Thailand has been maintaining its reputation as a business-friendly country for foreign investment and has proved it by becoming the center of commerce in Southeast Asia. The BOI Thailand promotion aims to attract more foreign business investments in the public services and public utilities sector.
The major driving force behind Thailand’s economic growth is robust human capital.
Industries like Research and Development, Tech, IT, Food Innovation, Engineering Design, and others require availability of technical support. Every year, there are roughly 250,000 vocational and university graduates in science and technology-related fields. Thailand has been ranked highest for several factors related to employment and talent development in Asia.
he Thai Government in conjuction with the BOI Thailand is committed to promoting the public services and public utilities sector. To stimulate investment, it offers a wide range of fiscal and non-tax incentives.
With a well-developed infrastructure from production to logistics, the trillion-baht chemical industry is one of Thailand’s most vibrant business sectors. The country’s foreign trade in chemicals hit THB 463 billion in 2009, and domestic sales were nearly tripled. Thailand hosts both foreign-owned and homegrown companies as PTT, SCG, Rayong Olefins, Thai Tank Terminal, Dow, Mitsubishi, TPI, ExxonMobil, and the world’s largest chemical manufacturer, BASF, which has been operating in Thailand for more than 40 years.