BUSINESS – VP warns Burmese firms against falling under foreign control

Burma’s Vice-president Nyan Tun has warned domestic companies working in joint ventures with foreign firms in Special Economic Zones (SEZs) not to “fall under foreign control”. According to a report by Dawei Project, Nyan Tun said that working together with foreigners will bring more investment, technology and know-how, but local firms must establish “a strategy for all obstacles”. Burma is currently implementing three SEZs in Dawei, Thilawa and Kyaukphyu, all with heavy backing from Japan and Thailand.