Earlier this year, the Thai and Japanese governments signed a memorandum of understanding (MOU) to boost investment and cooperation between the two countries. The MOU aims to enhance Thailand’s competitiveness and promote collaboration between Thai and Japanese small and medium-sized enterprises (SMEs), and follows an earlier pledge by Japan last year to expand investment in Thailand, especially in high-technology industries. During my time in the country, I have observed that Thailand’s corporate culture is still grappling with paper-heavy back-office operations that should be fully digitized, especially invoices. Fortunately, more Japanese tech firms are now following the lead of the two governments, including our own company, Sansan, a technology leader listed on the Tokyo Stock Exchange. We are bullish on the potential of Thailand as an attractive market within the wider Southeast Asia region for business growth. To that end, we recently opened a representative office in Thailand and are considering further expanding our operations there from our regional headquarters in Singapore, in addition to our recent development center in the Philippines. We see Thailand’s growing digital economy, the existing Japan-Thailand business links, and the government-backed push on digital as a big opportunity for Japan’s tech leaders more broadly, with […]