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.
That the Asian economic area is likely the most lasting growth market for the next decades is well known among export-oriented companies. It is conspicuous that especially German SME’s (Small and Medium Enterprises) put “Asia” on the same level with “China”. Unlike the former colonial power states of France, England and the Netherlands, established bonds with optional countries like Malaysia, Indonesia, Thailand or Vietnam are obviously lacking.
For German companies, Asian engagement mainly represents entering the Chinese market. Interestingly enough, experts note that most of the German investors in China have not sent back home a single Euro yet. This factor, relevant as it might be, does not seem to play a relevant role in the location selection for the Asiatic economic region.