Between 2014 and 2016, 543 FDI (Foreign Direct Investments) were reported by European companies with the Thai Board of Investment (BOI). Germany’s 94 projects put it in third place, just behind the UK.
The SGF (German: Süddeutsche Gelenkscheibenfabrik – South German Articular Disc Factory), headquartered in the Upper Bavarian city of Waldkraiburg, is for German automobile an indisputable leader in its segment of the market. The company goes to great lengths to make sure that the motor power of cars made by the likes of BMW, VW, and Mercedes, takes to the road in a way that is both noiseless and vibration-free. It is for this reason that American, Japanese, and even Chinese companies are among the clientele of this highly innovative mid-sized enterprise.
Good news about housing prices, as well. The lawmakers in Myanmar have recently decided to make it permissible for 40% of the apartments in an apartment building to be owned by foreigners. This figure is based on the laws already in place in Thailand prohibiting foreigners from owning land, while still permitting partial ownership, i.e. condominiums within a building, provided the number of foreigners living there does not exceed a certain percentage.
Trade agent offers reasonable costs for market entry to European medium-sized businesses – The distribution of German products into Southeast Asian markets is not an easy task for mid-size enterprises. One must overcome legal hurdles and establish a solid presence, all the while being sure to avoid expensive trade margins. The Thai-German trading company Sanet Trade & Services in Bangkok, however, makes what sounds like trying to square the circle become possible, offering tailor made solutions for almost every type of market entry.
It’s a success story with a difference: It was only in July 2014 that Nguy Xuan Anh established her own consulting company in Ho Chi Minh City and connected with the Sanet ASEAN ADVISORS consultancy network. Just one year later, Xuan Anh has won some well-known customers for a major project with German company Selectrona GmbH: as well as managing the construction of a manufacturing plant in Vietnam, project priorities include site selection, site evaluation, corporate structure, investment promotion, tendering of works and installations as well as recruitment.