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COVID-19 to Boost Thai Medical Industry

The University of the Thai Chamber of Commerce (UTCC) has suggested Thai entrepreneurs in the medical and technology industries to explore their opportunities during the COVID-19 situation

National News Bureau of Thailand

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BANGKOK (NNT) – Though COVID-19 has badly impacted many industries, some such as medical science and technological advancement may benefit from aspects of the crisis.

The University of the Thai Chamber of Commerce, has suggested Thai entrepreneurs grab the opportunity to develop innovations, and some Chinese medical equipment companies are preparing to move their production bases to Thailand.

Mr. Aat Pisanwanich, Director, Center for International Trade Studies (CITS), University of the Thai Chamber of Commerce, said today a major factor affecting the thinking of foreign entrepreneurs especially Chinese businesses to open branches and production bases in Thailand, is the COVID-19 pandemic.

As it has affected the whole business cycle, business operators must consider the rise in capital costs and other risks.

Foreign entrepreneurs have also noted that Thailand has shown an ability to cope with the pandemic, while the Thai workforce has quality and the landscape facilitates transportation.

Thailand should take advantage of the COVID-19 epidemic by promoting and supporting the needs of the health industry such as rubber gloves, dietary supplements, cosmetics, medical equipment, electronic products and IT products.

However, the disadvantage is political uncertainty, wage hikes, and the strength of the Thai baht.

National News Bureau Of Thailand

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Health

Thailand to produce and supply AstraZeneca’s Covid-19 vaccine

AstraZeneca has signed several deals with companies and governments around the world to supply more than three billion doses of the vaccine as it gets closer to reporting early results of a late-stage clinical trial

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The Thai Ministry of Public Health, AstraZeneca, Siam Bioscience and SCG announced yesterday their intent to manufacture the University of Oxford’s potential COVID-19 vaccine in Thailand.

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Health

Thailand to propose four destinations for medical tourists

A sub-committee of the CCSA has already green lit principles for the use of spas, resorts and wellness centers as alternative quarantine locations with the Department of Health Service Promotion, drafting guidelines for the practices

National News Bureau of Thailand

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BANGKOK (NNT) – The Medical Hub Board is to propose that the government allow direct international flights to quarantine spa and resort locations in facilitation of medical tourists, adding to Special Tourist VISA (STV) visitors being allowed into the country to stimulate its economy.

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COVID-19 situation in Thailand as of 27 September 2020

Tourism Authority of Thailand

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On the WHO website you can find information and guidance from WHO Thailand regarding the outbreak of novel coronavirus (COVID-19) that was first reported from Wuhan, China. Please visit this page for regular updates as the situation evolves.

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