Thailand eager to rebuild investors’ confidence

Board of Investment Thailand_Arno MaierbruggerThailand’ Board of Investment (BoI), the agency responsible for promotion of foreign direct investment in the country, has set the rebuilding of foreign investors’ confidence “one of the top priorities” for its action plan next year, secretary-general Udom Wongviwatchai said.

Foreign investors from Japan, the US and Europe, as well as high-potential countries including South Korea, Taiwan and Australia will be the main focus for investment promotion, he added.

“The BoI’s overseas offices will be tasked with a more vital role to ensure that Thailand’s political protests will not have any negative effect on investment promotion policies,” said Udom, who introduced a new strategy when taking over the office in 2012.

Unlike the previous strategy that covered all industrial sectors, the new strategy focuses on 10 sectors including aviation, food processing, hospitality and wellness, infrastructure, logistics and renewable energy.

“The implementation of the Asean Economic Community by the end of 2015 will be an important selling point in promoting foreign investment that Thailand has an advantage over other countries,” Udom said.

Foreign direct investment applications for the first 11 months of 2013 totaled 1,015 projects worth around $12 billion, down 22 per cent from the same period last year. The top five investors The top five investors were Japan, China, Malaysia, Hong Kong and Singapore. Metal products, machinery and transport industries accounted for 49 per cent of FDI applications, followed by service and infrastructure at 18 per cent and mining, ceramics and basic metals at 10 per cent.



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Thailand' Board of Investment (BoI), the agency responsible for promotion of foreign direct investment in the country, has set the rebuilding of foreign investors' confidence "one of the top priorities" for its action plan next year, secretary-general Udom Wongviwatchai said. Foreign investors from Japan, the US and Europe, as well as high-potential countries including South Korea, Taiwan and Australia will be the main focus for investment promotion, he added. "The BoI's overseas offices will be tasked with a more vital role to ensure that Thailand's political protests will not have any negative effect on investment promotion policies," said Udom, who...

Board of Investment Thailand_Arno MaierbruggerThailand’ Board of Investment (BoI), the agency responsible for promotion of foreign direct investment in the country, has set the rebuilding of foreign investors’ confidence “one of the top priorities” for its action plan next year, secretary-general Udom Wongviwatchai said.

Foreign investors from Japan, the US and Europe, as well as high-potential countries including South Korea, Taiwan and Australia will be the main focus for investment promotion, he added.

“The BoI’s overseas offices will be tasked with a more vital role to ensure that Thailand’s political protests will not have any negative effect on investment promotion policies,” said Udom, who introduced a new strategy when taking over the office in 2012.

Unlike the previous strategy that covered all industrial sectors, the new strategy focuses on 10 sectors including aviation, food processing, hospitality and wellness, infrastructure, logistics and renewable energy.

“The implementation of the Asean Economic Community by the end of 2015 will be an important selling point in promoting foreign investment that Thailand has an advantage over other countries,” Udom said.

Foreign direct investment applications for the first 11 months of 2013 totaled 1,015 projects worth around $12 billion, down 22 per cent from the same period last year. The top five investors The top five investors were Japan, China, Malaysia, Hong Kong and Singapore. Metal products, machinery and transport industries accounted for 49 per cent of FDI applications, followed by service and infrastructure at 18 per cent and mining, ceramics and basic metals at 10 per cent.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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