The country is a hub for automotive, electronics and tourism industries
Government reaching out to companies hit by US-China trade war with new stimulus package
Manufacturing & financial sectors attract largest share of overseas investment
Thailand implementing plan to revive tourism in post-Covid scenario
Thailand has grown into a very significant economy within ASEAN. It is the bloc’s 2nd-largest with GDP exceeding US$544BN in 2019, representing 17% of ASEAN’s total. Government policies, both historical and current, continue successfully to attract foreign capital with ambitious initiatives to improve infrastructure, digitalisation and ease of doing business. Like Vietnam, Thailand is well-placed to pick up investment overflow from China if global politics dictates it, and as “China plus one”. Thai nationals are culturally mixed, but share a spiritual calm and entrepreneurial zeal – all this, and the best food in Asia! Come and pay ASEAN Business Partners a visit and we’ll be glad to discuss how your business will benefit from this brilliant opportunity.
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