Several entrepreneurs and politicians in Myanmar are calling for a definitive policy on Small and Medium Enterprises (SMEs) ahead of the commencement of the ASEAN Economic Community in 2015.
Small and Medium Enterprise Development (Photo: Ministry of Industry No. 2, Myanmar) Speaking at the Upper House of Parliament on February 20, MP Myint Kyi of Yangon Region Constituency No. 8 proposed that SMEs policies should be laid out in a timely manner ahead of 2015.
U Hnin of the Myanmar Fisheries Federation said, “Currently, there are 126,958 industries in the country, of which 126,237 are SMEs—that’s 99.4 percent of the country’s economy. Therefore, establishing a conclusive policy is very important.”
According to official data, there are 9,565 SMEs situated in Myanmar’s industrial zones.