Thailand aims to attract more foreign investment during COVID-19
To cope with the adverse impact of COVID-19 on foreign investment, Thai Deputy Prime Minister Dr. Somkid Jatusripitak, has assigned the Board of Investment (BOI) to fine-tune its work by highlighting the strengths of the country to attract more foreign investors.
Bangkok (NNT/VNA) - To cope with the adverse impact ofCOVID-19 on foreign investment, Thai Deputy Prime Minister Dr. SomkidJatusripitak, has assigned the Board of Investment (BOI) to fine-tune its workby highlighting the strengths of the country to attract more foreign investors.
The board was urged to focus on agricultural business to help raise incomedistribution in the local economy.
Deputy Prime Minister Somkid said that the BOI will find ways to create strongpoints in the country’s investment sector during the pandemic, which isexpected to have an impact on the global economy for one to two years.
They will focus on the food industry, agriculture, processed food, medicalservices, tourism, logistics and digital technology, in an effort to makeThailand the investment center of the CLMTV (Cambodia, Laos, Myanmar, Thailandand Vietnam) region.
Investment in the agricultural sector will create jobs andincomes for both small and new farmers. The BOI will use its mechanisms anddevelop investment packages to support connectivity between the smart farmers’group, local farmers and universities to help raise income distribution in thelocal economy.
To raise more funds from foreign investors in five years fromnow, the board has to help produce more unicorn businesses in Thailand. Aunicorn is a startup company valued at more than 1 billion USD. This willenable the country to advance from being just part of a supply chain forforeign entrepreneurs./.
Thai Deputy Prime Minister Somkid Jatusripitak has urged the Board of Investment (BoI) to make tax incentives and investment packages more attractive to foreign agri-businesses to turn Thailand into an investment hub for CLMV (Cambodia, Laos, Myanmar and Vietnam) countries.
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Thailand's capital Bangkok (Source: picswe.com) 
