Myanmar - Building Markets
Launched 2012

Building Markets is uniquely positioned to accelerate Myanmar’s job growth and economic potential. For 10 years and across three cities (Yangon, Mandalay and Mawlamyine), the organization has developed deep market knowledge, an extensive network of local SMEs and partners, and designed tailored services that address barriers to SME growth in the region. Most recently, Building Markets has been focused on the recycling and waste management industry where there is an extraordinary challenge and opportunity to create a positive economic and environmental impact.

  • 3,215

    Businesses
    Verified

  • 624

    Businesses
    Trained

  • $ 19.76M

    Contracts
    Facilitated

From our teams to the delivery of our services, we have an inclusive and local approach:

Country Context

Population: 54.41 million (World Bank, 2020)

Languages: Myanmar

Monetary unit: The Kyat

Main Exports: Natural gas, wood products, pulses, beans, fish, rice, clothing, jade and gems

GNI per capita: US $1,310 (World Bank, 2018)

ODA received: $3.9 billion (World Bank, 2013)

Human Development Index ranking: 147 out of 189 (UNDP, 2017)

Estimated GDP growth: 6.8% (World Bank, 2019)

A Land of Opportunity

Myanmar is one of Asia’s last untapped markets. With a population of 54 million, largely cut from consumption for decades, and world-class natural resources, the country shines as an attractive destination for business.

The elections in 2015 brought increased international attention to Myanmar. The easing of sanctions and the adoption of new laws and regulations to improve the business environment, and facilitate investment in particular, have increased the volume and scope of international investment and aid entering the country.

Still, Myanmar remains one of the least developed and poorest countries in the world. The peace process is in continuous progress since 2011, but a nationwide ceasefire remains elusive, with armed conflicts still happening in various locations.

Products & Services in Myanmar

  • Business Verification
  • Training and Mentorship
  • Matchmaking
  • Tender Distribution
  • Market Research

Bringing Visibility to Local Firms and Markets

Building Markets has collected nearly a million data points on over 3,600 Myanmar SMEs. This information is used to connect businesses to new opportunities and undertake market research through the following activities:

  • Leveraged our SME network to undertake research on the IT needs of local businesses for Microsoft, Google, Cisco, and HP at the US ICT Council.
  • Conducted in-depth market research on sectors with high potential for international investment.
  • With the International Growth Centre (IGC), conducted a survey on the woodworking sector that provides useful insights to connect exporters to foreign buyers.

Building Capacity

Building Markets has a network of external and internal training experts. Topics include sales and marketing, customer service, human resources management, procurement, and financial skills and literacy.

  • Trained over 750 SMEs and operated the Champion Program to provide small groups of SMEs with 2-3 months of intensive mentoring in specific fields;
  • Provided tailored training to suppliers of multi-national corporations in key areas, including anti-corruption practices, labor rights, environmental awareness, and health and safety protocols.
  • Organized regular information sessions on Corporate Social Responsibility and assist SMEs in joining the UN Global Compact.
  • Official host of Global Entrepreneurship Week (GEW) in Myanmar in 2015, 2016 and 2017, organizing dozens of events across the country designed to foster innovation and entrepreneurship.

Connecting SMEs to Supply Chains and Investment

Building Markets integrates local SMEs into supply chains and connects them to investment by making valuable information available to suppliers, buyers, and investors through the following activities: 

  • Disseminated over 4,250 tenders to interested SMEs through the online business directory, email, and SMS. This increases suppliers’ access to opportunities, expands buyers’ pool of applicants, and creates more transparency in contracting;
  • Sourced compliant and socially driven local contractors for multi-national corporations, including identifying SME and providing capacity support to selected firms to ensure their success;
  • Provided matchmaking services to connect NGOs to local suppliers, including Save the Children, IRC, Oxfam, Pact, Action Aid, WWF, UNOPS;
  • Organized regular networking functions and annual SME Forums, gathering hundreds of delegates from the private and public sector.

Reports on Myanmar

Read More
COVID-19 Impact on SMEs in Jordan, Türkiye, and Myanmar – Research Brief (2020)
Report

COVID-19 Impact on SMEs in Jordan, Türkiye, and Myanmar – Research Brief (2020)

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An Overview of Myanmar’s Recycling Industry (2019)
Report

An Overview of Myanmar’s Recycling Industry (2019)

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Fostering Myanmar Suppliers: Connecting SMEs to New Opportunities (2014)
Report

Fostering Myanmar Suppliers: Connecting SMEs to New Opportunities (2014)

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Read More
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