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Thailand leverages strengths to draw foreign capital

BOI Secretary-General Narit Therdsteerasukdi said the 19% rate allows Thailand to remain competitive compared to other countries in the region, adding that investors in target industries have expressed confidence in proceeding with Thailand investments.

BOI Secretary-General Narit Therdsteerasukdi (Photo: The Nation)
BOI Secretary-General Narit Therdsteerasukdi (Photo: The Nation)

Bangkok (VNA) – Thailand's Board of Investment (BOI) is promoting five core competitive advantages to attract foreign capital, expressing confidence that the country remains an attractive destination despite the US's newly announced 19% reciprocal tariffs.

The BOI is focusing on building high-tech industrial supply chains and transforming Thailand's economic structure toward future industries as it navigates the evolving global trade landscape.

BOI Secretary-General Narit Therdsteerasukdi said the 19% rate allows Thailand to remain competitive compared to other countries in the region, adding that investors in target industries have expressed confidence in proceeding with Thailand investments.

The board is actively promoting five key sectors: bio-circular-green (BCG) economy, electric vehicles, semiconductors and advanced electronics, digital and artificial intelligence technology, and international business centres.

It identified five strengths as draw to foreign capital, including quality infrastructure, integrated supply chains, skilled workforce, government support, and market access./.

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