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6 July 2009

Thai businesses to seek opportunities in Myanmar

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Thailand’s Board of Investment (BoI) will lead some 25 Thai businessmen to explore investment opportunities in four major cities in Myanmar next week, state news agency TNA quoted a senior BoI official as saying Sunday.

Vasana Mututanont, director of BoI’s International Affairs Bureau, said under the agency’s programme called ‘Business Mission’, the prospective investors will leave Bangkok and visit four  Myanmar cities including Yangon, Toungoo, Bagan and Mandalay between July 13-17.

The BoI official said that the Thais will have opportunities to discuss with Myanmar entrepreneurs regarding several important industries, including furniture manufacturing, cement and automobile assembly.

Currently, major Thai goods exported to Myanmar are motorcycles, vegetable oil and diesel oil. Most goods are exported through the Thai border district of Mae Sot.

So far, Thai businesses have invested in 58 projects in Myanmar with a combined value of about $7.4 million.

Under the ‘Business Mission’ activity, Thai investors are encouraged to invest in neighbouring countries including Laos, Cambodia, Vietnam and Myanmar as Thailand shares borders with them, said Mrs. Vasana.

Investment in these countries could be expanded to southern China and India in the near future after transportation facilities are built.


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