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  1. #1
    Thailand Expat misskit's Avatar
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    Japan praises Thailand as being investment friendly

    BANGKOK (NNT) - According to the Special Advisor to the Prime Minister of Japan, the land of the rising Sun continues to view Thailand as an investment-friendly economy.


    Special Advisor to the Prime Minister of Japan, Hiroto Izumi made the comment during his meeting with the Thai Deputy Prime Minister for economic affairs Dr. Somkid Jatusripitak, discussing bilateral cooperation between the two great nations.


    Izumi further stated that the collaboration between Thailand and Japan related to the ASEAN Economic Community is proceeding well, with plans for the future being aligned such as the Southern and Northeastern Economic Corridor projects, as well as cooperation on organic agriculture.


    Dr. Somkid welcomed Japanese investment in the ASEAN bloc, and asked Japan to provide assistance in Thailand’s bid to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).


    The CPTPP is a trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. It evolved from the Trans-Pacific Partnership, which never came into force due to the withdrawal of the United States.

    http://thainews.prd.go.th/en/news/de...00215125007881

  2. #2
    Days Work Done! Norton's Avatar
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    Actually it is compared to many others in the region. In my previous life had to set up companies in several countries. From the hardest (Bangdalesh) to the easiest (Singapore), Thailand was 2nd or 3rd easiest of 10.

  3. #3
    Thailand Expat Fondles's Avatar
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    Weren't the Japs pulling out a few years ago due the expense and difficulties of doing Business here ?

  4. #4
    Days Work Done! Norton's Avatar
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    Quote Originally Posted by Fondles View Post
    Weren't the Japs pulling out a few years ago due the expense and difficulties of doing Business here ?
    Perhaps some did but Automotive and Electronics manufacturing still strong here. Products built here are sent thoughout the region.

    Strong baht is making things difficult however.

  5. #5
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    If one drives thru the Industrial Estates south of Bkk and north of Bkk and also in the North - and there are not just few - you will see some 80% of the Japanese companies names. And they are not closed...
    Last edited by Klondyke; 16-02-2020 at 04:30 PM.

  6. #6
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    Toyota moved Fortuna production to the Fils, and otherwise doesn't seem to have actively disinvested, or invested in Thailand recently. More of a holding pattern- and their investments in Thailand are huge.
    One of the big Korean car manufacturers quietly cancelled it's plans to build a factory in Thailand after the 2nd military coup. Some major semiconductor manufacturing facility, widely assumed to go to Thailand likewise- Vietnam won.
    The overall story seems to be, given the political instability etc, foreign investment in Thailand is in a holding pattern. No mass disinvestment, but little in the way of major new investment.
    In 2006, when I moved to Thai, the amount of FDI flowing into Thailand absolutely dwarved that going into Vietnam. Now it is exactly the opposite. But the TD yellow shirt sages assure me foreign investment doesn't matter.

  7. #7
    กงเกวียนกำเกวียน HuangLao's Avatar
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    Why not encourage domestic growth with in these sectors, instead of relying on an off again/on again foreign capability.

  8. #8
    Thailand Expat
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    Quote Originally Posted by sabang View Post
    the amount of FDI flowing into Thailand absolutely dwarved that going into Vietnam
    It's quite simple explanation: So many Industrial Estates already in Thailand, all with foreign companies, created here in the last 50 years. Just look around Pattaya, Rayong, Eastern Seaboard. Do you want even more?

    Are you comparing what has been invested in Vietnam within the last 50 years by foreign companies? Where reaching 150 km away from Hanoi had taken one whole day - my experience 20 years ago - hopefully nowadays better...

    Not to speak about the difficult dealing with Vietnam officials when all was controlled and decided by military (dealing uncomparable with Thailand)

  9. #9
    Thailand Expat
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    ^BTW, all these foreign companies enjoying special privileges, paying few first years no tax (is it good for the country?) and many more incentives, covering here only the costs, no profits leaving here, read something about BOI...

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