ROYAL THAI EMBASSY ROYAL THAI EMBASSYSEOUL Opportunities for New Projects in Thailand Achara Chaiyasan First Secretary Royal Thai Embassy, Seoul 19 November.

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Presentation transcript:

ROYAL THAI EMBASSY ROYAL THAI EMBASSYSEOUL Opportunities for New Projects in Thailand Achara Chaiyasan First Secretary Royal Thai Embassy, Seoul 19 November 2013

ROYAL THAI EMBASSY ROYAL THAI EMBASSYSEOUL 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%)

ROYAL THAI EMBASSY ROYAL THAI EMBASSYSEOUL Thailand: Upper Middle Income Country Source: Office of the National Economic and Social Development Board of Thailand (NESDB) Thailand’s Global Economic Ranking 1 st Largest Hard Disk Drive Producer 1 st Largest 1-ton pickup truck 2 nd Largest pickup truck producer 13 th Largest Tourists Receipts 19 th Largest Agricultural Output 20 th Largest Manufacturing Output 1 st ASEAN Largest Automobile Producer 1 st ASEAN Largest Electronic Appliance Producer 2 nd ASEAN Largest GDP 23 rd Largest Economies by Purchasing Power 34 th Largest Economies 37 th Largest Services Output GDP Growth (%)Avg World3.49 China8.24 Korea7.21 Singapore7.89 Malaysia6.45 Thailand6.38 Indonesia5.40

ROYAL THAI EMBASSY ROYAL THAI EMBASSYSEOUL Thailand: Economic Outlook for 2013 Economic Indicators2013 (%) GDP4.2 – 5.2 Private Consumption3.5 Total Investment8.9 Export7.6 Inflation2.3 – 3.3 Current Account to GDP – 4.3 Source: NESDB Manufacturing

ROYAL THAI EMBASSY ROYAL THAI EMBASSYSEOUL 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 ASEAN +3 AEC:ASEAN (10) To be effective: Jan 2016 CEPA (Thailand & RoK)

ROYAL THAI EMBASSY ROYAL THAI EMBASSYSEOUL FDI in Thailand YearNo. of projects Value of FDI (Mil. USD) 20071,31721, ,26214, ,57323, ,59114, ,11221, ,582476,560* (hit record high in 46 yrs) FDI from RoK to Thailand YearNo. of projects Value of FDI (Mil. USD) (less than 1% of total FDI to Thailand) Source: Board of Investment of Thailand

ROYAL THAI EMBASSY ROYAL THAI EMBASSYSEOUL Tax incentives in Thailand Source: Board of Investment of Thailand

ROYAL THAI EMBASSY ROYAL THAI EMBASSYSEOUL Ease of Doing Business Source: Board of Investment of Thailand 11 th most attractive FDI host country (UNCTAD) 18 th Ease of Doing Business (World Bank) Lowest cost for prime office rents in Thailand (Bangkok) among major cities in Southeast Asia USD / sq.ft./ AnnumCityCountry 105Singapore 49JakartaIndonesia 48HanoiVietnam 47Kuala LumpurMalaysia 29BangkokThailand

ROYAL THAI EMBASSY ROYAL THAI EMBASSYSEOUL Thailand: Unparalleled Opportunities, Unbeatable Experience Source: Board of Investment of Thailand Top-ranked location in terms of expat lifestyle (HSBC) CountriesOverall ExperienceOverall Setting upOverall Quality of Life Thailand1 st 4 th 1 st Malaysia4 th 10 th 4 th Philippines5 th 12 th 3 rd

ROYAL THAI EMBASSY ROYAL THAI EMBASSYSEOUL 10 Industries to be newly promoted in Thailand 1.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 technology 7.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

ROYAL THAI EMBASSY ROYAL THAI EMBASSYSEOUL Opportunities for New Projects in Thailand Infrastructure Development (approx. USD 66 billion) Water Resource Management (approx. USD 12 billion) Alternative Energy BiomassSolar EnergyEnergy from Waste

ROYAL THAI EMBASSY ROYAL THAI EMBASSYSEOUL Infrastructure Development in Thailand Source: NESDB

ROYAL THAI EMBASSY ROYAL THAI EMBASSYSEOUL Metropolitan Rail System (Mass Transit) Source: NESDB

ROYAL THAI EMBASSY ROYAL THAI EMBASSYSEOUL Dual Track Rail System Source: NESDB

ROYAL THAI EMBASSY ROYAL THAI EMBASSYSEOUL High Speed Train Source: NESDB

ROYAL THAI EMBASSY ROYAL THAI EMBASSYSEOUL Infrastructure Development linking Border Areas Source: NESDB Border Trade with Thailand 2012 (Ml. USD) Total25, % Laos % Myanmar5, % Cambodia2, % Malaysia16, %

ROYAL THAI EMBASSY ROYAL THAI EMBASSYSEOUL Thank you! For more information, please contact Royal Thai Embassy, Seoul Tel: Facebook: Royal Thai Embassy, Seoul Trade Office of Commercial Affairs Tel: (02) Investment Board of Investment Tel: (02) Tourism Tourism Authority of Thailand Tel: (02) Travel/ Logistics Thai Airways International PLC Tel: (02)