Member Luncheon: The Investment Climate in Thailand Post Election

At the event, speakers delved into Thailand’s current investment landscape in comparison to other ASEAN countries in the post-Covid era. They provided insights on future investment trends and the potential of the Thai capital market. Additionally, they discussed the challenges, policy and political risks, regulatory complexities, and bureaucratic hurdles that hinder foreign businesses.

During the question-and-answer session, members sought insights on areas for revival and growth, BOI Incentives for business ease and skilled labor attraction, and the Eastern Economic Corridor (EEC).

It is worth noting the global shift from a goodsbased economy to a service-based one, with Thailand experiencing a slowdown in its manufacturing sector compared to other ASEAN countries. Tourism plays a significant role in driving Thailand’s economy, distinguishing it from the rest of the region.Dr. Santitarn emphasized the need for Thailand to import more labor, particularly foreign talent. He also highlighted the importance of improving digital skills.

These insights are relevant to both existing and new investors, considering the rise of Vietnam and other emerging countries in the region.