Dr. Maung Maung Lay
Birth: 27 September 1950
Source of wealth: Ni Lay Naing
Address: 334/344, Anawyahtar St, Bagan Estate, Lanmadaw Tsp, YANGON
Business: Import and distribution of medicine and medical equipment
Dr.Maung Maung Lay established Ni Lay Naing in 1993, headquartered in Yangon and Mandalay. The company distributes medicine and healthcare equipment nationwide and currently among Myanmar’s leading suppliers of medicine and pharmaceutical facilities to government hospitals and private hospitals. Dr. Maung Maung Lay currently serves as a vice-president of Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI).
“Myanmar politics will eventually stablise in this year. Then, Myanmar economy will also recover.”
Any foreign business wishing to work withMyanmar has to go through the InternationalRelationship Committee of Union MyanmarFederation of Chamber of Commerce andIndustry (UMFCCI). The representative ofthe committee is Dr. Maung Maung Lay,who is famous for his friendly relation withthe media.
Dr. Maung Maung Lay was born in Yangon and graduated from No.1 Dagon HighSchool, well-known as the school fromwhere the current Myanmar State Counsellor Aung San Suu Kyi graduated. Dr. MaungMaung Lay performed well in his studiesand finished university from the Universityof Medicine (Yangon).
Although he wanted to be a successfuldoctor, he changed his career from thehealthcare industry to business in 1976 and was praised as the very first doctor in business. He worked as a medical and technicalrepresentative for American, French and English medicine companies –but also utilisedhis training for about 30 years by running avolunteer clinic.
Using his experience of working in manyinternational companies, Dr. Maung MaungLay established family-owned Ni Lay Naingin 1993. The company has its headquartersin Yangon, Mandalay and distributes international standard medicines and medicalequipment nationally, including medicineand medical equipment to governmental andprivate hospitals. With 30 years’ success, Dr.Maung Maung Lay aims to make his company one of the leading companies in globalhealthcare services sector. He learnt aboutbusiness leadership in healthcare services inJapan, India and Thailand. Under his management, his wife handles human resourcesand finances and his daughter is in charge ofmarketing. The company achieved a GlobalLeadership Award in Healthcare (2011).
Building on his reputation as a successfulbusinessman in healthcare industry and acapable person in international communications, Dr. Maung Maung Lay set up Myanmar Pharmaceutical and Medical EquipmentEntrepreneurs Association (MPMEEA) in1999 under the guidance of the Ministry ofHealth and Sport. MPMEEA is a sister association to the Union of Myanmar Federationof Chambers of Commerce and Industry(UMFCCI). He served as the President ofMPMEEA for eight years and currentlyserves as a patron. In UMFCCI, Dr. MaungMaung Lay acted as a central executive,joint general secretary, Secretary Generaland is now a vice-president (elected for thethird time). He has also acted as a UMFCCIconsultant in legislation and business law,operated by Myanmar government to helppromote the Myanmar economy.
Many foreign investors became interested in Myanmar during democratic changesin 2012. To promote foreign investments,Dr. Maung Maung Lay acted as a speakerbetween America and Myanmar to re-openbusiness routes and obtain Generalized System of Preference (GSP). He also spoke withEuropean countries to increase GSP and tostrengthen the international community. Hehas interacted with senior representatives ofother nations, such as former British ForeignMinister Boris Johnson and former Australian Foreign Minister Julie Bishop.
During his services from 2012 to 2018,the number of foreign investments in Myanmar has increased and many local businesses have formed joint partnerships with foreign businesses. Commenting on prospectsfor foreign investors, Dr. Maung Maung Layremarked, “Myanmar is not only a countrywith great potential but also a pathway tothe ASEAN market. This is such a win-winsituation for both Myanmar and early investors.”
After long experience and service forUMFCCI for 19 years, Dr. Maung MaungLay will be retiring when his current serviceyear ends, to create better opportunities andwelcome young people to the Myanmarbusiness industry.
Aside from his 30 years’ voluntary workin healthcare, he donates medicine andhealthcare facilities to volunteer clinics andhospitals. Together with private entrepreneurs, he serves as the President for Myanmar Private Sector Disaster Management,focusing on disaster-affected areas to provide medicine and medical equipment. Theassociation was important in recovery fromthe 2008 Nargis cyclone and 2013 floods,supporting disaster-affected areas withhealthcare and other resettlement.
Dr. Maung Maung Lay maintains goodrelations with many international leaders,business leaders, media and NGO. His longexperience in international relations throughmany changes in government policies, makehim a must-see person for foreign businesses planning business expansion in Myanmar.