A Message From Our New York Director
Dear Partners, Colleagues and Friends,

Not only has June brought us better weather, but it has also brought us better news as the global vaccine roll-out is in full swing and COVID infection rates appear to be decreasing as the vaccines take effect.
Business life is getting back to normal, as many people headed back to the office in June, and we expect that many more will be back at their desks after Labor Day.

Recently the Thai Government made a big announcement that underscores our nation's commitment to sustainability. Our Prime Minister, General Prayut Chan-o-Cha, unveiled Thailand's strategy to counter the economic impact of COVID-19 and the framework for Thailand's economic recovery. The strategy focuses on adopting a Bio-Circular-Green (BCG) economic model that will be leveraged across many of Thailand's key industry sectors.

We have a copy of the full announcement below, but the important element of this strategic policy is that Thailand will be embracing the BCG model in industry, agriculture and many other aspects of our economy.
Our commitment to sustainable practices, by supporting industrial symbiosis/circular economy measures, will help us capture and conserve valuable resources, while minimizing the impact industry has on the environment. It is a win-win policy that will help all facets of the Thai economy return to pre-pandemic strength and prepare our industries for a stronger and more sustainable future.
We are looking forward to being a model for how BCG-led economies can thrive in Asia and around the world.

As always, thank you for being partners and colleagues to the BOI team in New York. We are counting the days until we can see all of you in person once again.

Best regards,

Vorawan Norasucha
Director, New York
Thailand Board of Investment
Thailand’s Embraces the BCG Model ´╗┐to Drive Post-COVID Economic Recovery
Thailand's sustainable growth announcement was made by Prime Minister General Prayut Chan-o-Cha during his keynote address at the second meeting of the Green Growth and Global Goals 2030 Summit
In his address, the Prime Minister outlined Thailand's Bio-Circular-Green (BCG) economic model to counter the impact of COVID-19 on the economy.
Chinese Automotive Company, Great Wall, Moves
Smart Factory to Thailand
China's largest SUV and pickup truck manufacturer, Great Wall Motors unveiled two vehicle models in Thailand.
Another two models will follow later this year, with a total of nine models made available in the Thai market within three years. The majority of the nine models will be electric vehicles.
Flash Group Becomes Thailand's First Unicorn Company
Thailand-based Flash Group, which provides e-commerce logistics services, including delivery service Flash Express, has become the first Thai unicorn startup after recently raising US$150 million (4.6 billion baht) in Series D+ and E funding -- just three years into operations.
PTT and Foxconn Announce a Joint Venture for an Electric Vehicle Production Platform
PTT and Foxconn sign Memorandum of Understanding to collaborate in setting up an open platform for producing electric vehicles (EV) and key components to serve the EV sector in Thailand.
The platform, comprising hardware and software services, will be available to all automobile players in Thailand looking to accelerate their production and sales of EVs in Thailand and elsewhere in the ASEAN region.