Published
Sunday, February 24, 2013 - 20:02
Time to address SME policy
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.
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.
