Push for more investment in CLMV
Despite the strong economic growth of Cambodia, Laos, Myanmar and Vietnam, very few Thai companies have sought to capitalise on their economies, say government and industry officials. The Industry Ministry’s Department of Industry Promotion found only a few large enterprises such as PTT Plc, the country’s oil and gas conglomerate, and Siam Cement Group, the country’s industrial conglomerate, have started expanding their business in the CLMV countries. Very few Thai small and medium-sized enterprises have invested or expanded their businesses into the four countries, said Anong Paijitprapapon, the DIP’s deputy director-general. The number of Thai SMEs investing in CLMV is so small the Office of Small and Medium Enterprises Promotion has no record of them.
