# HSBC partners with BOI to promote investment in Thailand

- Link: https://www.thailand-business-news.com/banking/146237-hsbc-partners-with-boi-to-promote-investment-in-thailand
- Published: 2024-06-14T13:04:11+07:00
- Author: J. Allan

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.

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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.

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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.