ThailandBoard of Investment
Mr. Somphong Wanapha
Secretary GeneralThailand Board of Investment
January 2003
ThailandBoard of Investment
Outline of PresentationOutline of PresentationOutline of PresentationOutline of Presentation
• Macroeconomic Overview• FDI in 2002/2003• Thailand’s Competitive
Advantages• Targeted Opportunities in
Thailand
ThailandBoard of Investment
Sources: * = Bank of Thailand ** = ThailandOutlook.com (January 10, 2003)
1998 1999 2000 2001e* 2002e**
GDP Growth (%) -9.4 4.4 4.6 1.8 4.9
GDP (US$ Bil) 111.9 122.4 122.1 114.4 125.6
Inflation (%) 8.1 0.3 1.6 1.6 0.6
GDP Per Capita 1,820 1,980 1,957 1,830 1,990(US$)
Fiscal Balance (US$ Bil) -2.6 -3.0 -2.6 -2.5 -2.8
The Macroeconomic The Macroeconomic Picture in StatisticsPicture in Statistics (1 of 2)(1 of 2)
The Macroeconomic The Macroeconomic Picture in StatisticsPicture in Statistics (1 of 2)(1 of 2)
ThailandBoard of Investment
1998 1999 2000 2001e* 2002e**
Foreign Reserves 29.5 34.8 32.7 33.0 38.7/***
(US$ Bil.)
Export Growth (%) -6.6 7.4 19.5 -6.9 1.7
Value of Exports 54.5 56.8 67.9 63.2 64.3 (US$ Bil.)
Current Account 12.6 10.1 7.6 5.3 3.6(% of GDP)
MPI 96.5 108.6 112.1 113.5 130.1***(Manufacturing Production Index)
The Macroeconomic The Macroeconomic Picture in StatisticsPicture in Statistics (2 of 2)(2 of 2)
The Macroeconomic The Macroeconomic Picture in StatisticsPicture in Statistics (2 of 2)(2 of 2)
Sources: * = Bank of Thailand** = ThailandOutlook.com (January 10, 2003) *** = As of January 3, 2003
ThailandBoard of Investment
Government Stimulus Government Stimulus Government Stimulus Government Stimulus
• Restructuring Farm Debts• Providing Million Baht Grants
to all 70,000 villages• Thailand Asset Management
Corporation• Supporting SMEs via State
Banks
ThailandBoard of Investment
Total 1,116 6,9678205,987721 3,775
Foreign 7615,295 575
4,713483
2,316By Country
Japan 282 2,674257 1,874
215 892U.S.A. 73
944 40 902 37 258
Taiwan 120 439 50 153 41 63
Hong Kong 31 155 20 218 5 37
Singapore 84 495 51 202 40 305
E.U. 144 776 79
518 65
378
2000 2001 2002 Number Value of Number Value of Number Value of
of Investment of Investment of Investment Projects (mil. US$) Projects (mil. US$) Projects (mil. US$)
Note 1: Investment projects with foreign equity participation from more than one country are reported in the figures for each countryNote 2: 2000 US$=40.16 baht; 2001 US$=44.48 baht; 2002 US$=43.00 baht
Board of Investment Approved Board of Investment Approved Foreign Investment by CountryForeign Investment by CountryBoard of Investment Approved Board of Investment Approved Foreign Investment by CountryForeign Investment by Country
ThailandBoard of Investment
Investment from the USInvestment from the USInvestment from the USInvestment from the US
• Approved projects in 2002Honeywell — US$12 million to
produce plated thermal spreadersCargill — US$5 million in
agriculture (chicken)Johnson Controls — US$8.5 million
for automotive seatsAn International Procurement
Office from 3MRegional Operating Headquarters
from ExxonMobil
ThailandBoard of Investment
Regional Operating Regional Operating Headquarters (ROH)Headquarters (ROH)Regional Operating Regional Operating
Headquarters (ROH)Headquarters (ROH)• In August, the Government
Established Regulations Covering Regional Operating Headquarters
• Companies must be incorporated under Thai law and have paid-up minimum capital of 10 million bahtThey must service branches or affiliates
in at least 3 countries Income must come from managerial,
administrative, technical, or other prescribed supporting services for branches/associated companies
ThailandBoard of Investment
ROHROHROHROH
• BenefitsCorporate income tax at 10% for:
Qualified servicesRoyalties from ROH in ThailandInterest income on loans made to ROH
branches/associated enterprisesTax exemption for dividends from
ROH branches/associated enterprisesExpats working for ROH are taxed
at 15% for 1st 2 years, instead of on sliding scale
ThailandBoard of Investment
FDI in 2003FDI in 2003FDI in 2003FDI in 2003
• Targeting Same Level of Investment as 2002
• Quality is More Important Than Quantity
• We are Looking for Projects to:Enhance the competitiveness of
Thai industryUpgrade human capital (i.e.
human resource development)Help develop and transfer skills
and technologyNurture Thai talent
ThailandBoard of Investment
FDI in 2003FDI in 2003FDI in 2003FDI in 2003
• Objectives Include:Encouraging Cluster Development
Particularly in automotive and petrochemicals (Eastern Seaboard)
Targeting investmentBy region and by industryWe have established 5 target
industries and will develop industry-specific measure to support them
Non-target industriesNo changes in policy, no backtracking
ThailandBoard of Investment
Competitive AdvantagesCompetitive AdvantagesCompetitive AdvantagesCompetitive Advantages
• ASEAN and AFTAProgressively being implemented
• Location and Social StabilityPeaceful Buddhist countryFree from social unrestWell-developed infrastructure
• Political SystemStable democracyReform-oriented government
• WorkforceTrainable and adaptable
ThailandBoard of Investment
Competitive AdvantagesCompetitive AdvantagesCompetitive AdvantagesCompetitive Advantages
• Cost-effective Local InputsLeast expensive office space in AsiaVibrant supporting industries
support subcontractingCanon sources 70% of all parts
locallyToyota is looking to source 100%
locally by 2006More and more manufacturers and
assemblers acknowledge that Thai local inputs are key to global competitiveness
ThailandBoard of Investment
ChinaChinaChinaChina
• Should You Put All Your Eggs in the China Basket?China has huge potential, but
investment landscape is a bit uncertain
ThailandBoard of Investment
ChinaChinaChinaChina
• JETRO Report Found That:In 14 categories, Thailand was
ranked better than China in 11, including:Legal frameworkTransparencyInfrastructureDevelopment of parts industry
• For Global Markets, Even China Invests in Thailand
ThailandBoard of Investment
Target IndustriesTarget IndustriesTarget IndustriesTarget Industries
• We Have Identified 5 Groups of Target IndustriesAgro-IndustryAutomotiveFashionElectronics and ICTHigh-Value Services
ThailandBoard of Investment
Target IndustriesTarget IndustriesTarget IndustriesTarget Industries
• Specific Policies and Measures Will Be Developed for Each Target Industry, Based OnCompetitivenessLevels of technologyMarket potential
• Non-target IndustriesNo change in policyNo backtrackingNo reduction in incentives
ThailandBoard of Investment
Leading Agricultural ExportsLeading Agricultural ExportsLeading Agricultural ExportsLeading Agricultural Exports
Export Value -----------------------------------------------------------------------------------
-• Rice 73,812*• Canned Seafood 65,957• Shrimp 48,696*• Rubber 43,942*• Canned Tuna 21,886*• Chicken 21,796• Canned Fruit 21,767• Sugar 21,687• Canned Pineapple 11,433*
* #1 Exporter in the World Unit = Million Baht
ThailandBoard of Investment
Agricultural Priority ActivitiesAgricultural Priority ActivitiesAgricultural Priority ActivitiesAgricultural Priority Activities
• Under revised BOI policy (effective August 1, 2000), 26 agricultural activities have been classified as priority activities, including 8 newly-promoted categories:1. Manufacturing of alcohol or fuel through plants2. Fertilizers produced through biotechnology3. Manufacturing of products through herbs4. Analysis of plant disease5. Analysis and certification of agricultural products6. Soil and water analysis for agriculture7. Agricultural Trading Centers8. Agricultural Processing Zones
ThailandBoard of Investment
Automotive Industry in 200Automotive Industry in 20011Automotive Industry in 200Automotive Industry in 20011• Assembly
Market 297,052 units +13.3%Export 175,299 units
+14.7%Production 459,418 units +11.6%
• Total Component Industry – US$3.8 billionOEM US$2.3 billionOESpare US$0.5 billionREM US$1.0 billion
• 500 Component ManufacturersEmploying 100,000 Workers
ThailandBoard of Investment
Thai Automotive Markets Thai Automotive Markets Thai Automotive Markets Thai Automotive Markets
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
Tot
al S
ales
0
25,000
50,000
75,000
100,000
125,000
150,000
175,000
200,000
Exports
SalesExports
ThailandBoard of Investment
Auto Parts & Components Auto Parts & Components Manufactured in ThailandManufactured in ThailandAuto Parts & Components Auto Parts & Components Manufactured in ThailandManufactured in Thailand
• Engines Diesels, Motorcycles
• Engine Components Starters, Alternators,
Pumps, Filters, Hoses, Gears, Flywheels
• Body Parts Chassis, Bumpers,
Fenders, Hoods, Door Panels
• Brake Systems Master Cylinders, Drums,
Discs, Pads, Linings, • Steering Systems
Steering Wheels, Gears, Columns, Pumps, Linkages
• Suspensions Shocks, Coils, Ball Joints
• Transmissions Gears, Casings, Rear
Axles, Drive Shafts, Propellor Shafts
• Electrical/Electronics Alternators, Starters,
Speedometers, Lamps, Motors, Flasher Relays
• Interiors/Exteriors Seats, Mats, Weather
Strips, Console Boxes• Others
Windshields, Seat Belts, Radiators, Wheels, Compressors
ThailandBoard of Investment
Components Not Components Not Produced in ThailandProduced in Thailand
Components Not Components Not Produced in ThailandProduced in Thailand
• Passenger Car Engines• Fuel Injection Pumps• Transmissions• Differential Gears• Final Gears• Injection Nozzles• Electronic Systems • Electronic Control Units
ThailandBoard of Investment
Thai Automotive TrendsThai Automotive TrendsThai Automotive TrendsThai Automotive Trends
• Gradual Recovery of Automotive Market• Expanding Exports• Continued Investment in Parts &
Components• Continued Investment in
Assembly• Thailand is Hub of Auto
Industry in Region
ThailandBoard of Investment
Fashion Fashion Fashion Fashion • Develop Thailand as Fashion Center
for Southeast AsiaLeather
Opportunities lie in technical cooperation and quality improvement, particularly in design and branding
JewelryThai gold, silver, and costume jewelry in
high demand , due to Thai artisanshipOpportunities to bring in high-tech
equipment and to help with designGarments
Provide training institute to produce international-standard fashion graduates
Provide consistent supply of high-quality raw materials
ThailandBoard of Investment
High Value Added ServicesHigh Value Added ServicesHigh Value Added ServicesHigh Value Added Services
• High-Value ServicesRegional Operating Headquarters
Attractive package of tax incentives (comparable to any in the region)
Non-tax incentives from the BOILong-Stay Tourism
Retirement homes“Snowbirds”
ICT-Related ServicesE-Commerce Application Service
ProvidersE-Commerce Users
ThailandBoard of Investment
Electronics & Electrical AppElectronics & Electrical Appliances in Thailandliances in Thailand
Electronics & Electrical AppElectronics & Electrical Appliances in Thailandliances in Thailand
• Consumer Electronics• Computers & Peripherals• Telecom & Office Equipment• Electronic Components & Parts• Electrical Products & Parts• The Industry
750 Companies300,000 –350,000 EmployeesUS$17.2 Billion InvestmentExport US$21 billion annually
ThailandBoard of Investment
Electronics ExportsElectronics ExportsElectronics ExportsElectronics Exports• Consumer Electronics
2000 Exports – US$3.3 Billion (+17%)2001 Exports – US$2.9 Billion (-12%)
• Computers and Peripherals2000 Exports – US$7.8 Billion (+3%)2001 Exports – US$6.8 Billion (-12%)
• Telecoms and Office Equipment2000 Exports – US$1.2 Billion (+10%)2001 Exports – US$1.0 Billion (-17%)
• Electronic Components and Parts2000 Exports – US$9.3 Billion (+23%)2001 Exports – US$7.8 Billion (-15%)
• Electrical Products and Parts2000 Exports – US$1.9 Billion (+17%)2001 Exports – US$2.1 Billion (+11%)
ThailandBoard of Investment
• Up-to-date Info on BOI Policies, Procedures, Incentives and Services
• Links to Business News About Thailand
• What’s New at the BOI• Links to Important
Business Sites• Cost of Doing Business
in Thailand
• Database of Promoted Companies
• Comprehensive Information From Other Government Agencies
• BOI Statistics• Trade Statistics• Demographic Data• Industrial Estates
For the past two years, the BOI web site For the past two years, the BOI web site was ranked was ranked #5 Investment Promotion Agency Investment Promotion Agency
website in the world bywebsite in the world by Corporate LocationEmail: [email protected]: [email protected]
ThailandBoard of Investment
BOI on the InternetBOI on the Internethttp://www.boi.go.thhttp://www.boi.go.thBOI on the InternetBOI on the Internethttp://www.boi.go.thhttp://www.boi.go.th
ThailandBoard of Investment
EXTRA SLIDES
ThailandBoard of Investment
The Road AheadThe Road AheadThe Road AheadThe Road Ahead
• Seven Key Strategies to Keep Thailand CompetitiveRemove obstacles to investmentProactive marketing of ThailandImprove overseas networkingImprove competitivenessMarket community enterprisesMonitor global trendsCut through “red tape”
ThailandBoard of Investment
Removing ObstaclesRemoving ObstaclesRemoving ObstaclesRemoving Obstacles
• The BOI Wants to be Your Business PartnerWe constantly meet with investors
to find out what we can do to improve investment climate
We are committed to playing a coordinating role with other government agencies
We have set up an investment facilitation unit to work with investors to help solve problems
ThailandBoard of Investment
Proactive MarketingProactive MarketingProactive MarketingProactive Marketing
• Target Three Key Regions Europe (EU)Asia (Japan, China, Singapore,
Hong Kong, Korea)North America (U.S. and Canada)
• Plans to Open New Offices in:ShanghaiSan FranciscoOsaka
• Promote Target Industries
ThailandBoard of Investment
Improve NetworkingImprove NetworkingImprove NetworkingImprove Networking
• Develop Linkages, Networks, Partnerships With:BanksInvestment Promotion AgenciesProvincial Governments
• Develop Sister City/Sister Province Relationships• Work With Chambers of
CommerceBoth in Thailand and overseas
ThailandBoard of Investment
Improving Thai Improving Thai CompetitivenessCompetitivenessImproving Thai Improving Thai CompetitivenessCompetitiveness
• Send a “Wake-Up Call” to Thai Industry, Particularly SMEsInform them of changes in global
marketplaceMake them aware of need to
adopt “industry best” practices and technology
Help them coordinate skills transfer through training
ThailandBoard of Investment
Marketing Community Marketing Community EnterprisesEnterprises
Marketing Community Marketing Community EnterprisesEnterprises
• BOI Will Play a Coordinating Role With Thai SMEsWorking with other Ministries to
ensure SMEs receive maximum government support
Encourage foreign SMEs to partner with Thai SMEs to provideTechnical assistanceForeign market accessAssistance in adapting Thai products
for foreign markets
ThailandBoard of Investment
Monitoring International Monitoring International Investment TrendsInvestment Trends
Monitoring International Monitoring International Investment TrendsInvestment Trends
• Separate Unit at BOI to Monitor Global Investment EnvironmentProvide both the Thai
government and the Thai investment community early warnings about legislative and procedural changes in the international investment arena
ThailandBoard of Investment
Improve the BOIImprove the BOIImprove the BOIImprove the BOI
• The BOI is Always Looking to Improve the Way We Do BusinessAlready ISO 9002 certified,
ensuring all investors receive fair and transparent treatment
We will continue to improve range of services
We will look to streamline procedure to cut through “red tape”
ThailandBoard of Investment
The Board of Investment The Board of Investment Organization ChartOrganization Chart
Board of Investment
Office of the Board of Investment
Office of the Prime Minister
Policy Administrative
ThailandBoard of Investment
ThailandBoard of Investment
Office of the Board of InvestmentOffice of the Board of InvestmentSectoral DivisionsSectoral Divisions
Office of the Board of InvestmentOffice of the Board of InvestmentSectoral DivisionsSectoral Divisions
B O I S ecto ra l D iv is io n s
D iv is ion 7S erv ices and Infrastructure S erv ices
D iv is ion 6C hem ica l Ind ustr ie s , P ap er , P la tic P rod ucts
D iv is ion 5E lec tronics and E lec tr ica l Ind ustr ie s
D iv is ion 4M eta l-w ork ing , M achinery, and T ransp ort E q uip m ent
D iv is ion 3L ight Ind ustr ie s
D iv is ion 2M ining , C eram ics , and B as ic M eta l Ind ustr ie s
D iv is ion 1A gr iculture and A gr icultura l P rod ucts
ThailandBoard of Investment
EDB
EDB
EDB
EDB
EDB
EDBMIDA
MIDA
MIDA
MIDA
MIDA BOI
ThailandBoard of Investment
EDBEDB
EDBEDBEDBEDB
EDBEDB
EDBEDB
MIDA
MIDA
MIDA
MIDA
MIDA
BOI
BOI
ThailandBoard of Investment
สำ��นั�กง�นัสำ�งเสำริ�มก�ริลงทุ�นัในัญี่��ปุ่��นั
EDB
EDB
EDB
EDB
MIDA
MIDAMIDA
MIDA
MIDA
BOI
ThailandBoard of Investment
BOI Policy BOI Policy Priority ActivitiesPriority Activities
BOI Policy BOI Policy Priority ActivitiesPriority Activities
• Agriculture – Backbone of the Country• Technological and human resource
development• Infrastructure, public utilities and basic
services • Environmental protection/conservation• Targeted Industries - such as:
Steel casting using induction furnaceForged steel partsElectronic designSoftware and software park
1( of 2)
ThailandBoard of Investment
BOI Policy BOI Policy Priority ActivitiesPriority Activities
BOI Policy BOI Policy Priority ActivitiesPriority Activities
• These five categories of priority activities are eligible for special incentives:
Import duty exemption on machinery
Eight-year corporate income tax holiday, regardless of zone
2( of 2)
ThailandBoard of Investment
Services of the BOIServices of the BOIServices of the BOIServices of the BOI
• The BOI offers :Investment Matchmaker ProgramSupport around the world – 4 overseas offices
(New York, Paris, Frankfurt, Tokyo)One-Stop Shop for Visas and Work Permits –
Work Permits within 3 hoursServices of BUILD Unit to promote industrial
subcontracting – Vendors Meet Customers Program
ASEAN Supporting Industry Database (ASID) Comprehensive, world-class websiteHelp with work and residency permitsInteraction with other government agencies on
behalf of investors
ThailandBoard of Investment
Asia’s Most Asia’s Most Affordable Office SpaceAffordable Office Space
Asia’s Most Asia’s Most Affordable Office SpaceAffordable Office Space
136
6158
51
44 42 37
2616
14 14 13
11
0
20
40
60
80
100
120
140 Tokyo (InnerCentral)Hong Kong
Mumbai
Seoul
Taipei
Beijing
Singapore
Shanghai (Puxi)
Guangzhou
Manila
Jakarta
Kuala Lumpur
Bangkok
Cost Per Square Foot - US$/year Source: CB Richard Ellis -- July 2002
ThailandBoard of Investment
Big Mac IndexBig Mac IndexBig Mac IndexBig Mac Index
2.54
1.27
1.89
1.67
1.28 1.271.19
1.40
2.012.25
0.00
0.50
1.00
1.50
2.00
2.50
3.00 (U
S$)
US
Tha
iland
Sin
gapo
re
Indo
nesia
Phi
lippi
nes
Chi
na
Mal
aysia
Hon
gK
ong
Japa
n
Bah
rein
Source: The Economist, April 2002
ThailandBoard of Investment
New Activities Eligible New Activities Eligible for Promotionfor Promotion
New Activities Eligible New Activities Eligible for Promotionfor Promotion
• E-Commerce Application Service Provider
• E-Commerce User• Regional Headquarters• International Distribution Centers• International Procurement Offices• Retirement Homes• Dedicated Health Centers• Waste Recycling
ThailandBoard of Investment
Supporting IndustriesSupporting Industriesin ASEANin ASEAN
Supporting IndustriesSupporting Industriesin ASEANin ASEAN
• ASEAN Supporting Industry Database Expands the scope of ASEAN’s
supporting industries by serving as the region’s industrial yellow pages
The ASID home page (www.asidnet.org) contains information about more than 11,000 supporting industry companies throughout ASEAN
Provides communication links to facilitate electronic commerce between ASEAN suppliers and foreign purchasers.
ThailandBoard of Investment
Liberal Investment RegimeLiberal Investment RegimeLiberal Investment RegimeLiberal Investment Regime
• No Export Requirements• No Foreign Equity Restrictions
in Manufacturing Sectors• No Local-Content
Requirements• No Location Requirement in
All But 6 Activities
ThailandBoard of Investment
BOI Policy ObjectivesBOI Policy ObjectivesBOI Policy ObjectivesBOI Policy Objectives
• Attract Investment to Speed RecoveryQuality more important than quantity
• Continue DecentralizationMaximum incentives for least developed
provinces• Strengthen Competitiveness
Require international-standard certification (e.g. ISO 9002)
• Develop New Activities and Industries • Good Governance
Transparent policiesPerformance-based incentives
ThailandBoard of Investment
The Board of Investment The Board of Investment Basic Incentives and MeasuresBasic Incentives and Measures
The Board of Investment The Board of Investment Basic Incentives and MeasuresBasic Incentives and Measures
• Guarantees and PermissionsGuarantees against nationalization and
price controlsPermission to own land and bring in
foreign experts• Tax Incentives
Tax exemption /reduction on imported machinery and input
Income tax exemption • Support services
Advisory and information provision Publications
ThailandBoard of Investment
ThailandBoard of Investment
The Board of Investment The Board of Investment Basic Incentives and Measures Basic Incentives and Measures
The Board of Investment The Board of Investment Basic Incentives and Measures Basic Incentives and Measures
• To reduce initial investment costs:Tax exemption or reduction on
imported machineryTax exemption or reduction on
imported inputsExemptions from corporate
income tax for 3-8 years
ThailandBoard of Investment
Zones of OpportunityZones of OpportunityZones of OpportunityZones of Opportunity
ThailandBoard of Investment
Import Duty on MachineryImport Duty on MachineryImport Duty on MachineryImport Duty on Machinery
Zone
1 Reduce 50%
2 Reduce 50%
3 Exempt
ThailandBoard of Investment
Import Duty on Import Duty on Raw MaterialsRaw Materials
Import Duty on Import Duty on Raw MaterialsRaw Materials
Zone
1 1 Year Exemption
2 1 Year Exemption
3 5 Year Exemption
ThailandBoard of Investment
Corporate Income Corporate Income Tax ExemptionTax Exemption
Corporate Income Corporate Income Tax ExemptionTax Exemption
ZoneInside
Industrial Estate
Outside Industrial
EstateZone 1 3 Years Not ExemptZone 2 5 Years 3 YearsZone 3 8 Years 8 Years
The Amount of a Project’s Corporate Income Tax Holiday is Capped at 100% of Investment Capital
ThailandBoard of Investment
Additional Zone 3 Incentives Additional Zone 3 Incentives Additional Zone 3 Incentives Additional Zone 3 Incentives
40 provincesInside Industrial Estate
Outside Industrial Estate
50% reduction of income tax for 5 years
Double deduction of water, electricity, transport costs for 10 years 25% deduction of infrastructure installation or construction costs
ThailandBoard of Investment
Additional Zone 3 Incentives Additional Zone 3 Incentives Additional Zone 3 Incentives Additional Zone 3 Incentives
18 least-developed provinces
Inside Industrial Estate
Outside Industrial Estate
50% reduction of income tax for 5 years Double deduction of water, electricity, transport costs for 10 years
25% deduction of infrastructure installation or construction costs
ThailandBoard of Investment
Criteria and ConditionCriteria and ConditionssCriteria and ConditionCriteria and Conditionss
Criteria• Value added• D/E ratio• Modern technology• Environmental prot
ection
Conditions• ISO 9000• Performance bas
ed• Cap on corporate
income tax exemption (equal to investment capital)
ThailandBoard of Investment
Why Thailand?Why Thailand?Why Thailand?Why Thailand?
• Reform-oriented Economic Policy• Favorable Approach to the Private S
ector: Government As Supporter Not Regulator
• Consistently Positive Attitude Toward Foreign Investment
• Steady Moves to Liberalize Business Environment and Privatize State-owned Enterprises
ThailandBoard of Investment
Why Thailand?Why Thailand?Why Thailand?Why Thailand?
• Resilient, Diversified Economy, Supporting Industries Growing
• Abundant Natural Resources• Large and Highly-productive Labor
Force• Domestic Market of 63 Million• Strategic Location at the Heart of So
utheast Asia
ThailandBoard of Investment
Total 1,116 279,800820266,300604 144,000
Foreign 761212,649575
209,622408
89,366By Country
Japan 282107,382 257
83,369177
32,574U.S.A. 73
37,916 40 40,131
33 10,388
Taiwan 120 17,632 50
6,824 38
2,554Hong Kong 31 6,241
20 9,710 4 1,518
Singapore 84 19,910 51
8,985 35
12,471E.U. 144
31,175 79
23,019 5715,389
2000 2001 2002 (Jan.-Oct.) Number Value of Number Value of Number Value of
of Investment of Investment of Investment Projects (mil. baht) Projects (mil. baht) Projects (mil. baht)
Note: Investment projects with foreign equity participation from more than one country are reported in the figures for each country
Board of Investment Approved Board of Investment Approved Foreign Investment by CountryForeign Investment by CountryBoard of Investment Approved Board of Investment Approved Foreign Investment by CountryForeign Investment by Country