THAILAND, with its population of 69 million, stands at the heart of the ASEAN Economic Community, a 10-nation Southeast Asian common market of 660 million consumers. It has the 2nd largest economy in Southeast Asia, with a strong consumer base having a total buying power of over US$ 246.11 billion. Thailand is known for its world-class infrastructure for air, land, sea and rail transportation. It also boasts excellent digital connectivity, a highly skilled labor force and an excellent standard of living, making Thailand an outstanding value when considering its overall cost effectiveness.
As a regional economic center, with all its numerous advantages, it should come as no surprise that Thailand has become the second home for numerous global MNEs, and a supply chain hub for major industries. These foreign investment activities have been enabled by streamlining of government legislation, a growing domestic market, and access to resources such as finance and technical knowledge.
Thailand provides additional incentives for investment in the development of Core Technologies, like advanced manufacturing, in which Thailand has potential to enhance the country’s overall competitiveness and industries.