Brief on steel industry in Myanmar

摘要

Myanmar's manufacturing sector has expanded by leaps and bounds in recent years, with its contribution to total GDP rising from 11.5% in 1989 to 35.4% in 2017. Myanmar has recently developed three major special economic zones to cater for the need of this sector; namely Dawei Special Economic Zone, Thilawa Special Economic Zone and Kyauk Phyu Special Economic Zone. Myanmar's GDP growth rate of 6.842% in 2017 was even higher than the fastest growing economy in ASEAN-6, i.e., Vietnam which registered a growth rate of 6.812% in the same year. However, Myanmar's GDP per capita was only USD1,354 in 2018, compared to Vietnam's USD2,553.