After the 2025-26 general election, a new 34-member cabinet under President Min Aung Hlaing took office in April 2026. Facing weak growth (World Bank FY2026/27 outlook: 2%) and a fuel-price shock, the government stresses priority for local investors, attracting FDI and ASEAN economic diplomacy.
Government · leader
President Min Aung Hlaing (elected by parliament 2026-04-03; head of state and government) · 1st VP Nyo Saw, 2nd VP Nan Ni Ni Aye
Key national agenda
- Economic recovery: prioritise local investors while courting foreign investment
- Expand trade and investment ties with ASEAN and neighbours (visits to Malaysia, Thailand, India)
- Address fuel and power shortages and attract solar and other energy investment
- Grow export manufacturing (footwear, tyres, leather, rubber)
- Maintain security and stability (defence and security spending prioritised)
Government programmes
New cabinet and ministry restructuring
Proposal for 31 ministries and 30 ministers, followed by the cabinet and 46 deputy ministers being appointed
Myanmar-Malaysia High-Level Business Dialogue
Chambers of commerce explored trade and investment cooperation during the presidential visit
Attracting solar power and panel manufacturing investment
Expanding solar investment and panel production to ease power shortages in industrial zones
Export manufacturing expansion
Plan to raise output of high-demand goods such as footwear and tyres for China, India, Bangladesh and ASEAN
Business opportunities
Sanctions and compliance screening service (pre-deal due diligence for Myanmar)
Ongoing US/EU/UK sanctions and the FATF high-risk listing mean Korean firms need counterparty checks before any deal.
Korean SMEs trading with or considering Myanmar
ASEAN hub entry strategy consulting (via Thailand/Malaysia)
Myanmar is deepening ties with ASEAN neighbours, so entry through a third-country hub is realistic.
Korean consumer-goods and parts SMEs
Factory energy management and rooftop solar feasibility studies
Chronic power shortages in industrial zones create demand for self-generation.
Private manufacturers in Yangon-area industrial zones
Korean support schemes
- KOTRA Yangon market information · KOTRA — Provides Myanmar market trends and trade-regulation information (sanctions status must be checked separately).
- Export Voucher Program · MOTIE · MSS — Vouchers cover export services such as market research, legal and certification costs.
Official notices
- 2026-04-03 Parliament elected Min Aung Hlaing as the 11th President
- 2026-04-10 New cabinet sworn in, with 46 deputy ministers appointed the same day
- 2026-10-05 The President said in Nay Pyi Taw that the economy needs a boost and local investors should come first
- 2026-10-07 Presidential official visit to Malaysia to discuss trade and investment
Disaster · conflict · epidemic
High 2026-10-30
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Civil war between junta and resistance continues; junta airstrikes displace residents in Sagaing and elsewhere
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