BOI to bring Thai investors to Myanmar


BANGKOK, 28 October 2013 The Board of Investment of Thailand (BOI) is preparing to lead Thai investors and SMEs to Myanmar to observe the country’s economic conditions and meet with Myanmar entrepreneurs. 

Ms Rattanawimol Nari Sukrikhet, Director of the Regional Investment and Economic Center 3 of the BOI Khon Kaen, said the BOI’s trip to Myanmar was scheduled from 25-29 November 2013. Thai investors, businessmen and SMEs participating in the trip will get a chance to travel to Shan State which is abundant with produce to be used as raw materials for processed agricultural products. The director said the Thai group would meet with Myanmar’s major producers of commodities to create a business network.

The BOI will also lead the Thai businesspeople to inspect the progress of the Thiwala special economic zone and its port construction. Ms Rattanawimol added that the BOI was hoping Thai businesses would invest in Thiwala and use the port to distribute their products.

Thailand topped the list of foreign investors in Myanmar during the past five years with an investment value of 5.97 billion USD, followed by Singapore and Hong Kong. Most of the investment went to mining, oil drilling, fishery, seafood, retail and wholesale.