Thailand still attractive to foreign investors thanks to top-notch logistics, technology, agriculture

[webfact]

Kingdom still attractive to foreign investors thanks to top-notch logistics, technology, agriculture

By THE NATION

 

 

Thailand, especially the Eastern Economic Corridor (EEC), will recover quickly from the Covid-19 crisis because the country can draw investment from its readiness in logistics infrastructure, technology, medical industry as well as capacity to grow food, the EEC Office said.

 

Lasamon Atthapis, secretary general of the EEC Office, said investment in the corridor will recover within the next two to three years.

 

“Within three years, total investment should climb to the Bt300 million target, thanks to Thailand’s capacity to draw foreign investors and their interest in shifting manufacturing bases owing to the US-China conflict and the virus situation,” she said.

 

She added that Thailand has been a manufacturing base for Japanese companies for a long time, and this is one of the key attractive points for investors, as they can continue their businesses using Thailand’s knowhow.

 

She added that she has spoken to several investors and they all agreed that Thailand’s transportation infrastructure was ready for the operation of logistics. “Our roads linked up and our ports, especially Laem Chabang, are prepared for expansion,” she added.

 

“Apart from transport and logistics, Thailand is also prominent in technology,” she said, adding that there are plans for mobile networks to work in every part of the country and will cover 50 per cent of EEC within 2021. “The network will be used in factories, smart cities and other places people in the future live,” she added.

 

Lasamon also said that Covid-19 has produced investment opportunities for Thailand in food, bio-technology and medical industries. She said that since the pandemic posed obstacles to logistics in other countries, food producers like Thailand came into the spotlight in terms of food security and creation of functional edibles.

 

Thailand has also been outstanding in fighting Covid-19 and this is beneficial in drawing investment in medical products and services.

 

Source: https://www.nationthailand.com/news/30389878

 

-- © Copyright The Nation Thailand 2020-06-19

 

- Whatever you're going through, the Samaritans are here for you

- Follow Thaivisa on LINE for breaking COVID-19 updates

 

[daveAustin]

Top notch? 

Might want to sort out the nightlife thing going forward as a big reason Thai was so popular with investors is for the junkets and recces. 

 

16 minutes ago, webfact said:

Thailand, especially the Eastern Economic Corridor (EEC), will recover quickly from the Covid-19 crisis because

... the numbers were fudged. 

[RichardColeman]

37 minutes ago, webfact said:

Lasamon also said that Covid-19 has produced investment opportunities for Thailand in food, bio-technology and medical industries.

 Covid-19 seems to be making more investment opportunities than the current government. 

[Don Mega]

So sometime in 2021 the Eastern Economic corridor (Chonburi, Rayong, and Chachoengsao) will have 50% mobile coverage.

 

Colour me impressed !!

[ezzra]

1 hour ago, webfact said:

top-notch logistics, technology, agriculture

Curb your enthusiasm guys, when ever and where ever i look, very little evidence of it on the surface, more like an oxymoron than facts...

[BobbyL]

They really are becoming desperate trying to push the EEC in every way. 

 

[Venom]

Top notch agro field burning that produces top notch smog makes agro production here very attractive to multinational corporations and investors wanting to take advantage of the local peasantry. 

[klauskunkel]

4 hours ago, webfact said:

Kingdom still attractive to foreign investors thanks to top-notch logistics, technology, agriculture

just wondering why they forgot to mention the top-notch Generals... 

[rkidlad]

4 hours ago, webfact said:

Kingdom still attractive to foreign investors thanks to top-notch logistics, technology, agriculture

Wow! That’s amazing. I don’t even need see evidence of this with my own eyes. Where do I sign up? 

[bodga]

55 minutes ago, Venom said:

Top notch agro field burning that produces top notch smog makes agro production here very attractive to multinational corporations and investors wanting to take advantage of the local peasantry. 

With top  notch chemical useage carefull y  applied by fully  trained local operatives.

[bodga]

6 minutes ago, rkidlad said:

Wow! That’s amazing. I don’t even need see evidence of this with my own eyes. Where do I sign up? 

Right under where it says B.S

[Isaan sailor]

She’s got the right idea—take full advantage of deteriorating American/Chinese trade.  And I hope her plans see fruition.

But the perpetually rising Baht throws a monkey wrench into her manufacturing plans.  

Fix the Baht—then your dreams shall come true...

[Deli]

Top Notch Logistics is Somchai with his lowered pick up truck, delivering shrimps at 160 km/h ? Or maybe all the bus and mini van drivers on drugs or falling asleep behing the wheel ? Technology are the frequent black outs coz of overloading ? OMG, this girl has wet dreams

[DLock]

6 hours ago, webfact said:

Within three years, total investment should climb to the Bt300 million target

 

Bt300million?

 

That's USD$10million.

 

There must be a comma missing, or an "m" where a "b" should be.

[NCC1701A]

I guess no one commenting here has ever watched a 7 Eleven being restocked. 

 

Or actually paid attention to airport or port operations. 

[fondue zoo]

The translation matrix for this article was a bit glitchy,   Functional edibles is a term used for a lot edible cannabis products ????

[Caldera]

Let's reassess the situation once potential investors will actually be able to enter the country again. By that time, many might have gone elsewhere already.

 

[Traubert]

1 hour ago, fondue zoo said:

The translation matrix for this article was a bit glitchy,   Functional edibles is a term used for a lot edible cannabis products ????

 I was wondering about that.

 

The only functional edibles I could think of was laxatives.

[Arkady]

If they don't sort out what was causing the economy to slump before the pandemic, it's hard to imagine that it is going to rise from the ashes like a phoenix.

[sammieuk1]

Everywhere is attractive to China secretary general ????

[Grumpy John]

Lipstick on a pig comes to mind!  Logistically speaking the country is behind the 8 ball.  Linehaul trucks limited to 60 km/h, the same trucks in some cases 30 years old,  programmed maintenance almost non existent.  Local and provincial trucks in worse condition.  Regulated sTop 6am to 9am (???) for Linehaul trucks.  Drivers working long hours.   I took a video a few weeks ago at a tyre place in Wang Si Phun.  I thought they were replacing the worn out junk tyres...no,  they repaired the junk tyres and the truck hit the road again!  Not good enough! 

 

 

[Cake Monster]

8 hours ago, BobbyL said:

They really are becoming desperate trying to push the EEC in every way. 

 

And what investor is going to invest in Thailand when, after a long hot day, there is no water running out of the Shower Head

[Skeptic7]

That headline omitted the most important...Slave Labor wages. 

[heist]

Top notch agriculture and latest modern farming techniques

 

[Mavideol]

14 hours ago, webfact said:

Kingdom still attractive to foreign investors thanks to top-notch logistics, technology, agriculture

wishful thinking nothing else, with a high/strong baht and a military government I doubt foreigners will invest here