Thailand is a fast-developing nation, constantly poised on looking outward to assert its economic role within Asia and the wider world. This nation of 64 million people is strategically located, serving as a gateway to the rest of the region. And along its borders are countries that are considered newly emerging markets.
Yet Thailand, as an investment ooption, offers more than just a convenience of location.
Advertisement
Economic, social and political stability
Today, the Thai economy is characterized by steady growth, reaching an impressive GDP of 6.7% in 2003 - second only to China. The latest 2004 survey of the United Nations Comission for Trade and Development named Thailand the fourth most attractive nation in the world for foreign direct investment.
And while some countries in the region are often desieged by political turmoil, Thailand enjoys uninterrupted social and political stability. Its well-defined investment policies focus on liberalization and encourage free trade. The country's leadership position in the ASEAN makes it the center of economic cooperation between member nations. That means products from Thailand are easily traded in the continuously growing ASEAN market of 500 million people.
Advertisement
Investor-friendly
Thailand's infrastructure, as well as excellent communications and IT networks, ensure optimum business and living conditions. State-of-the-art industrial estates boast sophisticated facilities and superior services. English is fast-becoming the language of business and commerce. A host of professional logistics providers help facilitate export and distribution.
The country's Office of the Board of Investment helps in making things easier by providing investment information, services and incentives. Not only doeas it have a One-Stop Service Center for Visas and Work Permits, but also offers an award-winning business linkage program that brings together local and international manufacturers, suppliers and service providers. Foreign investments, especially projects that promote skills enchancement, technology and innovation, are highly ecouraged by the government.
A wide variety of options
With a rapid economic development, Thailand offers countless opportunities for investors. Abundant natural resources and skillful workers provide a wide variety of investment options. Thais have earned a worldwide reputation for their skills and expertise in many fields, from handicrafts to cutting-edge industries. The country's industrial sectors have also grown rapidly, both in the long-established and newly emerging industries, with emphasis on five sectors:
- The Automotive sector, which has earned Thailand international recognition as the "Detroit of Asia",
- the Electronics and ICT sector, which the country is also one of Asia's major exporters,
- The High-value Jewelry & Fashion sectors, which the government is making full support in promoting international branding for Thai fashion products,
- the Agro-industry, with its growing reputation as the "Kitchen of the World",
- Value-Added Services, including ROS, entertainment, healthcare and tourism, a relativley new but rapidly growing sector.
Thailand is ready for you
Visiting Thailand is a rare experience; to invest and stay here is even more so. The people, the culture, the economic landscape and everything Thailand has to offer are certainly beyond expectations.
Look towards Asia. Consider Thailand. Double your expectations.
Thailand's Office of the Board of Investment will be more than happy to help you instarting your business here.
Thailand Board of Investment