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Thai bank opens office in Myanmar

As Myanmar has recently opened up for foreign trade and investments, many Thai companies are eying to invest in the neighboring country, one among which is state-owned Krung Thai Bank, which has opened a representative office in Rangon to offer financial services to Burmese and Thai investors.
As Myanmar has recently opened up for foreign trade and investments,many Thai companies are eying to invest in the neighboring country, oneamong which is state-owned Krung Thai Bank, which has opened arepresentative office in Rangon to offer financial services to Burmeseand Thai investors.

Myanmar has been encouraging moreforeign trade and investments, especially in its infrastructuredevelopment for the economic connections among nations in ASEAN and theIndo-China Peninsula.

According to KTB presidentVorapak Tanyawong, the focus is on Thai-Myanmar border trade, whichaccounts for 150 billion THB a year or 90 percent of all trades betweenthe two sides.

Krung Thai now has 9 offices abroad and 17branches on the Thai borders, which cater to people from Myanmar,Laos, Cambodia, and Malaysia. It also aims to open another branchin Ho Chi Minh City to boost trade and investments in the region.-VNA
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