Seminar on Investment Opportunity in Thailand was held in Chengdu on Tuesday. The meeting, co-organized by the Board of Investment of Thailand (BOI) and the Royal Thai Consulate-General in Chengdu, has brought together hundreds of entrepreneurs from Sichuan and many others beyond as well.  

Li Sue, deputy general manager of Thermal Power Division I of Dongfang Electric Corporation, told NBD that her company is looking for investment opportunities in Thailand for its abundant labor resources, sound legal system and low corporate taxes.

Mrs. Phantipha Iamsudha EKAROHIT, Consul-General of Thailand in Chengdu, said the Thai economy has continued to expand with the overall economic growth rate of 3.2% in 2016. Especially, "Thailand 4.0", a new economic modal embraced by the Royal Thai Government, will bring Sichuan investors great opportunities.

The program will concentrate on investment-led transformation in 5 important dimensions, i.e. technology, human resources, infrastructure, enterprises, and innovative targeted industries, especially with the establishment of the Eastern Economic Corridor (EEC).

On December 13, 2016, Thailand approved the Transport Infrastructure Action Plan for the year 2017, with a total investment budget worth 895 billion baht (25.2 billion US dollars). The Government expects to open bids for some 15 railway routs. In addition, 5 other projects, such as airport and highway projects will start by 2017, she added.

In terms of real estate investment, projects approved by BOI will be considered as freehold properties.The Thai government also welcomes Chinese to invest in eco-friendly fertilizers and retirement communities.

Email: tanyuhan@nbd.com.cn