convene over the weekend to hash out details of a new automobile policy geared toward streamlining Burma’s ownership, manufacturing and import practices. The Myanmar Automobile Policy Conference will take place at the Union of Myanmar Federation of Chambers of Commerce (UMFCCI) in Rangoon on May 31. […]

Jaguar Land Rover rolls into growing Myanmar market

Myanmar is witnessing something that few people could have imagined just two or three years ago: New, high-end automobiles are starting to hit the roads as the economy of the once-shunned country gains… Most of the vehicles on the streets of Yangon and other major cities are still either second-hand imports or ancient cars that […]

Nissan to invest more than US$ 200 million in Myanmar

YANGON—Nissan will invest more than US$ 200 million (Ks 197.4 billion) for an auto factory construction project to be built on 100 acres of land in the Bago Region, said Aye Tun from the United Diamond Motor Company (UDMC). The e-garage subsidiary of Malaysia-based Tan Chong Group, which is manufacturing and distributing Nissan brands, had […]

Nissan factory to be built in Bago Region

A Nissan car factory is being planned on 80 acres of land in Myanmar’s Bago Region, according to company sources. The local company, United Diamond Motors have been authorised as the official distributor in July this year. “Nissan will build its auto factory in Myanmar. Once the factory is built, it will start marketing its […]

Volkswagen service centre ready to open in Yangon

Volkswagen will open a service centre in Yangon this month through an agreement with Singapore-listed Yoma Strategic Holdings announced last week. The joint service deal was reached with Volkswagen through Yoma’s majority-held subsidiary German Cars Industry Company (GCI), according to a Yoma press release issued October 23. Set to commence before the end of the […]

Ford launches as govt revamps import rules

Industry observers said they welcomed the notice, which was obtained by The Myanmar Times last week, from the ministry’s Directorate of Trade outlining parameters for distributors to sell new cars in Myanmar though some added it is at most a first step and further clarification is required. Ford became one of the first among other […]