Asian company QNET, part of an estimated US$178 billion [K178,000 billion] global direct selling industry, has entered the direct selling sector in Myanmar and has set up an office in Yangon, according to a press release from the company on March 10.
“QNET firmly believes that there is nothing more empowering to individuals than the financial freedom that a career in the direct selling industry provides, and we believe the people of Myanmar, with their ambition and strong sense of entrepreneurship, will appreciate the quality consumer products we sell and the business opportunities we offer,” said Mr Stevenson Charles, QNET’s regional general manager for Southeast Asia, according to the press release.
QNET has its headquarters in Hong Kong, China.
The company, optimizing on the usage of the e-commerce platform, has contracted with local company Kyi Min Brothers Group of Companies to provide local customer support to people in Myanmar and display the QNET products.
QNET, based on its projected plan, is optimistic that the direct selling industry in Myanmar will be as progressive as is trending in other emerging markets, the report says.
With direct selling gaining popularity, Myanmar is seen to have huge potential to become a leading market in the Southeast Asian region.
Additionally, QNET, which provides a wide range of products, is expanding its business in the ASEAN Economic Community as the QNET business in the region continued to show exemplary growth, particularly in Indonesia, Vietnam, Malaysia and countries are opening up to a free market like Myanmar.