The final days of summer are finally upon us, and at BOI we're already ramping up for a busy fall. Here are some of the most recent developments coming out of Thailand the past few months.
Thailand has been on a streak of performing well in many international rankings. In a recent Bloomberg Economics' study of volatility, Thailand was ranked the third least volatile emerging market based on four equally ranked criteria: the current-account balance, external debt as a share of GDP, government effectiveness, and inflation. Thailand also jumped from 45th to 32nd in the World Bank's Logistics Performance Index, and ranked as the 10th most popular country for global visitors in 2018.
This summer, the Thailand Board of Investment also announced new investment incentive schemes for the "Smart City and Smart Distribution Center". BOI has offered attractive incentives for Smart City investors planning to develop infrastructure, for IT system developers who create, install or provide infrastructure as well as for those who will develop Smart Distribution Center to support the growth in e-commerce and e-logistics.
The US Chamber of Commerce will bring U.S. business delegation to Thailand to attend the seminar on "The New Digital Economy: Creating Thailand-U.S. Commercial Opportunities" on September 24th, 2018 in Bangkok, which is organized by the US Chamber of Commerce in conjunction with the Thai Chamber of Commerce, and AmCham Thailand. The event will explore opportunities available to American companies in Thailand across multiple industries including AI, robotics, blockchain, fintech and e-commerce.
Below, I've included some interesting news stories regarding the most recent investment activity taking place in Thailand. We hope to connect with you in the coming months. Enjoy!
Thailand Board of Investment, North America