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Thailand’s new financial business law expected to be approved next month

Thailand’s new financial business law designed to attract foreign funds is expected to be submitted to the Thai cabinet by early February, Deputy Finance Minister Paopoom Rojanasakul said at a press conference on January 22.

An aerial view of Bangkok's skyline at night. Thailand is aspiring to become a regional financial hub. (Photo: bangkokpost.com)
An aerial view of Bangkok's skyline at night. Thailand is aspiring to become a regional financial hub. (Photo: bangkokpost.com)

Bangkok (VNA) - Thailand’s new financial business law designed to attract foreign funds is expected to be submitted to the Thai cabinet by early February, Deputy Finance Minister Paopoom Rojanasakul said at a press conference on January 22.

According to Paopoom, the law will create an “one-stop authority” agency to provide services to facilitate investment and promote Thailand’s aim to become a financial centre.

He said Thailand is open and ready to attract funds into the country.

Business operators targeted in the financial hub plan will receive both tax and non-tax benefits. The target businesses are in areas of banking, payment service, securities, derivatives, digital assets, insurance, reinsurance brokerage, and related financial business./.

VNA
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