JETRO urges Thai businessmen to invest in Japan

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JETRO urges Thai businessmen to invest in Japan
By Digital Content



BANGKOK, April 16 – Japan is courting the private sector in Thailand to invest in the island country, according to the Thai Board of Investment (BoI).

BoI Secretary General Udom Wongviwatchai said the Thai government agency was approached by the Japan External Trade Organisation (JETRO), an independent agency promoting trade and investment, urging Thai businessmen to invest in the East Asian nation, especially in renewable energy.

Japan is in need of renewable energy after closing some of its nuclear power plants and an increasing number of Japanese people are rejecting nuclear power.

Mr Udom said Thailand’s renewable energy industry is advanced and a Thai firm has already invested in a solar farm to generate power in Japan.

Other potential businesses are hotels, spas and Thai food in order to cater to the general Japanese public and tourists, he said. However, large amounts of capital are needed when investing in Japan.

The BoI secretary general said Japan was confident in the Thai private sector’s capability in tourism-related businesses given the large number-- more than 20 million-- of foreign tourists in Thailand each year.

Japan currently has about 10 million foreign tourists each year.

He said Japanese investors have begun adopting the “Thailand Plus One” method in its investment by simultaneously investing in Thailand and one of the neighbouring countries.

They have mostly invested in labour-intensive industries, he added.

Mr Udom said Eastern Europe is another potential market for Thai products and investment due to low wages. (MCOT online news)


-- TNA 2014-04-16

[JesseFrank]

Of course in Japan and all those other potential investor markets, that are hunkering for the Thai knowledge, Thai investors will have to give 51% of their company to a local entity ?

[midas]

Oh what a wonderful opportunity !

invest in a country whose debt is 240% of GDP

[chainarong]

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Oh what a wonderful opportunity !

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Just a bit more than my C/Card

[NongKhaiKid]

Quite ironic with suggestions that Japanese companies will pull out of Thailand if political instability continues not to mention lack of flood prevention.

[JoeThePoster]

Other potential businesses are hotels, spas and Thai food in order to cater to the general Japanese public and tourists, he said. However, large amounts of capital are needed when investing in Japan.

Scratch that plan for a Japanese branch of the Downtown Inn.

[AryanicAristocrat]

Invest in a country with such high operating costs not to mention their xenophobic behaviour.

[Pimay1]

The first thing on the agenda of any Thai company considering investing in Japan is to learn the Japanese word for kickback.

[AryanicAristocrat]

Yes yes Thai companies go and invests in Japan please......vely good there now....just today in newspapers.....huge wage rises in since the last 16 years.....vely good for operating costs.....plus Japanese people vely good .....they think they Gods! No like other people. (if only the stupid US had dropped more bombs on them during the last world war!)

[Thai at Heart]

What bizarre reactions on here.