Connect with us

Asean

Belt and Road Initiative and EEC connectivity boosts investment opportunities in ASEAN

China’s Belt and Road Initiative (BRI) has become a major driver of economic development in this part of the world according to BOI

Avatar

Published

on

Thailand aims to connect China’s Belt and Road Initiative (BRI) to accelerate more investment and trade opportunities in Asia, especially ASEAN and ACMECS.

Thailand’s Deputy Prime Minister Somkid Jatusripitak told almost 1,000 participants from both China and Thailand at the “Thailand-China Business Forum 2018: Comprehensive Partnership through the Belt and Road Initiative and the EEC”.

The forum was held by the Thailand Board of Investment in support of the 6th Thailand-China Joint Cooperation Committee meeting in Thailand. Dr. Somkid told the audience that it was the first time the Chinese delegates, led by China’s State Councilor Wang Yong, had also invited a group of major Chinese entrepreneurs and highlevel Chinese executives to join the mission to explore investment opportunities in Thailand.

The number of Chinese entrepreneurs joining the mission was over 400 persons, which was beyond expectations.

In his keynote speech, Dr. Somkid said that Chinese investment patterns are shifting both because of the changing global economic landscape and because of China’s rapid economic development.

At the same time, many countries in Asia have started to cooperate more closely and also link up via the development of logistical and transport projects.

China’s Belt and Road Initiative (BRI) in particular has become a major driver of economic development in this part of the world as it is connecting China with many countries across Asia, as well as connecting Asia at large with Europe and other parts of the world.

The Thai government sees the economic transformation of the country as its top priority, which is why it seeks to ensure a supportive business environment and ecosystem for investors.

As part of this mission, the government will establish a new committee chaired by the Prime Minister to facilitate investors and make it easier for foreign investors to conduct business in Thailand. Ms. Duangjai Asawachintachit, Secretary General of the Board of Investment (BOI), echoed those views.

Chinese investors are among our top priority targets,” Duangjai said. “To better support them, BOI has established three offices in China so as to facilitate Chinese investors across the country. In the two years and the first half of this year, the total value of investment applications from China has already exceeded 56 billion baht. In addition, we have arranged roadshows to China several times to promote investment in Thailand.”

With this in mind, the Thai government has developed a number of infrastructure projects and special initiatives, such as the Eastern Economic Corridor of Innovation (EECi), to serve as an incubator hub for startups and human resource development.

Source : Board of Investment (BOI)

Continue Reading
Advertisement
Comments

Asean

Trade War Incentive Schemes flourishing in ASEAN

Countries such as Thailand, the Philippines, Malaysia, and Indonesia have unveiled an array of incentive packages to entice businesses affected by the US-China trade war.

Avatar

Published

on

Governments across ASEAN have been unveiling an array of incentive packages to entice businesses affected by the US-China trade war.

(more…)

Continue Reading

Corporate

Employers should hire new workers based on their potential

Avatar

Published

on

A Thailand representative office is essentially a branch of a foreign corporation

58 percent of employers have hired employees based on their potential, and 94 percent of them said their potential-based hires had become a valuable part of their teams. 

(more…)

Continue Reading

Asean

ASEAN bucks record 155 billion USD FDI in 2018

The flow of foreign direct investment (FDI) into the 10 ASEAN countries has gone up for the third consecutive year, breaking a record 155 billion USD set in 2018.

Olivier Languepin

Published

on

Last year inflows to the ten-member Association of South East Asian Nations (ASEAN) were up 11.5%, from US$147 billion in 2017 to $155 billion in 2018, according to new UNCTAD research.

(more…)

Continue Reading

Most Read

Upcoming Events

Tue 10

21st World conference pharmaceutical chemistry and drug design

December 9 @ 8:00 am - December 10 @ 5:00 pm BMT
DUBAI,UAE
Dubai
Jan 23

12th World Congress on Alzheimers Disease & Dementia

January 23, 2020 @ 9:00 am - January 24, 2020 @ 5:00 pm BMT
Feb 12

Future Energy Asia

February 12, 2020 - February 14, 2020
BITEC
Bangkok
Feb 19

13th World Congress on Nursing and Health Care

February 19, 2020 @ 9:00 am - February 20, 2020 @ 5:00 pm BMT
Phuket
Phuket city
Mar 11

Food science conferences

March 11, 2020 @ 8:00 am - March 12, 2020 @ 5:00 pm BMT

Press Release

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 11,908 other subscribers

Trending