International Institute Expects Thailand’s Foreign Direct Investment to Recover Next Year

[webfact]

 

By Subhabhong Rarueysong

   

BANGKOK (NNT) - The International Institute for Trade and Development expects Thailand’s foreign direct investment (FDI) to recover next year, especially for hotels, tourism and other sectors, for which the Board of Investment (BOI) has offered attractive tax breaks.

 

The institute’s Executive Director Manu Sithiprasasana said, at an online seminar called "Key Findings Of UNCTAD World Investment Report 2021: Post-COVID Challenges In Asia-Pacific", that Thailand’s FDI inflows are expected to fall to their lowest level this year, because of the severe impact of the pandemic, before starting to recover in 2022.

 

He said next year’s recovery will be boosted by active investments in the hotel and tourism sectors, renewable energy, such as solar rooftop panels, and the telecom and information and communication technology sector, to serve 5G technology.

 

According to Mr. Manu, Thailand is also a major producer of medical supplies, such as surgical face masks, rubber gloves and syringes, which are expected to draw foreign investment.

 

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[DLock]

7 hours ago, webfact said:

According to Mr. Manu, Thailand is also a major producer of medical supplies, such as surgical face masks, rubber gloves and syringes, which are expected to draw foreign investment.

 

...but not vaccines...we suck at that.

[Albert Zweistein]

6 hours ago, DLock said:

 

...but not vaccines...we suck at that.

Is this a Thai invented institute ?

[Laughing Gravy]

15 hours ago, webfact said:

He said next year’s recovery will be boosted by active investments in the hotel and tourism sectors,

You have to love an optimist who is trying to polish a curd.

[Soikhaonoiken]

It won't attract anything until they get this virus under control....