AHK Myanmar

Welcome

The Delegation of German Industry and Commerce in Myanmar is the official representation of German business in Myanmar. more

Sourcing Desk

Find your new supplier in Myanmar with us. more

Market Entry

The Delegation is your most important partner in this new market. more

Infrastructure and Logistics

Sitting between China and India, Myanmar offers a unique geo-strategic location and vast investment opportunities. more

Economic Development

Catching up at fast pace in a competitive environment. more

Green Energy Solutions

We support renewable energies as alternatives to conventional sources of power supply and the creation of Myanmar-German partnership project activities. [more]

Events

16.01.2019 - Novotel Yangon Max, LeCellier Restaurant

Joint European Chambers Networking

The Second Edition of Joint 7 European Chambers- BritCham, CCI France Myanmar, EuroCham Myanmar, German Myanmar Business Chamber, Chamber of Commerc... [more]

21.01.2019 - No. 84, Uniteam Building, 1st Floor, Function Hall, Pan Hlaing Street, Sanchaung Township, Yangon

Workshop Session: How to Build a Coaching Culture to Boost Organizational Performance

Germany Myanmar Business Chamber (GMBC) is hosting Coaching Workshop on 21 January 2019. Leadership Advisor & Executive Coach Gerrit... [more]

Exhibitions in Myanmar

No events in this list.

News

07.01.2019

Myanmar allowed to export fishery products to the European Union as of December 1, 2018

Over the past years, Myanmar has been working on a National Residue Montitoring Plan with the aim of exporting Myanmar fishery products to the EU.... more

07.01.2019

Myanmar and Hungary to manufacture electric buses

The production (semi knocked down) is planned to begin in mid-2019 and the buses shall be exported to Sri Lanka, India and Singapore as well as to... more

07.01.2019

Transforming Mandalay into an ASEAN Smart City

Mandalay was recognized by CIO Asia as the fifth most promising Southeast Asian city in the process of becoming a smart city. Inter alia, it is... more

20.12.2018

Sign up for our Tender Newsletter

We offer a special tender newsletter service which will inform you in a timely manner about tenders opened by the government or international... more

17.12.2018

Call for Applications: Westerwelle Young Founders Programme Spring 2019

The Westerwelle Foundation is looking for outstanding young entrepreneurs from emerging and developing economies who have recently (in the last 5... more

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Welcome to Myanmar

Preparing your visit to Myanmar

Are you planning your visit to Myanmar? These websites might be helpful.

Some general up-to-date information regarding health- and security advices from the Federal Foreign Office of Germany:

Myanmar: Reise- und Sicherheitshinweise

Information about the online e-visa (application) from the Ministry of Immigration of Myanmar:

Ministry of Labour, Immigration and Population

 

 

Video AHK - Auslandshandelskammer

Sophie Waldschmidt, Head of Projects and Services, Integrierte Fachkraft, gefördert durch das ExperTS-Programm des Bundesministeriums für wirtschaftliche Zusammenarbeit und Entwicklung (BMZ), vermittelt durch das Centrum für internationale Migration und Entwicklung (CIM).

Announcements and Job Vacancy

Key figures

Economic data

GDP growth (forecast 2018)

5.9%, GDP: 74 billion USD

Population (2017)

53 million people

FDI inflow (2016)

2.19 billion USD

total investment % of GDP (2017)

22%

Exports goods (2016)

11 billion USD; China, Thailand, India

Imports goods (2016)

16 billion USD; China, Singapore, Thailand

Exports services (2015)

3.86 billion USD

Imports services (2015)

2.44 billion USD

Current account balance (2017)1

-6.5% of GDP

Exports to Germany goods (2016)2

172.4 million USD; apparel, footwear

Imports from Germany goods (2016)2

76.8 million USD; machinery, vehicles

Inflation rate 

5.02%

Unemployment rate3

0.8% (2015, ILO), 4% (2014, Myanmar Census)

Aggregated rate of labor underutilization

6.9% (2015, ILO)

Central Bank interest rate

10%

Lending/ deposit rate

13% lending, 8% deposit

Exchange rate (December 2018)

1 EUR ≈ 1,773.3 MMK

1 The actual deficit may be significantly lower as exports are not always recorded.

2 Using mirror trade data gives significantly higher imports (155.8 million USD) and exports (358.8 million USD).

3 While the census asks 3 questions about the labor force, and only one specifically about unemployment, the ILO survey asks stepwise several questions about employment, which leads, eventually, to a much lower number of unemployed. There is no significant difference in the workforce.

Sources: Trade data: UN Comtrade and UNCTAD (FDI); Economic data: WB and IMF; CB of Myanmar for interest rates.