Thailand's Board of Investment (BOI) plans to open its representative offices in Myanmar and Vietnam in 2017 and in Indonesia in 2018, as part of the country’s strategy to expand investment in ASEAN member nations.
Bangkok (VNA) - Thailand's Boardof Investment (BOI) plans to open its representative offices in Myanmarand Vietnam in 2017 and in Indonesia in 2018, as part of the country’s strategyto expand investment in ASEAN member nations.
BOI Deputy General Secretary Chokedee Kaewasangsaid with its strong economic growth, rich natural resources and high-qualityhuman resources, ASEAN will create competitive advantage.
ASEAN member states, especially Cambodia, Laos,Myanmar and Vietnam, are actively opening up to attract more foreign investmentflows.
In the first nine months of this year, Thailand’sinvestment in ASEAN hit 197.7 billion baht (nearly 5.5 billion USD),accounting for 55.33 percent of the country’s total investment abroad.
Overseas BOI offices are responsible forproviding detail information related to market, economic growth, investmentpolicy, opportunity, law and business culture in host countries.
Most Thai investors are interested in the Myanmarmarket thanks to its high economic growth and abundant natural resources, andconvenient shipping routes. Thailand’s total investment in Myanmar in the firstthree quarters of 2016 hit 14 billion baht (388.5 million USD).
According to Thailand’s Foreign InvestmentService Centre, many Thai entrepreneurs have selected Vietnam and Myanmar astheir strategic investment destinations, especially in textiles and agriculturalproduct processing.-VNA
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Thai Deputy Prime Minister Somkid Jatusripitak has called on foreign investors, including those from China, to keep calm as the nation’s political situation will be stable after its 2017 election.
Foreign direct investment (FDI) in Thailand has fallen by 90 percent in the first half of 2016 to the lowest level in the past ten years, according to the Bank of Thailand (BOT).
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
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A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
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ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Illustrative image (Source: Internet)
