In MyanmarAbout Myanmar
Opportunities and threats of an investment in Myanmar
In addition, it provides for at least three years of exemptions from corporation duty and exemptions or reductions in taxation on imports of investment goods and commodities.
It is the country's plentiful reserves that have drawn the most interest, with the biggest share of external investments going to the petroleum, petrochemical and mineral industries.
These are telecommunications, finance, energy and large infrastructures.
Governments are pushing ahead with the liberalization of the telecoms industry by enabling multinational companies to establish collaborative partnerships with ICT (information and communications technology) actors. With the civil administration taking over in 2011 and successfully implementing reform, the Web has become more open to the Myanmar population. Used in Myanmar, Samsung is the leading manufacturer of cell phone, desktop computer, TV, videoplayer and refrigerator products.
Burma's authorities have initiated a series of branch reform measures to revive the bankers' business and encourage an inflow of investments, one of which allows for the establishment of international bank joints with domestic counterparts.
It is endeavouring to remedy the present state of affairs and a global energy development programme has been developed.
The Daewoo Group, a diversified company in Korea, has successfully invested in Myanmar's resources under management.
Myanmar's economic structure remains largely cash-based, with less than 20% of the country's people having direct banking services. In Myanmar, 70% to 80% of the labour force is still engaged in agricultural production.