Khine Khine Nwe Joint Secretary General UMFCCI September 28, … · 2016. 9. 27. · 3 Automobile...
Transcript of Khine Khine Nwe Joint Secretary General UMFCCI September 28, … · 2016. 9. 27. · 3 Automobile...
Khine Khine Nwe
Joint Secretary General
UMFCCI
September 28, 2016
Tokyo, Japan
Myanmar’sLight Shines bright in
ASEAN
Country withthe largest land mass in ASEAN
Borders China, India, Bangladesh,
Thailand and Lao’s
Nearly 40% of the
Worlds Population
Source: 2014 Population Census5
-
10,000
20,000
30,000
40,000
50,000
60,000
70,000
2011 2012 2013 2014 2015
GDP in Kyats (Billion)
Source: Ministry of National Planning and Economic Development 6
2011 2012 2013 2014 2015
895981 1002 1071
1200U
SD
7.3% 8.4%8.7%
7.8%
Year GDP in Kyats (Billion) %2011 44,279 5.62012 45,779 7.3
2013 49,853 8.42014 54,428 8.7
2015 58,826 7.8
Source: CSO Selected
Economic Indicators, IMF
2.76 2.83
5.71 5.91
11.1
2011-12 2012-13 2013-14 2014-15 2015-16
Infl
atio
n R
ate
(%)
7
820 851.58
966.5 997.83
1200
Ky
ats
pe
r U
S $
2011-12 2012-13 2013-14 2014-15 2015-16
34.7 33.6 31.8 30.3 27.5
27.1 27.6 28.8 29.1 35.4
38.2 38.8 39.4 40.6 37.1
Agriculture(%) Industry(%) Services(%)
Source: Ministry of National Planning and Economic Development
8
Farming72%
Livestock &
Fishery27%
Forestry1%
Agriculture
Processin
g &
Manufact
uring
74%
Construct
ion
18%
Electric
Power
4%
Mining
3%
Energy
1%
Industry
Trading45%
Transportation30%
Communication
12%Social
and Administ
ration Services
6%Rental
and Other
Services6%
Financial Services
1%
Services
0
2000
4000
6000
8000
10000
12000
14000
16000
18000
2011-12 2012-13 2013-14 2014-15 2015-16
Export (US $ Million)Import (US $ Million)
Source: Ministry of Commerce
9
US mil Export Import Total
2011-12 9,136 9,035 18,171
2012-13 8,977 9,069 18,046
2013-14 11,204 13,760 24,964
2014-15 12,524 16,633 29,157
2015-16 11,136 16,577 27,713
Source: Customs Department
10
Gas, 45%
Garments, 17%
Pulse and Beans, 11%
Gem and Jelwery, 6%
Machinery equipment,
6%
Others, 16%
Machinery equipment,
18%
Iron and Steel, 11%
Automobile, 10%
Diesel, 6%
Confectionery, 6%
Electrical Products, 5%
Others, 44%
NoCommodities/
Product
Export Value (USD
in Million)
Share
%
1 Gas 4,303.71 45%
2 Garments 1,629.77 17%
3 Pulse and Beans 1,026.86 11%
4 Gem and Jelwery 568.94 6%
5Machineryequipment
539.65 6%
6 Others 244.31 16%
No ProductImport
Value (USD in Million)
Share %
1 Machinery equipment 2,530.47 18%
2 Iron and Steel 1,515.21 11%
3 Automobile 1,374.54 10%
4 Diesel 843.31 6%
5 Confectionery 814.86 6%
6 Electrical Products 708.4 5%
7 Others 6415 44%
11
Source: Customs Department
Sr CountryExport (US
mil)
1China 4,597
2Thailand 2,893
3 India 904
4Singapore 725
5Japan 394
6Honk Kong 283
7Soyj Korea 260
8Malaysia 161
9 Indonesia 140
10USA 69
11UAE 67
12Vietnam 57
13Others586
Sr CountryImport
(US mil)
1China 6,395
2Singapore 2,971
3Thailand 1,973
4Japan 1,452
5 India 807
6 Indonesia 602
7Malaysia 589
8South Korea 397
9Vietnam 290
10UAE 129
11USA 128
12Others811
12Source: Directorate of Investment and Company Administration
0
200
400
600
800
1000
1200
0
10000
20000
30000
40000
50000
60000
70000
1990-91 1995-96 2000-01 2005-06 2010-11 2012-13 2013-14 2014-15 2015-16
FDI Trend in Myanmar
Vaule (USD in Million) No. of FDIs
YearVaule (USD in
Million) No. of FDIs
1990-91 800 41
1995-96 3,200 175
2000-01 7,400 350
2005-06 7,800 400
2010-11 35,518 454
2012-13 40,699 467
2013-14 46,226 684
2014-15 54,236 895
2015-16 63,718 1108
Source: Directorate of Investment and Company Administration 13
Sr No. ParticularsPermitted Enterprises
%No.
Approved Amount (USD mil)
1 Oil and Gas 154 22,410.368 35.17%
2 Power 10 19,684.642 30.89%
3 Manufacturing 635 6,585.705 10.34%
4 Transport & Communication 33 5,085.337 7.98%
5 Real Estate 36 3,006.451 4.72%
6 Mining 71 2,897.606 4.55%
7 Hotel and Tourism 63 2,446.365 3.84%
8 Livestock & Fisheries 36 461.085 0.72%
9 Agriculture 19 249.866 0.39%
10 Industrial Estate 4 203.113 0.32%
11 Construction 2 37.767 0.06%
12 Other Services 45 650.269 1.02%
Total 1108 63,718.574 100.00%
14
Sr No. ParticularsPermitted Enterprises
%No. Approved Amount (USD mil)
1 China 132 18,072.098 28.36%
2 Singapore 209 13,066.427 20.51%
3 Thailand 96 10,500.318 16.48%
4 Hong Kong 125 7,350.659 11.54%
5 U.K 83 4,075.418 6.40%
6 Republic of Korea 127 3,489.308 5.48%
7 Malaysia 55 1,911.338 3.00%
8 The Netherlands 14 989.566 1.55%
9 India 23 732.649 1.15%
10 Viet Nam 11 693.262 1.09%
11 Japan 86 631.527 0.99%
12 France 4 541.610 0.85%
13 Indonesia 13 254.687 0.40%
14 U.S.A 17 248.216 0.39%
15 Canada 18 197.084 0.31%
16 Philippine 3 147.173 0.23%
17 Australia 17 129.509 0.20%
18 Russia Federation 2 94.000 0.15%
19 Republic of Liberia ** 4 79.201 0.12%
20 Brunei Darussalam 18 75.667 0.12%
21 Other 51 438.857 0.69%
Total 1108 63,718.574 100.00%
15
Laws under processing
• New : Myanmar Investment Law
(Parliament discussion)
• Companies Act
• Existing : Labor related Laws
(Under discussions for reform)
Amended
Mining Law
Arbitration Law
Condominium Law
Banks & Financial Institution Law
December 2015 January 2016
(1) Through strengthened public financial management, delivering fiscal prudence and macroeconomic stability, while creating the financial space necessary for an expanding economy.
(2) Reforming state-owned enterprises and, where necessary, privatizing them.
(3) Through improving healthcare and academic and vocational education, fostering the human capital to support a modern economy.
(4) Prioritizing the rapid development of fundamental economic infrastructure such as electricity generation, roads and ports.
(5) Creating employment opportunities for our people at home, the displaced, and those returning from abroad.
(6) Actively supporting the agriculture and livestock sectors to enable inclusive growth, enhance food security, and increase exports.
National Economic Policy (2016 June)
National Economic Policy (2016 June)
(7) Promoting responsible foreign investment and economic engagement through efficient procedures, macroeconomic stability, policy predictability, and the bolstering of property rights and rule of law.
(8) Achieving monetary and financial stability, while creating a financial system that can sustainably provide capital to businesses, farmers and households.
(9) Asserting the right of individuals to freely pursue the economic opportunities they choose, in a market framework that supports a vibrant private sector.
(10) Promoting and assisting small and medium enterprises as generators of employment and growth.
(11) Yielding the benefits of democracy in driving transformational and inclusive economic growth and development.
(12) Establishing an economic framework that supports national reconciliation, based on a just balancing of sustainable resource mobilization and allocation across our States and Regions.
Japan’s Investment to Myanmar
• 11th largest investor in Myanmar (2015-16) (DICA Source)
• 0.99% of Myanmar’s total FDI (DICA Source)
• Nearly 20% of Myanmar’s total FDI (Direct and Indirect investment through other ASEAN countries) (JETRO Source)
• Combined Investment from Japan during 2011-12 and 2013-14 was $ 111 million. (DICA Source)
• About six fold to nearly 300 firms operating in Myanmar since 2011
• ( JETRO Source)
Bilateral trade between Myanmar and Japan
(USD million)
21
Sr FY Myanmar Export to Japan Myanmar Import from Japan Total Trade
12000-2001 85 212 297
22001-2002 67 356 424
32002-2003 80 203 283
4 2003-2004 115 266 381
5 2004-2005 129 162 290
6 2005-2006 134 109 243
7 2006-2007 164 159 323
8 2007-2008 185 295 480
9 2008-2009 187 170 357
10 2009-2010 178 264 442
11 2010-2011 239 260 499
12 2011-2012 326 516 842
13 2012-2013 430 1,097 1,527
14 2013-2014 596 1,357 1,953
152014-2015 499 1,726 2,225
162015-2016 394 1,452 1,846
(Myanmar Customs Dept)
What does Kyauk Phyu mean..
Why do think the Chinese has been so quiet. Direct Route to the Indian Ocean.
Save up to 8 days sailing and 5% transportation Cost.
You Must Visit Kunming A rail link (which we must own) could take a day
and a half.
Most of China investment is in the West.
Will make other big countries Eager to Join.
Thank you