Bangkok Airways eyes 3 routes in Myanmar and Vietnam

Bangkok Airways has set its sights on covering two additional Myanmar cities and a second Vietnamese destination as part of a regional expansion. Bangkok Airways hopes to secure regulatory approval from Myanmar civil aviation authorities for the two routes, a process that may take up to eight months. But the carrier is not in a […]

Telenor to roll out 4G in Myanmar as soon as summer

YANGON — Telenor Group will launch fourth-generation cellular service in Myanmar as early as this summer, Petter Furberg, CEO of the Norwegian carrier’s local arm, told The Nikkei. Telenor Myanmar is testing 4G in four cities. The rollout will begin when more spectrum becomes available, Furberg said. Myanmar’s government plans to hold an auction for […]

Embattled Vietnam property developer pledges another $230 mln for Myanmar project

Vietnamese real estate conglomerate Hoang Anh Gia Lai Group has started work on the second stage of a major project in Myanmar estimated to cost US$230 million. The amount accounts for more than half of the total projected cost of the Hoang Anh Gia Lai Myanmar Center in Yangon. The group announced at a groundbreaking […]

Capital Diamond Star Group to bring coffee mix to American shelves through venture

3 The brand name has been changed to Ideal Tastes, but the product will be similar to the popular Myanmar brand Premier, according to Lim Chong Chong, chief financial officer for Capital Diamond Star Group, a large local company. Branding on the package of the instant coffee will be in English, Chinese, Spanish, Vietnamese and […]

S’pore realty developer acquires 50 percent stake in Vietnamese counterpart: report

Singaporean real estate and investment firm Rowsley Co. Ltd. has reached a deal to own a 50 percent stake in a Vietnamese company developing a complex worth over half a billion U.S. dollars in Myanmar, according to The Straits Times. Rowsley, partly owned by billionaire Peter Lim, who is one of the richest people in […]

Middle and Affluent Class in Vietnam and Myanmar Will Double in Size by 2020

HO CHI MINH CITY, VIETNAM–(Marketwired – Dec 18, 2013) – The middle and affluent class will double in size in Vietnam and Myanmar between now and 2020, according to a publication by The Boston Consulting Group (BCG). Consumers in these two Southeast Asian countries are also among the most optimistic in the world — more […]

Myanmar waives visa for Vietnamese

Vietnamese passport holders would no longer have to get a visa to visit Myanmar from October 26 this year, the Foreign Ministry has said. According to the visa exemption pact between Vietnam and Myanmar, citizens need to have their passports valid for at least six months, and their stay in Myanmar must not exceed 14 […]