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

Exhibitions in Myanmar

News

04.07.2018

New tax exemptions for projects implemented through grant and ODA loans

Notification 38/2018 dated 21 May 2018 specifies which taxes are exempted in the context of projects implemented through grants or ODA loans. A... more

04.07.2018

Yangon's Eco Green City project will start this year

The Eco Green City project is a two-phase project in Hlegu Township (Yangon Region) and part of the Yangon Vision 2040 drawn by JICA. The project are... more

04.07.2018

Kempinski withdrawing from Yangon, Rosewood stepping in

In the former Police Commissioner's Office building on the famous Strand Road in downtown Yangon, Rosewood Hotels & Resorts will open a luxury... more

Sponsorship Opportunity for Phandeeyar's National Robotics Team

Phandeeyar (“creation place”) was established in 2014 to support Myanmar’s digital leapfrog. It is a community tech hub that is spearheading the... more

AHK World Business Outlook - ASEAN Focus 2018

German Chamber - ASEAN Business Council published this month the new Business Outlook.

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Announcements

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

 

 

Job Vacancy

Career Opportunity at DEG

DEG, the German Government’s Investment and Development Company (part of KfW Group) is hiring a (Senior) Investment Manager / Country Representative. The position is open to local and international candidates and will be based in Yangon, Myanmar. Apply until 10 August 2018 and find more information here.

Key figures

Economic data

GDP growth (forecast 2018)

7.6%, 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 (forecast 2018)

6.1%

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 (July 2018)

1 EUR ≈ 1,634 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.