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Myanmar manufacturing sector attracts $179 million in past seven months

A total of 35 foreign enterprises pumped US$179 million into Myanmar’s manufacturing sector in the past seven months (April-October) of the current financial year 2022-2023, including capital expansion by the existing enterprises, as per the statistics released by the Directorate of Investment and Company Administration (DICA). Myanmar attracted foreign direct investments of $1.45 billion from 52 enterprises during April-October period. The majority of the investments brought into the manufacturing sector. Agriculture sector drew $3.5 million from two projects.

Power sector received $817 million from 10 projects, while one enterprise put $29 million in the real estate sector and two other foreign enterprises made an investment of $413.068 million in the service sector respectively. Mining sector earned $7 million from one project, while one enterprise also put investments of less than a million into the hotels and tourism sector and some capital expansion of the existing businesses are also seen. Additionally, the livestock and fisheries sector saw a capital expansion of $1.545 million.

The manufacturing enterprises and businesses that need a large labour force are prioritized to create job opportunities for the local community, according to Myanmar Investment Commission. Although some labour-intensive enterprises faced financial hardship amid the COVID-19 negative impacts and the political changes, the industry is now returning to normal after the COVID-19 vaccination programme for the workers, as per the HIS Markit’s September report. In a bid to boost factory productivity with a healthy workforce in the garment industry, Mobile Medical Check to garment workers took place in Yangon and Nay Pyi Taw, supported by UNICEF Myanmar.

Moreover, Myanmar Garment Manufacturers Association has organized Labour Law Awareness and WCC Training since July 2022, with the support of the UNICEF Myanmar. It aims to provide the soft skills needed for industrial development and create a better workplace for garment workers. Additionally, the association launched voluntary labour compliance assessment-VLCA Online System in November 2022. Myanmar’s manufacturing sector is largely concentrated in garment and textiles produced on the Cutting, Making, and Packaging basis, and it contributes to the country’s GDP to a certain extent. Myanmar has drawn foreign direct investment of more than $647.127 million from 49 enterprises in the past mini-budget period (October 2021-March 2022). Of them, 40 foreign enterprises put investments in the manufacturing sector, pumping the estimated capital of $202.667 million.

Source: The Global New Light of Myanmar

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Myanmar manufacturing sector attracts $129 million from China in H1

A total of 29 foreign enterprises pumped US$129 million into Myanmar’s manufacturing sector in the first half of the current financial year 2022-2023, including capital expansion by the existing enterprises, as per the statistics released by the Directorate of Investment and Company Administration (DICA). Myanmar attracted foreign direct investments of $1.24 billion from 39 enterprises during the April-September period. The majority of the investments were brought into the manufacturing sector. The power sector received $702.4 million from six projects, while one enterprise put $29 million in the real estate sector and two other foreign enterprises made an investment of $378 million in the service sector respectively.

Additionally, the livestock and fisheries sector saw a capital expansion of $1.545 million. The manufacturing enterprises and businesses that need a large labour force are prioritized to create job opportunities for the local community, according to Myanmar Investment Commission. Although some labour-intensive enterprises faced financial hardship amid the COVID-19 negative impacts and the political changes, the industry is now returning to normal after the COVID-19 vaccination program for the workers, as per the HIS Markit’s September report.

In a bid to boost factory productivity with a healthy workforce in the garment industry, Mobile Medical Check to garment workers took place in Yangon and Nay Pyi Taw, supported by UNICEF Myanmar. Moreover, Myanmar Garment Manufacturers Association has organized Labour Law Awareness and WCC Training since July 2022, with the support of UNICEF Myanmar. It aims to provide the soft skills needed for industrial development and create a better workplace for garment workers.

Additionally, the association will be launching the voluntary labour compliance assessment-VLCA Online System in November 2022. Myanmar’s manufacturing sector is largely concentrated in garment and textiles produced on the Cutting, Making, and Packaging basis, and it contributes to the country’s GDP to a certain extent. Myanmar has drawn foreign direct investment of more than $647.127 million from 49 enterprises in the past mini-budget period (October 2021-March 2022). Of them, 40 foreign enterprises put investments in the manufacturing sector, pumping an estimated capital of $202.667 million. 

Source: The Global New Light of Myanmar

Rangoon Tea House in Yangon, Myanmar on April 26, 2017. 

Photographer: Taylor Weidman

Myanmar food manufacturers need to seek mandatory GACC registration

Myanmar food exporters are required to be registered with the General Administration of Customs of the People’s Republic of China (GACC), according to the Ministry of Commerce. According to GACC Decrees 248 and 249, GACC registration is mandatory for food exporters starting from 1 January. That being so, Myanmar’s food products in 18 food groups such as meat products, fishery products, dairy products and edible bird’s nests, honey and honey products, eggs and egg products, edible oil, frozen food products, edible seeds and nuts, malted barley, fresh vegetable, dried beans, spices, hard nuts and seeds, dried fruits, coffee beans and cocoa beans, special nutritious food and supplements are required to be registered with GACC.

For GACC registration, the relevant authorities are the Agriculture Department, the Livestock Breeding and Veterinary Department (LBVD), the Fisheries Department and Food and Drugs Administration. Between 1 December 2021 and 30 September 2022, 1,850 applications of 1,022 companies and factories have been submitted to GACC. Among them, 1,711 applications by 883 companies were forwarded through the Agriculture Department, while 118 through the Fisheries Department, 12 through the LBVD and nine through the FDA. Exporters can directly access China International Trade Single Window through https://cifer.singlewindow.cn by creating accounts for those food groups which are not listed on those 18 groups. 

Source: The Global New Light of Myanmar

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Business conditions within Myanmar’s manufacturing sector have declined for three consecutive months, with employment declining for the first time in eight months

Business conditions in Myanmar’s manufacturing sector declined for three consecutive months, with employment declining for the first time in eight months, according to the S&P Global Myanmar Manufacturing PMI for July 2022. In July, business conditions in Myanmar’s manufacturing sector have been declining for three consecutive months. In addition, the rate of decline was faster than the rate experienced in June. A sharper decline in production and new orders partly drove the strong decline. It also reported that sector-wide hiring declined for the first time in eight months.

In terms of prices, production costs and sales prices, which saw inflationary pressures calm significantly in July, continued to increase overall. The key S&P Global Myanmar manufacturing PMI, a composite index of manufacturing performance, fell to 46.5 in July from 48.2 in June, showing conditions in the sector fell for three consecutive months. Furthermore, the rate of decline was seen as the fastest since October 2021.

Production volumes fell at a faster pace in July and the rate of decline in factory orders accelerated. Members often stressed that buyers’ financial constraints put pressure on new order acquisition. In addition, ongoing material shortages and rising supplier costs have further reduced production volumes and even resulted in temporary factory shutdowns on occasion. Firms cut their workforce in July as production demand eased. The rate of job cuts was modest, but it ended seven straight months of rising hiring rates.

Most firms reported no changes in staffing levels, but those that did reduce staffing indicated that this was linked to salary dissatisfaction among staff and a decrease in order intake. “Buyers’ financial constraints; Product shortages and rising supplier costs are linked to a faster decline in both production and new orders. Also, the number of employees decreased for the first time in eight months, and purchasing activity declined at a faster rate,” said Maryam Baluch, economist at S&P Global Market Intelligence.

Source: Daily Eleven

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Myanmar’s CMP export earns some US$400 mln in March, increasing by $135 mln year on year

Myanmar earned about $404 million from the garment export in March 2022 increasing by $135 million compared to the same period last year, according to the Central Statistical Organization of the Ministry of Planning and Finance. In March 2022, the garment exports earned $403.8 million while $268 million in March 2021. This year earned $135.8 million more than the same period of the previous year.

The country earned $217.2 million from garment exports in February 2021 while $268 million in March, $238.7 million in April, $278.5 million in May, $319.3 million in June, $310.7 million in July, $424.5 million in August, $378.3 million in September, $302.9 million in October, $337.9 million in November, $414.3 million in December, and $ 410.3 million in January 2022, $360.6 million in February and $403.8 million in March.

In the 2019-2020FY, the country earned nearly $4.8 billion from garment exports and the amount decreased by more than $63 million compared to the same period, according to the ministry’s figures. The CMP sector ranks first in the investment sector in three months of this FY. It creates job opportunities for most locals and there are 671 CMP factories/industries in the country. The Myanmar citizens make investments in CMP such as garments, shoes, bags and wig factories and the Chinese, Korean and Japanese invest in that sector most.

Source: The Global New Light of Myanmar

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Raw materials import by CMP businesses jumps to $824 mln as of 8 July

Imports of raw materials by CMP (cut-make-pack) businesses rocketed to US$824.379 million between 1 April and 8 July in the current financial year 2022-2023, which reflects a sharp increase of $456 million compared with the year-ago period, according to the Ministry of Commerce.

The figures rose from $368.27 million registered during the-year ago period, the Commerce Ministry’s data indicated. Although some labour-intensive enterprises faced financial hardship amid the COVID-19 negative impacts and the political changes, the industry is now returning to normal after the COVID-19 vaccination programme for workers as per the IHS Markit’s September report.

In a bid to boost factory productivity with a healthy workforce in the garment industry, Mobile Medical Check to garment workers took place in Yangon and Nay Pyi Taw, supported by UNICEF Myanmar. Myanmar’s manufacturing sector is largely concentrated in garments and textiles produced on the Cutting, Making and Packaging basis, and it contributes to the country’s GDP to a certain extent. Myanmar mainly exports CMP garments to markets in Japan and Europe, along with the Republic of Korea, China, and the US.

Source: The Global New Light of Myanmar

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Maximum amount of CMP garments, industrial raw materials, agricultural products exported abroad in Q1

During the three months of the 2022-2023 Financial Year-FY, industrial raw materials, including CMP garments, were exported the most, and agricultural products were the second largest, according to the Ministry of Economy and Commerce. In this way, industrial raw materials worth US$2,699.385 million were exported from 1 April to 1 July of the 2022-2023FY.

During this period, among the industrial raw materials exported from Myanmar, officials were able to export the most CMP garments, as well as the most industrial raw materials exported to foreign countries. In the same period of the 2021-2022FY, industrial raw materials worth $1,958.575 million were exported, and this year it was able to export $740.81 million more worth of goods compared to the same period of the previous year.

During the three months from 1 April to 1 July of the 2022-2023FY, agricultural products worth $1,097.809 million were exported by private owners. During the three months of FY2022-2023, it was able to export the second-largest number of agricultural products to foreign countries. In the 2021-2022FY, the export value of $1,102.605 million has decreased compared to the previous year by $4.796 million. 

Source: The Global New Light of Myanmar

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Myanmar manufacturing sector attracts $11 million from China in Q1 (April-June)

Seven Chinese enterprises brought in US$11.112 million into Myanmar’s manufacturing sector in Q1 (April-June) of the current financial year 2022-2023, as per the statistics released by the Directorate of Investment and Company Administration (DICA). Myanmar drew foreign direct investments of $21.99 million in the first quarter. All the investments pumped into the manufacturing sector only. In addition to over $11 million investments by Chinese companies, two enterprises from Hong Kong SAR put $5.7 million and Japan invested an estimated capital of $3.1 million into the manufacturing sector in the past three months.

The existing enterprises from China (Taipei) also increased $2 million investments in the manufacturing sector. The manufacturing enterprises and businesses that need a large labour force of the local community are prioritized in creation of job opportunities, according to the Myanmar Investment Commission. Although some labour-intensive enterprises faced financial hardship amid the COVID-19 negative impacts and the political changes, the industry is now returning to normal after the COVID-19 vaccination programme for the workers, as per the HIS Markit’s September report.

In a bid to boost factory productivity with a healthy workforce in the garment industry, Mobile Medical Check to garment workers took place in Yangon and Nay Pyi Taw, supported by UNICEF Myanmar. Myanmar’s manufacturing sector is largely concentrated in garment and textiles produced on the Cutting, Making, and Packaging basis, and it contributes to the country’s GDP to a certain extent. Myanmar has drawn foreign direct investment of more than $647.127 million from 49 enterprises in the past mini-budget period (October 2021-March 2022). Of them, 40 foreign enterprises put investments in the manufacturing sector, pumping the estimated capital of $202.667 million. 

Source: The Global New Light of Myanmar

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Manufacturing sector only source of FDI in past two months

Foreign direct investments were pumped into the manufacturing sector only in the past two months (April-May) of the 2022-2023 financial year, as per the statistics released by the Directorate of Investment and Company Administration (DICA). Seven enterprises from China, Hong Kong SAR and Japan put estimated capital of US$13 million into the manufacturing sector in the past two months. The existing enterprises from China (Taipei) also increased $2 million in investments in the manufacturing sector.

The manufacturing enterprises and businesses that need a large labour force are prioritized to create job opportunities for the local community, according to the Myanmar Investment Commission. Although some labour-intensive enterprises faced financial hardship amid the COVID-19 negative impacts and the political changes, the industry is now returning to normal after the COVID-19 vaccination program for the workers, as per the I HS Markit’s September report.

In a bid to boost factory productivity with a healthy and nutritious workforce in the garment industry, Mobile Medical Check to garment workers took place from 9 to 13 May 2022 in Yangon and Nay Pyi Taw, supported by UNICEF Myanmar. Myanmar’s manufacturing sector is largely concentrated in garments and textiles produced on the Cutting, Making, and Packing basis, and it contributes to the country’s GDP to a certain extent. Myanmar has drawn foreign direct investment of more than $647.127 million from 49 enterprises in the past mini-budget period (October 2021-March 2022). Of them, 40 foreign enterprises put investments in the manufacturing sector, pumping the estimated capital of $202.667 million. 

Source: The Global New Light of Myanmar

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4 enterprises pump $5.99 mln of FDI into manufacturing sector in April

Only the manufacturing sector attracted foreign direct investment in April 2022 of the 2022-2023 financial year, as per the statistics released by the Directorate of Investment and Company Administration (DICA).
Four enterprises from China and Hong Kong SAR put an estimated capital of US$5.99 million into the manufacturing sector last month. Manufacturing enterprises and businesses that need a large labour force are prioritized to create job opportunities for the local community, according to the Myanmar Investment Commission.

Although some labour-intensive enterprises faced financial hardship amid the COVID-19 negative impacts and the political changes, the industry is now returning to normal after the COVID-19 vaccination programme for workers, as per the HIS Markit’s September report. Myanmar’s manufacturing sector is largely concentrated in garments and textiles produced on the Cutting, Making, and Packing basis, and it contributes to the country’s GDP to a certain extent. Myanmar has drawn foreign direct investment of more than $647.127 million from 49 enterprises during the October-March period.

Of them, 40 foreign enterprises put investments in the manufacturing sector, pumping the estimated capital of $202.667 million in the past mini-budget period (October 2021-March 2022). Additionally, the agriculture sector drew one project worth of $5 million. The livestock and fishery sector attracted two enterprises with investments of more than $19 million. Power, construction and hotels and tourism sectors have one new project each in the past mini-budget period and three other enterprises invested in other service sectors. 

Source: The Global New Light of Myanmar