HSBC has finalized a memorandum of understanding with Thailand’s Board of Investment to establish Thailand as a key investment destination.
Key Takeaways
- HSBC closed a partnership with Thailand’s Board of Investment (BOI) aiming to establish Thailand as an investment hub.
- The bank confirmed that 18% of international companies without operations in Thailand will enter the Thai market over the next two years.
- The company has focused on sectors such as digital transformation, green technology, and infrastructure development.
HSBC Thailand and Thailand’s Board of Investment (BOI) have signed a memorandum of understanding (MoU) to promote Thailand as Southeast Asia’s investment hub. This collaboration aims to enhance foreign direct investment (FDI) opportunities by leveraging HSBC’s international networks, experience, and digital banking platforms to support foreign investors.
Within the agreement framework, HSBC will make its international networking network available, which includes 62 countries, aiming to create opportunities for new businesses in the country.
Giorgio Gamba, HSBC CEO, expressed positivity regarding the growth of the Thai economy and explained that a large number of companies are planning to enter the Thai market.
According to HSBC Global Connections, 18% of international companies without operations in Thailand want to enter the Thai market over the next two years.
Furthermore, the survey confirmed that 37% of the companies that participated have already established their presence in the country.
HSBC poised to play a pivotal role in the global economy
HSBC’s global network has been instrumental in fostering investment opportunities across the globe. The company has connected investors with emerging markets and facilitated cross-border investments.
The company has focused on sectors such as digital transformation, green technology, and infrastructure development, which are pivotal in driving economic progress.
The bank’s emphasis on quality, diversification, and risk management by helping countries worldwide to create investment opportunities by matching clients with business opportunities across the globe.
