Insight into Myanmar

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On the 27th of September at the House on Sathorn, the W Hotel in the Sathorn district of Bangkok, HMC Polymers joined with Bangkok Bank to organize an informational event entitled "Afternoon Tea Talk – Insight Myanmar." The objective was to provide our customers with practical information regarding Myanmar and its current standing as a potential location for investment opportunities – the possibilities and the challenges.

The keynote speaker was Mr. Tossatis Rodprasert, Vice President & Marketing Manager of Bangkok Bank Public Company Limited, Yangon Branch. Mr. Rodprasert has 20 years of experience in Myanmar and is an authority on the region and its business culture. He not only discussed the new opportunities that have come about with the recent relaxation of military rule, but also the pitfalls that remain.

The discussion agenda and subjects included:  

Knowing Myanmar

  • Myanmar geography (western gateway)
  • Trade flows
  • Retail business model and product distribution channels
  • People, culture, market

Macro Economic
  • Government direction and political issues in Myanmar
  • Government policy toward foreign investment
  • Economic policy of new Government under Aung San Suu Kyi (including 12 topics)
  • Opportunities in Myanmar
 
Law & Regulation
  • Special economic zone law and Industrial Zone (Focusing on the Plastic Industry – Thilawa Industrial Estate)
  • Foreign investment law, foreigner work permits and business partners
  • Labor law and the recruitment system (How to find labor!)
  • EIA and community
  • Tax system and Tarifs

As the leading producer of Polypropylene in the South East Asian region HMC works closely with our valued manufacturing customers to share information on new products and markets so we have the opportunity to collaborate and grow our businesses together.