By Khin Yupar |
Myanmar is situated in Southeast Asia and shares a border with Thailand to the southeast, stretching for about 2,416 km (1,501 mi). Thailand is the second-largest economy in Southeast Asia and a leader in production, automobile manufacturing, and tourism, making it an attractive destination for business expansion. This article explores popular business sectors for Myanmar entrepreneurs in Thailand and provides an overview of the Myanmar migrant community.In a June 2023 report from multiple organizations focused on Myanmar, it was noted that as of April 2023, approximately 2.5 million documented migrants were residing in Thailand, with about 75% of them hailing from Myanmar.
Thailand has demonstrated considerable economic resilience, transitioning from a low-income to an upper middle-income country in less than a generation. The Thai economy, which experienced modest growth in recent years, is projected to accelerate, bolstered by increasing private consumption and a significant rebound in tourism. The country’s GDP growth rate is expected to reach 3.7% in 2023, driven by these factors alongside a recovering global demand (Deloitte Thailand, 2023; World Bank Thailand Overview).
Thanks to the growing employment opportunities available, Myanmar migrants move to Thailand to secure jobs and advance their careers. Following that, some Myanmar businesses expanded into Thailand to participate in its robust economy and meet the needs of Myanmar citizens residing there.
Popular Business Sectors for Myanmar Entrepreneurs in Thailand
Food and Beverage Industry
Myanmar and Thailand share similar food styles in daily life. Myanmar restaurants in Thailand capitalize on the shared gastronomic heritage between the two countries which attracts not only Thai locals but also foreigners. Notable examples include “YKKO,” a famous Myanmar Chinese-style restaurant, and “FEEL,” known for its traditional Myanmar cuisine, both of which have opened branches in Thailand. With the Thai food market projected to grow significantly, entering this sector with a focus on health-conscious and sustainable offerings could prove lucrative.
Manufacturing
Many Myanmar manufacturers depend on the Thai market, especially for raw materials like fabric and cosmetics ingredients. Some local manufacturers have established factories in Thailand to export goods back to Myanmar for local sales. Companies considering this move should navigate Thailand’s comprehensive regulatory requirements to ensure compliance.
Retail & Wholesale
Given Myanmar’s rich traditional heritage and textiles, entrepreneurs can establish specialty clothing stores in Thailand to display Myanmar’s exquisite textile traditions. Such stores not only appeal to the local Myanmar community but also attract Thai nationals and international tourists looking for unique cultural products.
Tourism
Thailand is a top tourist destination in Southeast Asia, attracting many Myanmar citizens who come for shopping excursions and to participate in popular cultural and social events. In addition to these social aspects, Thailand is also a popular medical tourism destination among Myanmar citizens.
Legal Considerations for Entrepreneurs
It is important for every entrepreneur to follow Thailand’s business regulations. Among these, the protection of intellectual property (IP) rights is crucial. Under Thai law, trademarks are protected based on the “first to file” system, meaning ownership of a mark is established by registration, not by first use.
Depending on your business, different IP protections may apply. If you are interested in learning more about intellectual property protection specific to your business, we are happy to assist you. With 25 years of experience in IP, we are ready to help you protect your intellectual property rights in Thailand. For further assistance, contact us at kass@kass.asia.