Académique Documents
Professionnel Documents
Culture Documents
Introduction
Role and Important of SMEs
SMEs in ASEAN Strategic Plan of Action for ASEAN SMEs Development 2010-2015
Achievements and Challenges of ASEAN SME Development SMEs in Myanmar Strong Points and Weak Points of Myanmar's SMEs The Way Forwards (Directions)
Conclusion
Income generation
Promotion of investment from micro and macro economic aspects.
SMEs in ASEAN
ASEAN SMEs Vision ; " To promote innovation, competitive and resilient SMEs as the new engine of growth that would contribute to the equitable economic growth"
Five Priority areas of regional co-operations: SMEs access to finance Internationalization of SMEs Establishment SME service centre.
2. 3. 4. 5. 6. 7. 8.
Access to Market
Access to Technology and Innovation
Access to Finance
Difficulties in accessing funds due to
Rigorous requirements from the banks, especially for new start up and innovative SMEs and insisting on the collateral-based lending Difficult to get the grant of loans due to the reluctance to lend to microenterprises SMEs have to rely on informal source of funds which charge high interest rates.
Recommendations To establish the ASEAN SME Regional Development Fund To support development of models on credit rating, credit guarantee scheme as well as establishing the credit risk database for SMEs To organize capacity building workshops to share good practices on access to finance
Access to Market
Lack of awareness on benefits and implications of FTAs Limited export promotion activities Use of e- channel and e-commerce not widely explored Non-tariff barriers still exist Lack of familiarity on trade facilities and customs procedures Market intelligence in ASEAN and outside of ASEAN not available
Recommendations
To organize ASEAN SME Trade Fair annually To undertake awareness programmes on FTA To reduce cost and bureaucracy in doing business To develop and ASEAN SMEs business portal
SMEs in Myanmar
SMEs represent the majority portion of businesses in the private sector of Myanmar.
SMEs account for 96% of the economic sectors in both rural and urban areas and 92% of the manufacturing sector. Myanmar economic growth is thus totally depend on the development of SMEs in the private sector. Consequently, SMEs play a vital role in National Economy. No. of employees, capital investment, production volume at electrical usage applied to classify the SMEs. No distinction in size is made for other sectors in Myanmar.
Establishment of cooperation & linkages among Gov-Private Business CommunityAcademic to develop R&D and Training facilities. Establishing an Productivity Center to improve technical and managerial capabilities of SMEs. Awareness and improvement of Supply Chain Linkage. Provide assistance and organized to attend the seminars, workshops and exhibitions at home and abroad.
Provide assistance to create awareness on regional competitiveness TQC,TQM,GMP,GAP etc. Development of ICT sector especially e commerce and e business and information to grow and expand the business.
Adopting best business practices and benchmarking. Formation of national level Industrial Development Committee (IDC)
Revising of existing laws, regulations and procedures related to the SMEs development
Tax Liberalization Granting the Loans for SMIs by the Myanmar Industrial Development Bank (MIDB)
to encourage production of new types of industrial machineries and equipments to encourage production of machineries and equipments essential for the manufacturing and processing industries
0.68 0.13
12.86
2.46
7.51
Construction Materials
4.45
66.46
Environmental
Private
Union of Myanmar Federation of Chambers of Commerce & Industry (UMFCCI)
SMEs Development
Limited of infrastructure development, Business Environment Lack of environmental awareness and knowledge
Need to give more awareness to the private sector action plans and time lines of ASEAN FTA
The greater cooperation between member countries of Asia on SMEs and SMIs development in the form of technology transfer and financing schemes should be initiated for the development of the regions as a whole and will be achieved leading to competitiveness in the global market.
Conclusion
SMEs have been and will continue to be the backbone of national economies in Myanmar and important for the Asian countries as well. No point in competing with other developed countries, developing countries should need to look into niche strength to stand out. Developing countries are difficult to go out on their own to market for their products and services in a highly competitive environment, so they should establish synergies with their neighbors. SMEs need to adopt a development mindset and look ahead, plan carefully, build up their capacity and capability and venture forward actively to achieve the ultimate goals.