The bank’s Managing Director, Theetanant Srihong, noted that the majority of these business operators are looking at forming joint ventures with the country’s private sector, effectively bypassing the nation’s legal complications and issues of high public utility cost.
Mr. Theeranant said 20-30% of investors scouting opportunities in Myanmar ended up entering into such joint ventures. He said the number of investments by Thai businesses is still behind that of Singapore, but the pace has visibly quickened.
He said the first group of investors penetrating Myanmar markets are the large and medium enterprises from the trading sector, and those business operators who are aligned with Japanese entrepreneurs. The Managing Director explained that the latter followed their Japanese partners when they expanded their investment base into the nation.