Govt wants offshore businesses to bring money home

[webfact]

Govt wants offshore businesses to bring money home

 

 

VIETNAM, 11th June 2018 (NNT) – The government will grant incentives to offshore companies that bring home overseas cash, according to the Ministry of Industry. 

Industry Minister Somchai Hanhiran, recently led his team to inspect Thai businesses in Vietnam consisting of the Charoen Pokphand Group (CP), and Amata Corporation Public Company Limited (AMATA) which have built industrial parks in many Vietnamese cities, and Siam Cement Public Company Limited (SCG) which has been in Vietnam for over a decade. 

Vietnam has seen an upward trend in its economic growth thanks to several infrastructure development projects and booming exports, on top of its partnership and cooperation with other nations in the Asia-Pacific region. 

According to the minister, the Thai government will come up with measures and incentives to encourage Thai companies with offshore subsidiaries to bring money home, a move believed to benefit the Thai economy and streamline the expansion of Thai businesses overseas.

 

-- nnt 2018-06-11

[coulson]

Lol

 

Tell the elite and govt officials to bring their money home first.

[tracker1]

We need to pay for the boys toys !

[colinneil]

The government are going to lead by example.

Little p and ole fatty are going to transfer their billions back to Thailand.

[Cadbury]

A lot of Thai investment capital flowing into Vietnam; supermarkets (BigC and Makro) and property development. That's where the growth is. Cheaper labour and greater and faster returns on investment. 

Makro recently took over a large warehouse style supermarket in Hai Phong. A friend reported the first thing they did was to jack the prices and cut the wages. No flies on the Thais when it comes to screwing people over.

Why on earth would they want to bring their money back to Thailand. Vietnamese banks are paying around 8% for 12 month term deposit and that's just for the punters. 

Edited June 11, 2018 by Cadbury

[holy cow cm]

Of course they do! Not their business! 

Edited June 11, 2018 by holy cow cm

[mok199]

home to what ?

[worgeordie]

While foreign speculators are taking their money from Thailand,

The Government wants Thai investors overseas to repatriate their

money,no way that's going to happen unless  they are given a big

incentives to do so, they will be thinking the Farangs must know 

something,maybe we don't.

 

regards worgeordie

[SABloke]

3 hours ago, Cadbury said:

A lot of Thai investment capital flowing into Vietnam; supermarkets (BigC and Makro) and property development. That's where the growth is. Cheaper labour and greater and faster returns on investment. 

Makro recently took over a large warehouse style supermarket in Hai Phong. A friend reported the first thing they did was to jack the prices and cut the wages. No flies on the Thais when it comes to screwing people over.

Why on earth would they want to bring their money back to Thailand. Vietnamese banks are paying around 8% for 12 month term deposit and that's just for the punters. 

I thought Makro was a German/Dutch outfit??

[Lupatria]

Could someone please explain the nature of "offshore business" to the Industry Minister?

[Cadbury]

1 hour ago, SABloke said:

I thought Makro was a German/Dutch outfit??

I expect you are correct, I don't know. But there is a Thai standalone subsidiary company it seems and they are the ones doing the buying up in Vietnam.

https://www.siammakro.co.th/en/

Edited June 11, 2018 by Cadbury

[Baerboxer]

8 hours ago, Cadbury said:

A lot of Thai investment capital flowing into Vietnam; supermarkets (BigC and Makro) and property development. That's where the growth is. Cheaper labour and greater and faster returns on investment. 

Makro recently took over a large warehouse style supermarket in Hai Phong. A friend reported the first thing they did was to jack the prices and cut the wages. No flies on the Thais when it comes to screwing people over.

Why on earth would they want to bring their money back to Thailand. Vietnamese banks are paying around 8% for 12 month term deposit and that's just for the punters. 

 

Your're absolutely right.

 

But just the boys reminding them to bring some back home and splash it around their "friends"!

[Srikcir]

On 6/11/2018 at 1:33 PM, Lupatria said:

Could someone please explain the nature of "offshore business" to the Industry Minister?

It's the same as the Thai military that views a trip to Cambodia as "overseas."