Siam Makro eyes Myanmar, Vietnam, Indonesia
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Thai retailer Siam Makro says it is keen to enter Myanmar, one of three key Southeast Asian markets it considers a priority.
Siam Makro, which operates the Makro-branded cash-and-carry stores, has confirmed to the Bangkok Post newspaper that it has completed a feasibility study on the fast-deregulating Myanmar market.
CEO Suchada Ithijarukul said the company had met with the Thai ambassador in Yangon to explore procedures for entering the country.
“We have conducted a feasibility study on Makro’s market opportunities in many Asean countries, with Myanmar, Vietnam and Indonesia being the priority destinations,” she said.
“Siam Makro is studying Myanmar consumer behaviour and foreign investment laws. If the regulations are clear, it is ready to open its first store immediately.”
Siam Makro is part of the powerful Thai conglomerate Charoen Pokphan Group.
Questions & Answers
Q.Which specific Southeast Asian markets has Siam Makro prioritised for expansion?
Which specific Southeast Asian markets has Siam Makro prioritised for expansion?
Siam Makro has identified Myanmar, Vietnam, and Indonesia as its priority destinations among the Asean countries where it conducted feasibility studies. These are the key markets it is keen to enter.
Q.What steps has Siam Makro already taken regarding its potential entry into Myanmar?
What steps has Siam Makro already taken regarding its potential entry into Myanmar?
Siam Makro has completed a feasibility study on the Myanmar market. Its CEO also met with the Thai ambassador in Yangon to explore the necessary procedures for market entry.
Q.What conditions must be met before Siam Makro opens its first store in Myanmar?
What conditions must be met before Siam Makro opens its first store in Myanmar?
Siam Makro is currently studying Myanmar consumer behaviour and foreign investment laws. It is ready to open its first store immediately once the regulations are clear and understood.
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