UMFCCI is encouraging Small and Medium Enterprises (SMEs) to embrace digital technology to ensure their long term survival

As small and medium enterprises in Myanmar are facing challenges, the Union of Myanmar Federation of Chamber of Commerce and Industry is encouraging small and medium-sized enterprises to pursue digital competency to ensure their long-term survival, a chamber executive member said in an exclusive interview.

Aye Tun, vice president of the chamber’s SMEs Committee and vice president of Myanmar Industries Association, said technology could ensure SMEs of success as they seek to expand in the digital era. 

To assist them, the federation and Kasikorn Bank have launched the “KBank Biz Plan Challenge” for digital entrepreneurs. 

Training has been underway since June 29 for a competition to be held on August 20. The participants selected will meet successful Thai businesspeople during a trip to Thailand on August 3031, and the winner will receive a US$10,000 prize.

“For Myanmar SMEs to expand overseas, they need to be strong in the domestic market first,” Aye Tun said. “Then they can produce more and let the world know about the quality of made-in-Myanmar goods. It’s time we got out of import dependency. In this regard, technology does matter.”

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