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Thailand’s Investment in 2013 Likely to Reach 900 Billion Baht

November 27, 2013 Destination Thailand No Comments Email Email

Thailand’s investment value from January to October 2013 amounted to 757 billion baht. It is expected that the value will reach about 900 billion baht by the end of the year, against 1.46 trillion baht registered in 2012.
Secretary-General of Thailand Board of Investment (BOI) Udom Wongviwatchai said that the ongoing political conflicts in the country are unlikely to have an impact on investment, as long as there is no violence.

However, he said, low exports and the slowdown in the global economy are likely to become major factors that affect the investment value. These factors would also have a negative impact on business expansion by the private sector. As for 2014, BOI believed that Thailand’s investment value would be 900 billion baht, as it would be in 2013.

Service and public utilities are industries with the highest investment value in 2013, followed by metal products, machinery, and transport equipment. Japan remains the largest group of foreign investors in Thailand.

Mr. Udom said that small and medium-sized enterprise (SME) operators from Japan were interested in investing more in Thailand. Between January and October 2013, Japanese SMEs sought BOI promotional privileges for a total of 351 projects, valued at more than 19 billion baht. These projects involve mainly supporting industries that produce components and parts for large industries in Thailand, especially the automotive industry.

A group of leading representatives of the New Zealand business sector visited Thailand from 17 to 20 November 2013 to explore trade and investment opportunities. They accompanied the Right Honourable John Key, Prime Minister of New Zealand, on his official visit to Thailand during the period.

According to the Secretary-General, Thailand’s new investment policy has been worked out and brought up for discussion with the private sector and relevant government agencies, such as the Ministry of Finance and the Office of the National Economic and Social Development Board. The next step is that the policy will be proposed to the new BOI board for approval.

The new investment policy, to be implemented from 2014 to 2017, focuses on promoting knowledge-based industries and research and development. Greater emphasis will also be placed on creating balances in Thailand’s economic, social, and environmental development and adding value to the use of limited resources in the country. The policy seeks to improve existing rules and regulations in order to create an atmosphere conducive to investment, as well.

Every year, the World Bank conducts a study of Ease of Doing Business in countries around the world. Ease of Doing Business 2013 ranks Thailand the 18th in the world and the sixth in Asia. Among ASEAN countries, Thailand comes third, after Singapore and Malaysia.

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