Thailand unveils two weapons to attract foreign investment
Thailand has unveiled the focus of its four-year strategy to attract foreign direct investment to boost its faltering economy: clean energy and incentives to offset the new Global Minimum Tax.
Prime Minister Srettha Thavisin has embarked on an international roadshow since coming to power in August, “selling” the country to corporate investors during trips to the US, China and other states. His government is extending invitations for global digital giants to build major infrastructure including headquarters in Thailand.
Five key industries targeted
Narit Therdsteerasukdi, Board of Investment (BOI) secretary-general, recently revealed progress in negotiations. The prime minister’s investment goals focus on the digital, electronics, and electric vehicle (EV) sectors. Over the next four years, the BOI will target investment in these three sectors, plus the BCG (Bio-Circular-Green Economy) and creative industries. These five industries will be pivotal in elevating the country’s economic development to new heights, according to the BOI.
The Nation Reporter
