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1206, 2020

Thai Infrastructure

June 12th, 2020|

By and large, Thailand’s infrastructure is excellent, but it is better in the cities than in rural towns and remote regions. However, the communications infrastructure is robust, and an initiative is in place to dramatically improve transportation infrastructure. This nation-wide initiative will improve transport by road, rail, air, [...]

1106, 2020

Thailand 4.0

June 11th, 2020|

Thailand 4.0: An Economic Model that Marries High-Tech and High-Touch The government unveiled the "Thailand 4.0" economic initiative in 2016, touting it as the "...master plan to free Thailand from the middle-income trap, making it a high-income nation in five years." Although the time frame of the plan [...]

906, 2020

World’s Fastest-Growing Region

June 9th, 2020|

Thailand: A Leading Destination for Foreign Direct Investment Foreign direct investment (FDI) is an important piece of Thailand’s economic puzzle. As such, the country actively courts foreign investment through its Board of Investment (BOI). The BOI promotions are paying off handsomely, as business-friendly Thailand is one of the [...]

606, 2020

Thailand’s New Engines of Growth

June 6th, 2020|

Thailand’s Stable Economy and Strong Export Base After Indonesia, Thailand is the second-largest economy in Southeast Asia and the eighth-largest economy in all of Asia. Its currency, the Thai baht (pronounced bought), was #10 on the list of most-used payment currencies as of 2017. Gross domestic product (GDP) [...]

206, 2020

Gateway to the Lucrative Southeast Asia Region

June 2nd, 2020|

Thailand—Modernized Gateway to the Lucrative Southeast Asia Region The Kingdom of Thailand, located near some of the world’s most powerful economies and dynamic emerging markets, lies in the heart of the Asia-Pacific region. It is a country of mountains, hills, plains, and a long coastline that stretches along [...]

2505, 2020

Regional and International Cooperation in Thailand

May 25th, 2020|

Thailand has a long history of being a generous and liberal trading partner. In 1855, its Bowring Treaty guaranteed British trading privileges. One year later, the Harris Treaty extended trading guarantees to Americans. Cooperation with Southeast Asian neighbors Although the UK and US treaties corroborate Thailand’s well-earned reputation [...]

1705, 2020

Thailand’s Business-Friendly Climate

May 17th, 2020|

Thailand’s Streamlined Laws, Regulations, and Application Procedures for Businesses: Thailand possesses a well-deserved reputation as a desirable place to conduct business. The Thai government has long been lauded for its fair, transparent dealings with foreign investors. According to a 2018 World Bank report, Thailand ranked 26th of 181 [...]

1405, 2020

Science and Technology in Thailand

May 14th, 2020|

Thailand is gradually shifting from an economy characterized by heavy industry to a high-value manufacturing economy. Under the economic model Thailand 4.0, the country is focusing on promoting the use of science, innovation, and advanced technology in 13 targeted industries. Thailand terms these industries “New Engines of Growth,” [...]