BOI aims to push more Thai investment abroad

[webfact]

Board of Investment aims to push more Thai investment abroad

BANGKOK, 25 February 2016 (NNT) – The Board of Investment of Thailand (BOI) is aiming to encourage international investment by Thai investors throughout 2016 with more assistance, trainings, and troubleshooting sessions.

BOI’s Secretary-General Hirunya Suchinai has revealed that the BOI will be encouraging Thai entrepreneurs to make investment in CLMV market (Cambodia, Laos, Myanmar, and Vietnam) along with other member states and new markets this year.

The investment promotion plan will be segmented according to different markets, with focuses on agriculture, automobile parts, textiles, processed foods, and construction materials in the CLMV market; automobile and motorcycle parts, processed seafoods, and petroleum products in Indonesia, the Philippines, Malaysia, and Brunei; as well as fisheries, textiles, construction materials and alternative energy in Uganda, Sri Lanka, Mongolia, and Uzbekistan.

The BOI is also planned to establish investment promoting centers in Myanmar and Indonesia in 2017 to facilitate Thai investors, joining other 14 centers across the world, while the budget for international investment promotion will be increased to 39 million baht from 20 million in the previous year.

A BOI meeting chaired by the prime minister will be taking place on 29 February with the main agenda being the consideration of investment promotion for OTOP campaigns as proposed by the Deputy Prime Minister Somkid Jatusripitak, with the invitation for the BOI to promote retail channels for OTOP products at tourism attractions and to consider providing tax benefits to encourage investment.


-- NNT 2016-02-25

[rhythmworx]

First

[canathai8]

I brought my Thai wife abroad. It was a hell of an investment..

Cost me my life savings - and I couldn't be happier..

[Thaddeus]

BOI’s Secretary-General Hirunya Suchinai has revealed that the BOI will be encouraging Thai entrepreneurs to make investment in CLMV market (Cambodia, Laos, Myanmar, and Vietnam) along with other member states and new markets this year.

That's the Thai definition of abroad, places where graft is cheap, got it.

[Thian]

BOI’s Secretary-General Hirunya Suchinai has revealed that the BOI will be encouraging Thai entrepreneurs to make investment in CLMV market (Cambodia, Laos, Myanmar, and Vietnam) along with other member states and new markets this year.

That's the Thai definition of abroad, places where graft is cheap, got it.

Where labour is cheap and they also work harder.

This will cost many thai their job....

[Dogmatix]

I hope they are all forced to give free shares to corrupt local partners and give them management control if their businesses and property investments. This should be done on a reciprocal basis. Do unto others as you would have them do unto you.

[ALLSEEINGEYE]

you would think the BOI (Board of Investment) would try to reform the ridiculous xenophobic laws in Thailand so that it is easier and more fair for a foreigner to invest in THAILAND. Instead they are trying to get Thais to invest outside Thailand?

Isn't that the job of the investment boards of the other countries?

The Thai BOI should be working on generating investment within Thailand!!

Sounds like the rich and powerful investors have lobbied the local Thai Gov to dish out some tax breaks so they can invest outside Thailand without paying any taxes on their profits.

High level corruption at it's finest.

[yellowboat]

Perhaps a hedge against a collapsing local economy ?

[gandalf12]

In Vietnam they will have a lot of foreign companies (Primarily from Europe and the Americas) to compete with. That wont make them happy

[queduc]

That’s normal