Thai automobile exports see a bright prospect as the country remains the most attractive investment destination in Southeast Asia, an official from the Thai Department of International Trade Promotion has said.

The export value of automobiles is expected to grow 10 percent to more than 20 billion USD and auto parts to increase by 10 percent to over 13 billion USD this year, according to the department’s Director General Nantawan Sakuntanak.

Thailand remains the most attractive destination in ASEAN for investors thanks to skilled labour and its role as an international logistics centre. The department predicts the country will produce 2.2 million vehicles this year, Natawan was quoted by MCOT news online as saying.

The automotive industry is benefiting from the Board of Investment’s economic stimulation measures and promotional privileges on automobile investment projects, including the second-phase eco-car scheme.

Thailand’s main markets are Australia, Saudi Arabia, Indonesia, the Philippines, Malaysia, the United Arab Emirates, Chile, New Zealand, Oman and Laos.-VNA