News
As of the end of October 2012, a total of 91 Japanese companies had made inroads in Myanmar, a significant increase of 75% from two years earlier, according to research conducted by Teikoku Databank, Ltd.
The number of Japanese enterprises that had launched operations in the Southeast Asian nation as of the end of October 2010 was 52, indicating it has grown approximately 1.8 times for the last two years.
By industry, wholesalers accounted for 34 of the 91, holding the largest share of 37.4%, or more than one-third of the pie.
By growth rate, transport and communication service providers amounted to 10, rising three times in two years.
By business scale, 22 businesses earned \100 billion or more every year, accounting for 25.6%, enjoying the largest share, but at the same time, some smaller firms had also begun doing business there.
The Tokyo-based credit research company said that large expectations are placed on Myanmar, which is known as “Asia’s last frontier.”
The country, where an economic liberalization is advancing at a rapid pace, enjoys a great deal of resources, such as natural gas and rare earths, and is an undeveloped consumer market.
For these reasons, Teikoku Databank anticipates the number of enterprises launching business in the Myanmar market will grow further in the future.
