Franchise Opportunities in Myanmar
Popular franchise directions in Myanmar
Attractiveness of Myanmar for the development of franchise business
Myanmar, formerly called Burma is a country in Southeastern Asia with a population of 54,183,323 citizens, more than 37 % of which live in urban areas. The median age of people in Myanmar is 27.9 years. The biggest cities are Yangon ( 4.48 mln), Myanmar (1,21 mln), Naypyidaw (925,000), and Mawlamyine with 438,861 residents.
Traditionally the economy of the country was based on agriculture, forestry, and fishing, however, nowadays the most successful economy branches are driven by the demand for ready made clothes, food, education, bank services as well as retail, oil and gas prospects.
The new tendencies have also influenced the appearance of many franchise businesses in the country. Myanmar’s franchise sector started in 2013 and now the country has nearly 65 foreign franchise companies working mostly in the largest cities. They are mostly from the USA, Singapore, Thailand, Malaysia, Indonesia, Philippines, Korea, and Japan. However, there are also home-based franchises available on the market which are highly popular among investors from all over the world.
Due to the young population, expanding the middle class and strong GDP growth the demand for high-quality goods and services is constantly growing. Which creates favorable opportunities for food & beverage, quick service restaurants, retail stores, ice cream parlors, vocational and executive level education, retail and convenience stores, health, beauty and wellness franchise businesses.
There are high investment business opportunities, as well as cheap franchises in Myanmar presented for review, the choice is yours.
Indicators of Business Market in Myanmar
Currency: Kyat (K) (MMK)
Education Index (2015): 0,41
Official languages: Burmese
Per capita GDP (PPP): $1,490
Quality-of-life index (0-10): -
Population: 53,58 mln
Total GDP (PPP): $69,322 billion
Ease of Doing Business Ranking, Rank: 171
Human Development Index (HDI): 0,578