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Myanmar Crisis

Foreign companies in Myanmar bide their time with eye on long view

Toyota makes just one or two trucks a day at its new assembly plant

The Thilawa special economic zone opened in 2015 outside Yangon, Myanmar's largest city. (Photo by Nikkei)

BANGKOK/YANGON -- Foreign multinationals that have chosen to stay in Myanmar walk a narrow path in a country that has long-term growth prospects under a military regime facing international condemnation.

Toyota Motor completed a new vehicle assembly plant in Myanmar right before the military seized power in February 2021 from Aung San Suu Kyi's democratically elected government. After extensive delays, production began this past September.

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