Myanmar not ready yet for auto boom

THOUGH MYANMAR has the potential for a boom in its automotive industry, it may take more than five years to enjoy tangible benefits in reality, according to Soe Tun, president of Myanmar Automobile Manufacturers and Distributors Association and managing director of Farmer Auto Trading Co. “It is not the right time for newcomers to enter […]

Policy aims to lure automobile factories

A domestic car production industry may take shape in the future as a national plan is drawn up, though for now imported vehicles dominate, according to experts. Neighbouring countries such as Thailand have had success with their own auto assembly plants. Myanmar has also experimented with its own domestic production efforts – the results of […]