royal thai embassy royal thai embassyseoul opportunities for new projects in thailand achara...

ROYAL THAI EMBASSYROYAL THAI EMBASSYSEOUL SEOUL

Opportunities for New Projects

in ThailandAchara Chaiyasan

First SecretaryRoyal Thai Embassy, Seoul

19 November 2013


Thailand: a Strategic Hub in Mainland ASEAN

ASEAN +6(Japan, China, Korea,

India, Australia,NZ)Pop: 4,937 Mil. Persons

GDP: 19,792 Bil. USD

Middle Income: 41 Mil. Persons (65%)


Thailand: Upper Middle Income Country

Source: Office of the National Economic and Social Development Board of Thailand (NESDB)

Thailand’s Global Economic Ranking

1st Largest Hard Disk Drive Producer

1st Largest 1-ton pickup truck

2nd Largest pickup truck producer

13th Largest Tourists Receipts

19th Largest Agricultural Output

20th Largest Manufacturing Output

1st ASEAN Largest Automobile Producer

1st ASEAN Largest Electronic Appliance Producer

2nd ASEAN Largest GDP

23rd Largest Economies by Purchasing Power

34th Largest Economies

37th Largest Services Output

GDP Growth (%) Avg. 1961 - 2010

World 3.49

China 8.24

Korea 7.21

Singapore 7.89

Malaysia 6.45

Thailand 6.38

Indonesia 5.40


Thailand: Economic Outlook for 2013

Economic Indicators 2013 (%)

GDP 4.2 – 5.2

Private Consumption 3.5

Total Investment 8.9

Export 7.6

Inflation 2.3 – 3.3

Current Account to GDP 0.9

3.8 – 4.3

Source: NESDB

Manufacturing


Thailand: Regional Free Trade Area Agreements

RCEP:ASEAN+ 6

-Bilateral FTAs between Thailand and partners (including CEPA with RoK)-ASEAN Economic Community (ASEAN 10)-Regional FTAs between ASEAN + 3 (China, Japan, Korea)-Regional FTAs between ASEAN + 6 (China, Japan, Korea, India, Australia, NZ)

Under the Negotiation

Under the Negotiation

ASEAN +3

AEC:ASEAN (10)

To be effective: Jan 2016

CEPA (Thailand & RoK)


FDI in Thailand

FDI in Thailand

Year No. of projects

Value of FDI(Mil. USD)

2007 1,317 21,155

2008 1,262 14,404

2009 1,573 23,346

2010 1,591 14,439

2011 2,112 21,714

2012 2,582 476,560*(hit record high in 46 yrs)

FDI from RoK to Thailand

Year No. of projects

Value of FDI(Mil. USD)

2007 52 373

2008 49 139

2009 36 266

2010 59 164

2011 39 249

2012 55 196(less than 1% of

total FDI to Thailand)

Source: Board of Investment of Thailand


Tax incentives in Thailand



Ease of Doing Business


• 11th most attractive FDI host country (UNCTAD)

• 18th Ease of Doing Business (World Bank)

• Lowest cost for prime office rents in Thailand (Bangkok) among major cities in Southeast Asia

USD / sq.ft./ Annum City Country

105 Singapore Singapore

49 Jakarta Indonesia

48 Hanoi Vietnam

47 Kuala Lumpur Malaysia

29 Bangkok Thailand


Thailand: Unparalleled Opportunities, Unbeatable Experience


• Top-ranked location in terms of expat lifestyle (HSBC) Countries Overall Experience Overall Setting up Overall Quality of Life

Thailand 1st 4th 1st

Malaysia 4th 10th 4th

Philippines 5th 12th 3rd


10 Industries to be newly promoted in Thailand1. Infrastructure and logistics (e.g. industrial zone, power generation from natural gas,

water resources for industrial purpose, transportation and mass transit, commercial airport and logistics center)

2. Basic industry (e.g. steel, petrochemicals, pulp and paper, machinery)3. Medical device and scientific equipment (e.g. medical device, medicine, medical

food, scientific equipment)4. Alternative energy and environmental services (e.g. power generation from

renewable energy, recycling, wastewater treatment and industrial waste disposal service, Energy Services Company: ESCO)

5. Services that support industrial sector (e.g. R&D, HRD, engineering design, software, calibration services, Regional Operating Headquarter: ROH, trade and investment support office)

6. Advance technologies (e.g. bio/nanotechnology, advanced material technology7. Food and agricultural processing industry (e.g. processed food, food additive,

herbal extract, product from natural rubber, bio-fuel) 8. Hospitality & Wellness (e.g. tourism activities, Thai motion picture production,

retirement home and care centre) 9. Automotive and other transport equipment (e.g. cars, motorcycle, train, aircraft,

shipbuilding and maintenance)10. Electric and electrical appliances (e.g. electronic design, solar cells) Source: BOI


Opportunities for New Projects in Thailand

Infrastructure Development(approx. USD 66 billion)

Water Resource Management(approx. USD 12 billion)

Alternative Energy

Biomass Solar Energy Energy from Waste


Infrastructure Development in Thailand

Source: NESDB


Metropolitan Rail System (Mass Transit)

Source: NESDB


Dual Track Rail System

Source: NESDB


High Speed Train

Source: NESDB


Infrastructure Development linking Border Areas

Source: NESDB

Border Trade with

Thailand

2012 (Ml. USD)

Total 25,0002.23%

Laos 42529.86%

Myanmar 5,8149.79%

Cambodia 2,64428.31%

Malaysia 16,6237.98%


Thank you!For more information, please contact

Royal Thai Embassy, SeoulTel: 02 795 0095 Email: [email protected]

http://www.thaiembassy.org/seoulFacebook: Royal Thai Embassy, Seoul Twitter: @RTE_Seoul

TradeOffice of Commercial Affairs

Tel: (02) 795-2431 http://www.buythai.or.kr/

Investment Board of Investment

Tel: (02) 319-9998http://www.boi.go.th/

Tourism Tourism Authority of Thailand

Tel: (02) 779-5416-8 http://www.tatsel.or.kr/

Travel/ LogisticsThai Airways International PLC

Tel: (02) 3707-0114 https://www.thaiair.co.kr/

royal thai embassy royal thai embassyseoul opportunities for new projects in thailand achara...

Documents

thailand source

thailand bangkok

board of investment

economic outlook

total fdi

bilateral ftas

korearegional ftas

projectsvalue of fdimil