It is time to do business in Thailand and Thai Investors are looking for opportunities abroad! ASEAN region is forecast to expand by 5.7% in 2018. As for Thailand economy, it will expand in 2018 by 4%, increasing from an expansion rate of 3.9% in 2017. The key factors to the growth are public and private investments, exports, tourism, infrastructures, digital economy and Logistics.
In 2018, applications for investment promotion privileges under Thai’s BOI will hit its target of THB 600 billion worth, with an increasing from 40 business categories to about 100 categories. This is related to factors such as the growth of Thailand exports, the Free Trade Agreements under negotiation phase, the development of new financial services via global hubs, PPP and Infrastructure projects, the growth of Tourism (TAT forecasts revenue of THB 3.1 trillion in tourism revenue in 2018), the strategic Thailand 4.0 policy on digital economy, Physical infrastructure, Agricultural reform and Local economic development enhance a perfect scenario for discussions, encounters, debates, partnerships and businesses.
While Thailand will continue being a hub for foreign investment in ASEAN, the growth of wealth in Thailand is also making the Thai wealthy families to consider diversifying the portfolio of investments in different jurisdictions. In 2018 Thailand’s richest families saw their collective wealth surge to more than US$162 billion from 2017.
Thailand Banking Investment & Finance Summit 2018 is striving for establishment of a solid commitment with Thailand economic development and leadership in the context of ASEAN integration.
