The inflation and unemployment rates stayed low, and the current account continued to be in surplus. At the same time, foreign reserves remained high while the external debt level was on a declining trend. To read about Bank of Thailand analysis...
Foreign direct investment is welcomed and encouraged by the Thai government. Thailand provides an attractive environment for FDI with:
- its central location in Asia,
- good infrastructure and efficient transportation,
- affordable wages,
- adaptable labor force,
- reasonably low real estate and construction costs,
- commitment to trade and investment liberalization with ASEAN, APEC and other countries.
The Board of Investment (BOI), the investment regulatory agency of Thailand, has various investment incentives for potential investors looking to set up a business in Thailand. The BOI also provides investment promotion services and aims to be a one-stop shop for all investment related services. To know what privileges the BOI grant for FDI, click here.