Transcript e-Newsletter on Thailand’s Economic Potentials

ROYAL THAI EMBASSY
SEOUL
Opportunities for New Projects
in
Thailand
Achara Chaiyasan
First Secretary
Royal Thai Embassy, Seoul
19 November 2013
ROYAL THAI EMBASSY
SEOUL
Thailand: a Strategic Hub in Mainland ASEAN
Middle Income:
41 Mil. Persons
(65%)
ASEAN +6
(Japan, China, Korea,
India, Australia,NZ)
Pop: 4,937 Mil. Persons
GDP: 19,792 Bil. USD
ROYAL THAI EMBASSY
SEOUL
Thailand: Upper Middle Income Country
GDP Growth (%)
Avg. 1961 - 2010
Thailand’s Global Economic Ranking
1st Largest Hard Disk Drive Producer
World
3.49
1st Largest 1-ton pickup truck
China
8.24
2nd Largest pickup truck producer
Korea
7.21
Singapore
7.89
13th Largest Tourists Receipts
19th Largest Agricultural Output
20th Largest Manufacturing Output
Malaysia
6.45
Thailand
6.38
Indonesia
5.40
1st ASEAN Largest Automobile Producer
1st ASEAN Largest Electronic Appliance Producer
2nd ASEAN Largest GDP
23rd Largest Economies by Purchasing Power
34th Largest Economies
37th Largest Services Output
Source: Office of the National Economic and Social Development Board of Thailand (NESDB)
ROYAL THAI EMBASSY
SEOUL
Thailand: Economic Outlook for 2013
3.8 – 4.3
Economic Indicators
2013 (%)
GDP
4.2 – 5.2
Private Consumption
3.5
Total Investment
8.9
Export
7.6
Inflation
2.3 – 3.3
Current Account to GDP
0.9
Manufacturing
Source: NESDB
ROYAL THAI EMBASSY
SEOUL
Thailand: Regional Free Trade Area Agreements
-Bilateral FTAs between Thailand and
partners (including CEPA with RoK)
-ASEAN Economic Community (ASEAN 10)
-Regional FTAs between ASEAN + 3
(China, Japan, Korea)
-Regional FTAs between ASEAN + 6
(China, Japan, Korea, India, Australia, NZ)
CEPA
(Thailand & RoK)
Under the Negotiation
ASEAN +3
RCEP:ASEAN+ 6
Under the Negotiation
AEC:ASEAN (10)
To be effective: Jan 2016
ROYAL THAI EMBASSY
SEOUL
FDI in Thailand
FDI from RoK to Thailand
FDI in Thailand
Year
No. of
projects
Value of FDI
(Mil. USD)
Year
No. of
projects
Value of FDI
(Mil. USD)
2007
1,317
21,155
2007
52
373
2008
1,262
14,404
2008
49
139
2009
1,573
23,346
2009
36
266
2010
1,591
14,439
2010
59
164
2011
2,112
21,714
2011
39
249
2012
2,582
476,560*
2012
55
196
(hit record high in 46 yrs)
(less than 1% of
total FDI to Thailand)
Source: Board of Investment of Thailand
ROYAL THAI EMBASSY
SEOUL
Tax incentives in Thailand
Source: Board of Investment of Thailand
ROYAL THAI EMBASSY
SEOUL
Ease of Doing Business
• 11th most attractive FDI host country (UNCTAD)
• 18th Ease of Doing Business (World Bank)
• Lowest cost for prime office rents in Thailand
(Bangkok) among major cities in Southeast Asia
USD / sq.ft./ Annum
City
Country
105
Singapore
Singapore
49
Jakarta
Indonesia
48
Hanoi
Vietnam
47
Kuala Lumpur
Malaysia
29
Bangkok
Thailand
Source: Board of Investment of Thailand
ROYAL THAI EMBASSY
SEOUL
Thailand:
Unparalleled Opportunities, Unbeatable Experience
• Top-ranked location in terms of expat lifestyle (HSBC)
Countries
Overall Experience
Overall Setting up
Overall Quality of Life
Thailand
1st
4th
1st
Malaysia
4th
10th
4th
Philippines
5th
12th
3rd
Source: Board of Investment of Thailand
ROYAL THAI EMBASSY
SEOUL
10 Industries to be newly promoted in Thailand
1. Infrastructure and logistics (e.g. industrial zone, power generation from natural gas,
water resources for industrial purpose, transportation and mass transit, commercial
airport and logistics center)
2. Basic industry (e.g. steel, petrochemicals, pulp and paper, machinery)
3. Medical device and scientific equipment (e.g. medical device, medicine, medical
food, scientific equipment)
4. Alternative energy and environmental services (e.g. power generation from
renewable energy, recycling, wastewater treatment and industrial waste disposal
service, Energy Services Company: ESCO)
5. Services that support industrial sector (e.g. R&D, HRD, engineering design,
software, calibration services, Regional Operating Headquarter: ROH, trade and
investment support office)
6. Advance technologies (e.g. bio/nanotechnology, advanced material technology
7. Food and agricultural processing industry (e.g. processed food, food additive,
herbal extract, product from natural rubber, bio-fuel)
8. Hospitality & Wellness (e.g. tourism activities, Thai motion picture production,
retirement home and care centre)
9. Automotive and other transport equipment (e.g. cars, motorcycle, train, aircraft,
shipbuilding and maintenance)
10. Electric and electrical appliances (e.g. electronic design, solar cells)
Source: BOI
ROYAL THAI EMBASSY
SEOUL
Opportunities for New Projects in Thailand
Infrastructure Development
(approx. USD 66 billion)
Water Resource Management
(approx. USD 12 billion)
Alternative Energy
Biomass
Solar Energy
Energy from Waste
ROYAL THAI EMBASSY
SEOUL
Infrastructure Development in Thailand
Source: NESDB
ROYAL THAI EMBASSY
SEOUL
Metropolitan Rail System (Mass Transit)
Source: NESDB
ROYAL THAI EMBASSY
SEOUL
Dual Track Rail System
Source: NESDB
ROYAL THAI EMBASSY
SEOUL
High Speed Train
Source: NESDB
ROYAL THAI EMBASSY
SEOUL
Infrastructure Development linking Border Areas
Border
Trade
with
Thailand
2012
(Ml. USD)
Total
25,000
2.23%
Laos
425
29.86%
Myanmar
5,814
9.79%
Cambodia
2,644
28.31%
Malaysia
16,623
7.98%
Source: NESDB
ROYAL THAI EMBASSY
SEOUL
Thank you!
For more information, please contact
Royal Thai Embassy, Seoul
Tel: 02 795 0095 Email: [email protected]
http://www.thaiembassy.org/seoul
Facebook: Royal Thai Embassy, Seoul Twitter: @RTE_Seoul
Trade
Office of Commercial Affairs
Tel: (02) 795-2431
http://www.buythai.or.kr/
Investment
Board of Investment
Tel: (02) 319-9998
http://www.boi.go.th/
Tourism
Tourism Authority of Thailand
Tel: (02) 779-5416-8
http://www.tatsel.or.kr/
Travel/ Logistics
Thai Airways International PLC
Tel: (02) 3707-0114
https://www.thaiair.co.kr/