Thais Keep Eyeing Cambodia

The Thailand government will consider tapping into 50 emerging cities, including those in Cambodia, for investment opportunities based on information provided by Japan External Trade Organization (Jetro), according to the Bangkok Post. Malee Choklumlerd, director–general of the International Trade Department, told the daily that Jetro had provided information about the lifestyles, livelihoods and opportunities to provide services in these emerging cities.

Ms. Malee said the department would initially focus on key cities in Cambodia, Laos, Myanmar and Vietnam, also known as the CLMV countries. "The information provided by Jetro describes the lifestyles of people in each city and their preferences, which are considered useful for us when supplying products and services that perfectly match their individual demands," she said. "We're also prepared to tell our commercial counsellors at overseas offices to provide us with more in-depth information on trade and investment in each market."

According to Ms. Malee, certain industries in Thailand, particularly labor-intensive ones, might need to relocate their production bases to neighboring countries, while Thai industries should focus on innovations and advanced technology. “Thailand is now eyeing four of its neighbors to help offset shrinking shipments to key market destinations, aiming to boost exports to these markets by 13.6 percent this year,” according to the Bangkok Post report.

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