Invest in Myanmar - For Investors Seeking Opportunities in Myanmar
Invest Myanmar - The Myanmar Investment Gateway

Member area

  • The Myanmar Textile Sector

  • The Myanmar Textile Sector

Invest in The Myanmar Textile and Fashion Sector - Invest

Textile and Fashion

Like other Asian neighbours, Myanmar's garment industry has huge potential and is already growing rapidly. Orders from South Korea increased from $120 million in 2010 to $240 million in 2011. Orders from Japan increased from $170 million in 2010 to $350 million in 2011.

The Myanmar Garment Human Resource Development Centre is aiming for 700 new factories by 2015 that will employ more than 100,000 people.

The Myanmar Garment Manufacturers Association is calling for more garment factories. For the sake of the country, installing new factories in states outside of Yangon is advised. This will lessen labour density in the capital as well as create employment opportunities in other parts of the country. Additionally, the price of land in other parts of Myanmar is much cheaper than in the capital.

Did You Know?
Bargaining is an art long practiced in Asian countries including Myanmar . So feel free to ask for a proper discount when shopping in places where prices are not marked. Be careful in dealing with sidewalk vendors who... ... More

Featured news story
Myanmar allows private pharma firms
Myanmar allows private pharma firms

Featured Video
World Economic Forum on East Asia 2013 - Invest video
World Economic Forum on East Asia 2013

GDP 2010 USD 45.4 B
GDP 2012 USD 54.0 B
Inflation 9.13 %
Unemployment Approx. 35%
GDP growth 2011 5.5 %
FDI 2011 USD 1.05 B
Today on Invest Myanmar
Member Companies: 82
News Stories: 341
Myanmar Videos: 59
Interesting Facts: 29
Factsheets: 9
 © Copyrighted 2012 Invest All rights reserved.  

Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.

Crafted by Sofia Web Works®, an Invest Bulgaria company | Turkish Fashion