Can Myanmar fisheries compete with Thailand and Vietnam?

wasting time in myanmar, unproductive meetings, wrong prospects. business partner search service

Fishery factories in Myanmar will have to compete with experienced competitors in Thailand and Vietnam if they aim to conduct successful CMP (cutting, manufacturing, packaging) operations, say industry experts.

Domestic fisheries firms will also be obliged to improve the state of their factories and machinery, and their technological and transportation systems if they are to be competitive, they said.

“We must consider whether each factory has enough capital to compete with rivals in foreign countries,” said Tun Aye, the secretary of the Myanmar Fishery Products Processors and Exporters Association. “We also must consider ways to improve electricity and water supply.”

Currently, there are only five fisheries factories in Myanmar that run CMP operations.

“To produce fishery products on a CMP basis, we must cut costs,” said Myo Nyunt, the managing director of General Food Technology Industry Co Ltd. “Electrical shortages mean we have to employ generators. We are currently not able to both pay wages and make profits.”

Fisheries exporter Win Maung said that to compete with factories in Vietnam and Thailand, shipping costs also have to be factored in.

“The transportation of a 20-foot high container loaded with fishery products from Myanmar to Japan costs around US$3,000. However, it only costs the Thais and Vietnamese about $1,500,” he said.

source: Mizzima

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Dagon City", “MOGE”, “yangon stock exchange”,"MECTEL", "hydropower", etc.

To learn about the business opportunities in Myanmar click here

To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page "Actual Sample of Client Report”. Click here to go to page.

Do you know that IE Singapore is giving up to SGD 20,000 support for Singapore company to venture into Myanmar? To learn more click here

If you are interested to be listed in our Service Provider Directory as a supplier of services or products that we can use to match with the needs of our clients in Myanmar please fill up the online form by clicking here