Myanmar ripe for investments in services sector as economy grows - News Summed Up

Myanmar ripe for investments in services sector as economy grows


"Apart from general tourists, Myanmar has high potential for niche markets like medical and education segment," he said. "Foreign investors still have a lot of opportunity in Myanmar thanks to the growing economy, and this year there is a lot of scope for the service sector. Last year, 259,678 Myanmar people travelled to Thailand, a 25.5-per-cent increase from 2014. The Bangkok-based Bumrungrad Hospital has just opened its clinic in Yangon to serve the high demand. Average spending per head per day by Myanmar tourists is Bt4,700 per day while the length of stay is eight days.The top destinations for Myanmar tourists are Bangkok, Ayutthaya, Pattaya , and Chiang Mai TAT expected to see an annual 10-per-cent increase in arrivals from Myanmar.The government is promoting Thailand as a gateway to Southeast Asia through the Asean Connectivity project, which is part of intra-regional strategies and cross-border tourism development plans.


Source: The Nation Bangkok July 17, 2016 18:00 UTC



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