Thailand is in the process of "Ease of Doing Business" reforms

[snoop1130 11,983]

Thailand is in the process of "Ease of Doing Business" reforms

 

 

BANGKOK (NNT) - The government has made improving the business environment in Thailand a key policy by setting a goal to raise the ranking of the ease of doing business to be among the top 20 countries in the world. The public and private Sectors today organized a platform to achieve the goal.

 

The Office of the Public Sector Development Commission (OPDC), responsible for driving and monitoring the ease of doing business related reforms and strengthening the competitive environment, is hosting a briefing session on “Status and Progress of Thailand’s Ease of Doing Business Reforms.” Deputy Prime Minister Wissanu Krea-ngam and Deputy Prime Minister Supattanapong Punmeechaow participated in the event.

 

Deputy Prime Minister and Minister of Energy Supattanapong Punmeechaow presided over the opening ceremony and gave the opening remarks.

 

He said Thailand is ready for Ease of Doing Business Reforms. Thai government has prepared infrastructure for the past 5 years, including the Eastern Economic Corridor (EEC), transportation and technology infrastructure. The government also works hard to prevent the spread of COVID-19, that affects all of the business sector. Now, Thailand is ranked 21st in the World Bank’s Global Ease of Doing Business Index.

 

Thailand is in the progress of responding to the World Bank’s advice and the “Ten for Ten” proposal by five ambassadors to Thailand.

 

Ten steps for Thailand to crack the Top Ten in the World Bank’s Global Ease of Doing Business Index are as follows: Simplify and Digitize Cross-Border Clearance, Simple and Smart Licensing, Increase Availability of E-Government, Simplify BOI Applications, Account-Based Customs Processing, Pivot to Digital Commerce, Simplify Access for Skilled Labor, Prioritize Transparency, Improve Bankruptcy Processes and Increase Digitization of Health Thai FDA Approvals.

 

-- © Copyright NNT 2020-11-30

 

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[Tropicalevo 5,894]

And how many members of the senate and the rest of the government have ever worked in a business?

[Robin 182]

Where does Thailand rank on the "ease of entry for business-men?

[webfact 79,187]

Govt hopes to make Thailand one of the top countries for business in two years

By The Nation

 

Deputy PM Supattanapong Punmeechaow

 

The government has set an ambitious target for itself – making Thailand one of the top 10 countries in the world for ease of doing business in the next two years, said Deputy PM Supattanapong Punmeechaow, who doubles as energy minister.

 

Thailand was ranked 21 in the World Bank’s Ease of Doing Business 2020 list of 190 countries surveyed.

 

He added that Thailand is ready on all aspects, especially logistics infrastructure, in order to achieve this goal.

 

Phongsaward Guyaroonsuith, director-general of the Strategic Transformation Office, said the office aims to complete 85 per cent of laws related to doing business within the next year to help boost the country’s ranking.

 

Nattapon Dejvitak, Loxley's executive vice president, said the private sector is working with the government to develop a trade platform to help cut related costs for business operators in import-export transactions.

 

The platform, which will be linked up with 37 related state agencies, will go on trial in the first quarter of next year, before going into full use later in the year. This will help save between Bt4 billion and Bt5 billion per year on the cost of import-export documentation and related labour costs.

 

Source: https://www.nationthailand.com/business/30398838

 

-- © Copyright The Nation Thailand 2020-12-01

 

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

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[ukrules 20,928]

49% ownership is a major obstacle for international business.

 

It's a dead end, always has been, always will be.

 

[sammieuk1 20,182]

Some days I think of liposuction as being the only answer to a lockdown expanding gut then up pops this story to get my sides stitched for free at the same time 

[scorecard 21,181]

...In 2 years?

 

This has all been discussed/touted several times before.

 

Why wasn't the current objective achieved 10 years ago?

[Jessi 4,282]

Its just the Thai Government propaganda machine working on its "HUBS & SUPERPOWER"

[brimacthai 139]

Their fear that someone might actually make a profit from doing business in Thailand will always trump their decision process.

[yellowboat 16,075]

3 hours ago, ukrules said:

49% ownership is a major obstacle for international business.

 

It's a dead end, always has been, always will be.

And the crazy labor laws and visas.   Malaysia and Vietnam are easier to deal with. 

[Destiny1990 7,307]

Invest 100% of the capital in a thai company and then you may own it for a maximum of 49%.

That’s how easy doing business they have made. Work-permits extensions etc also very easy

[ChakaKhan 2,938]

5 hours ago, Robin said:

Where does Thailand rank on the "ease of entry

for the working pattaya girls..wrap that rascal gents!

[Dukeleto 1,590]

Oh please...

[steveyinasia 902]

This government has a lot of hopes however very short on actions.

[Disillusioned farang 51]

4 hours ago, ukrules said:

49% ownership is a major obstacle for international business.

 

It's a dead end, always has been, always will be.

 

Not to mention the exchange rate Killing exports , Ridiculous work permit rules and general rubbish work ethic !!