On March 9 at Yangon, Bloomberg and CABC co-hosted Bloomberg Invest Myanmar Summit featuring local entrepreneurs, international policy makers, investors and corporate executives discussed the next stage of the country’s economic transformation. The panels focus on the biggest opportunities, major development difficulties and concepts for how Myanmar will be transformed by fresh thinking and investment.
Key takeaways for the panel discussion:
- Myanmar could be the next Vietnam or Thailand, with the economy have the potential of growing as much as 10 percent. – Andrew Patrick, the U.K.’s Ambassador to Myanmar
- Access to financing is a challenge for Access to financing is a challenge for farmers and Myanmar needs to invest in farming infrastructure to lower the cost of cultivation and improve productivity. – Thadoe Hein, Myanmar Awba Group CEO
- Myanmar has to open its markets to foreigners for growth and the nation’s laws need to change to liberalize its market. – Kesara Manchusree, Stock Exchange of Thailand President
- Coca-Cola is focusing on growing organically in Myanmar rather than through acquisition – Rehan Khan, Coca-Cola Myanmar General Manager
- Vietnamese mobile phone company expects to win 25 percent market share in Myanmar. Besides, Viettel plans to launch a mobile money service in Myanmar next year. – Nguyen The Nghia, Vice General Director of Viettel