Thai investors look for opportunities in Myanmar

The Thai Ambassador to Myanmar has suggested Thai investors shift focus to Burmese market as more developed countries have shown a great deal of interest in the country.
The Thai Ambassador to Myanmar has suggested Thai investors shift focus to Burmese market as more developed countries have shown a great deal of interest in the country.

According to Ambassador Pisanu Suvanajata, Myanmar nowadays is more open to the world than it has been in the past; moreover, its political situation is becoming more and more stabilised, resulting in rising foreign direct investment inflows as evinced by the fact that two Asian powers, Japan and the Republic of Korea , have already shown their presence there.

Thailand needs to seize this opportunity by investing more in its neighboring country, said he.

Myanmar has also made it easier for foreign entrepreneurs by restructuring its investment policies, offering privileges and benefits as well as protection to investors.

As Myanmar has been improving its basic infrastructure and computer system, the ambassador expressed his belief that Thai investors have a good chance as anyone else to be successful in Myanmar; especially in three industries namely hotel, beauty and health, and insurance, given that the purchasing power of the locals has been increasing steadily for the past years./.

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