the temples of Bagan in Myanmar

Southeast Asia’s New Tigers

What do you know about Myanmar and Cambodia? What comes to your mind when you think about these countries? If the answer that pops into your head is the booming economy, congratulations – you’re right!

Asia’s Next Tigers?

ASEAN conutries can be the next big thing: their gross domestic products combined to $2.73 trillion in 2017 and the economic growth in the region is impressive. A recent report from McKinsey Global Institute listed both Cambodia and Myanmar among economic outperformers. ” East and Southeast Asia has been the best-performing region, lifted by the soaring economies of all seven long-term outperformers as well as four recent outperformers: Cambodia, Laos, Myanmar, and Vietnam” states the study the of the worldwide consulting company.

Moreover, last week Myanmar’s government launched an ambitious promotion plan to attract foreign direct investment. They believe it is the key for better economic development. Myanmar Investment Commission aims to reach more than $200 billion in FDI during next 20 years.

Exciting opportunity…

… is what we think about in these two interesting ASEAN countries. We are very happy to expand Chronos Consulting’s EOR services into Myanmar and Cambodia. We have been present in the EOR and RPO sector in Asia for the last five years with operations in Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Hong Kong, Macau, South Korea and Japan.

Simon Harding, the founder of the Coberon Chronos Group states: “Our EOR services in the IT/Tech, IoT, gaming and cryptocurrency sectors have grown rapidly in the last few years. We are well positioned to deliver to our mainly US client base in this exciting region”.

 

HR Services in Southeast Asia

Are you heading to Myanmar or Cambodia to expand your business there? If you need any help with HR services: recruitment, EOR, payrolling, IT outsourcing, don’t hesitate to contact us at harding@chronosconsulting.com

  • Share