The Royal Thai Embassy supported the Kayin State Business Plan Competition

         The Myanmar Ethnic Entrepreneurs’ Association (MEEA), sponsored by the Royal Thai Embassy, Yangon, organized the virtual Kayin State Business Plan Competition, under the topic “Successful Business Plan Competition to Enhance East-West Economic Corridor of Kayin State, Myanmar”. H.E. U Than Naing, Minister of Planning, Finance and Development Affairs, Kayin Region Government, and H.E. Mrs. Suphatra Srimaitreephithak, Ambassador of Thailand to Myanmar, delivered their remarks at the opening session of the final round presentation which was held on 8 January 2021. The representatives from Tak Chamber of Commerce also joined the event as a board of judges, together with representatives from Myanmar side.

          The Awards Ceremony was later held on 16 January 2021 at the Ministry of Ethnic Affairs. H.E. U Zaw Aye Maung, Minister of Rakhine Ethnic Affairs, Yangon Regional Government, addressed his opening remarks. H.E. Ambassador of Thailand to Myanmar also delivered her video message to congratulate the last 5 awarded contestants as follows;

-    Winner: Agarwood products by DANA-Maximillion Group

-    1^st Runner up: ZweKaBin Fibre Internet by Year One Co., Ltd.

-    2^nd Runner up: Silver Lining Packaging by Silver Lining Group

-    3^rd Runner up: Bright & Green (Electrical Power Generation and Distribution Industry)
by Advance Young Professionals Association

-    4^th Runner up: Agricultural Supportive Products by Fertisol Co., Ltd.

The activity is part of the effort to strengthen Local-to-Local relations between Thailand and her neighbouring countries by the Department of International Economic Affairs, Ministry of Foreign Affairs of Thailand, which is aimed to promote the cooperation of local administrations and agencies along the common border. The purpose of the Competition is to encourage business development of young entrepreneurs in Kayin State, which sits on Thailand-Myanmar border, adjacent to Tak Province of Thailand. Furthermore, it offers the possibility for Thai entrepreneurs to acknowledge the capacity and potentials of Myanmar’s young entrepreneurs, specifically Micro, Small and Medium Enterprises (MSMEs). This would help support the expansion of trade and investment between Myanmar and Thailand, including the enhancement of connectivity along the concept of East-West Economic Corridor (EWEC). Overall, this project also helps promote bilateral relationship between Myanmar and Thailand in every aspect, especially economic and people-to-people contacts, as both countries are Natural Strategic Partners.

The Royal Thai Embassy hopes that the aforementioned activity will serve as an effective tool contributing, more or less, to the achievement of Myanmar Sustainable Development Plan (MSDP), targeting job opportunities creation, strengthening Myanmar’s business sector, and building up human security among Myanmar’s younger generation and ethnics groups. This would be beneficial for economic well-being of the people, which would be in return, conducive to Myanmar’s peace process.

For further information about this project, as well as contact information of the contestants, please contact Business Information Center (BIC), Royal Thai Embassy, Yangon, at the e-mail thaibizmyanmar@gmail.com.

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