Banking in CLMV: Things to know before making an investment
As business opportunities open wider ahead of the launch of the Asean Economic Community (AEC) in 2015, the four less-developed economies, often referred to as CLMV (Cambodia, Laos, Myanmar and Vietnam) are among the most attractive for Thai investors… The disparity between CLMV and the three more developed economies is even more stark in terms of access to ATMs. The number of automated teller machines in Laos and Cambodia is around 15 to 18 times lower than in Thailand, even when adjusted for population size. In addition, the first ATM in Myanmar was only introduced to the public in Yangon in November last year…
