A file photo of workers in an electronics plant set up by foreign investors in Myanmar. Photo - EPA

Myanmar’s growth and forecasts make an exciting prospect for companies seeking long-term opportunities, Oxford Business Group’s The Report: Myanmar 2020, says.

The Report: Myanmar 2020 marks the culmination of 12 months of field research by a team of analysts from Oxford Business Group, is a global research and advisory company.

The publication assesses trends and developments across the economy, including those in macroeconomics, infrastructure, banking and others.

“Investors eyeing Myanmar’s potential will inevitably come across challenges typical of those found in frontier markets, such as infrastructure gaps and a workforce in need of upskilling,” OBG’s Editor-in-Chief Oliver Cornock, said.

“However, the country’s growth story over the last decade and forecasts putting it among the fastest-growing economies in ASEAN in the coming years make it an exciting prospect for companies seeking long-term opportunities.” Cornock added.

The report said that Myanmar’s inherent advantages, which include a dynamic internal market, an abundance of natural resources and a strategic location between China and India, meant it had plenty to offer the international business community.

 

“The transition under way in Myanmar’s financial services sector is gathering pace, with liberalisation continuing to drive formalisation and financial inclusion efforts across the banking industry, international players establishing a presence in the insurance segment and capital markets opening up to both foreign and local investors,” Patrick Cooke, the OBG’s Regional Editor for Asia, said.

“We look forward to analysing the next phase of Myanmar’s development as it continues to expand the role of the private sector in driving growth.” Cooke added.

The report said that Myanmar’s efforts to expand the formal economy on the back of strong GDP and trade growth are given wide-ranging coverage.

 

Oxford Business Group is a global research and advisory company with a presence in over 30 countries, from Asia, the Middle East and Africa to the Americas providing of on-the-ground intelligence on the world’s fastest growing markets for sound investment opportunities and business decisions.