Sunday, August 20, 2017 - 7:39:54

Thailand develops ten industries

VNA Print

At the 2015 National Defence and Security Trade Fair in Thailand (Source: AFP/VNA)

Bangkok (VNA) – The Government of Thailand has just put a plan afoot to create incentives for investors in ten hi-tech industries, including automobiles and spare-parts, petrochemistry, food processing, fashion, electricity devices and digital technology. 

The plan, which will be reviewed by the Cabinet in a few weeks, aims to boost the investment in these sectors. 

A special fund will be set up for the plan, which gives incentives to small- and medium-sized enterprises and investors. 

Deputy Thai Prime Minister Somkid Jatusripitak called for the establishment of concentrated industrial parks for the ten sectors in a bid to lure foreign investment, especially from Japan. 

Additionally, tax incentives will also be offered to such sectors applying advanced technologies as robot, airplanes, biochemistry, the Deputy PM. 

According to Somkid, Thailand is actively considering joining the Trans Pacific Partnership (TPP), which accounts for 40 percent of the global GDP. 

The TPP is expected to benefit the trade and investment in the future, he reiterated.-VNA

 

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