Amata Corp Pcl, Thailand's biggest developer of industrial estates, aims to expand into Myanmar by 2020 to capitalise on rising foreign investment in the country. The group cut its full-year revenue growth target to 5 percent on Monday, from 5-10 percent, but Siew said that under a five-year business plan, it aimed for annual revenue growth of 12.5-13 percent by 2020, with 30 percent of group revenue coming from overseas. Amata's main customers in Thailand are Japanese carmakers, and it operates the Amata Nakorn industrial estate in the eastern city of Chonburi and Amata City in the eastern province of Rayong. Nattorn said he was confident the company would achieve its 2016 target of selling 31 hectares of industrial developments this year. Communist Vietnam is one of the major destinations in Southeast Asia for foreign investment, attracting $13 billion in direct foreign investment in the first seven months of 2016, Amata, citing data from the Vietnamese government.

Source: Thanhnien News August 22, 2016 12:22 UTC