BANGKOK/HANOI — The top executives from leading ASEAN conglomerates Saha Group and FPT have sounded a warning for Japanese companies in Southeast Asia: Leave your slow decision-making and outdated technology behind or lose Southeast Asian opportunities to your Chinese and South Korean rivals.
“Japanese firms are slow in making decisions,” said Boonsithi Chokwatana, the chairman of Saha Group, Thailand’s leading consumer products conglomerate, which has numerous joint ventures with Japanese companies. “And they will lose the competition if they continue like this.”
