2. 1. Thailand everything you need to know
2. Thailand Freight Forwarders Market
3. Business Opportunities (Vertical Market
Analysis)
4. Conclusion
TABLE OF CONTENTS
2
4. Kingdom of Thailand first established in 1253 as Sukhothai
Kingdom with Buddhist political philosophy under the King as
governing the land.
Over 763 years of Thai Nation
Thailand is the only one country in Asia that was never colonized by
Western Countries (including USA).
At Present:
Government ruling junta led by PM.Prayuth Chan-O-Cha
The new election will be held in 2018, Thais just voted to accept the
new election rule in July 2016.
Bangkok population estimates around 6 million.
Religion: Buddhism 93.2%, Islam 5.5%, Christianity 0.9% and others.
Language: Thai (English remains low.)
KINGDOM OF THAILAND
4
11. 11
Followed AEC Plan, the rail transportation.
Thai-China High Speed Rail Project
Phase I : Bangkok – Phitsanulok (Expected 2018)
Phase II: Phitsanulok-Chiang Mai (Expected 2020)
RAIL SYSTEM DEVELOPMENT PLAN 2016-2020
12. 12
Distance:
More than 500
kilometers of
new mass
transit network
by 2029
MASS TRANSIT DEVELOPMENT PLAN BANGKOK
Airport:
Connect
Suvarnbhumi
Airport with Don
Mueang Airport
Stops:
More than 175
new mass
transit stops in
Bangkok
14. BOI(1) – 13 TARGETED ACTIVITIES WILL BE OFFERED
MAXIMUM INCENTIVES FROM BOI
14
15. BOI (2) - INCENTIVES UNDER THE INVESTMENT
PROMOTION ACT
15
Tax Incentives Non-Tax Incentives
Exemption/reduction of import duties on
machinery (Sections 28/29)
Reduction of import duties for raw or
essential materials (Section 30)
Exemption of corporate income tax and
juristic person income tax. (Section 31 and
34)
A 50 percent reduction of the corporate
income tax (Section 35(1))
Double deduction from the costs of
transportation, electricity and water supply
(Section 35 (2))
Additional 25 percent deduction of the cost of
installation or construction of facilities
(Section 35 (3))
Exemption of import duty on raw or essential
materials imported for use in production
for export (Section 36)
Permit for foreign nationals to enter the Kingdom
for the purpose of studying investment
opportunities. (Section 24)
Permit to bring into the Kingdom skilled workers
and experts to work in investment promoted
activities (Section 25 and 26)
Permit to own land. (Section 27)
Permit to take out or remit money abroad
(Section 37)
Source: Board of Investment(BOI) Thailand
16. Thailand’s export shark due to the economic contraction of China
affecting recovery of world’s demand.
While the low domestics oil price and shrinkage of investment in
Thailand, had a result in lower Thai import.
“Joyous activities” are forbidden for a year.
Festival and ceremony are allow time-to-time by Government
announcement.
Tighter labor market, low inflation, stronger consumer spending.
THAILAND ECONOMIC REVIEW OF 2016 Q3
16
17. New Audit and New Law
High investment from foreigners and public companies
Export: Volume will be decreasing in some sectors, Value &
Price will be increasing. Food/Automotive/Bioplastics will be
increasing.
Tourisms and hospitality are high-rate as usual
Board of Investment Focus on:
Promoting a better business environment
Public Infrastructure investment
Development in skilled-workers
Promoting innovations
THAILAND ECONOMIC FORECASTING OF 2017
17
2015 2016 2017
GDP Growth 2.8 3.1 3.2
Headline Inflation -0.9 0.6 2.2
Core Inflation 1.1 0.8 1.0
19. LOGISTICS PERFORMANCE INDEX (1) – ASIA FOCUS
19
4.18
3.94
3.32
3.17
3.11
2.69
2.75
2.61
2.62
2.43
1.85
4.2
4.1
3.75
3.45
3.12
2.65
2.7
2.55
2.36
2.33
1.76
3.96
4.05
3.7
3.48
3.37
2.9
3.12
3.01
3.11
2.23
2.18
4.09
4
3.62
3.34
3.14
3
2.88
2.7
2.6
2.36
2.1
4.05
4.03
3.68
3.46
3.2
3.19
2.84
2.86
2.7
2.57
1.76
4.4
4.29
3.9
3.65
3.56
3.46
3.5
3.35
3.3
2.85
2.68
SINGAPORE
HONG KONG,…
CHINA
MALAYSIA
THAILAND
INDONESIA
VIETNAM
PHILIPPINES
CAMBODIA
MYANMAR
LAO PDR
Customs
Infrastructure
International shipments
Logistics competence
Tracking & tracing
Timeliness
Data obtained from The World Bank-
LPI
20. LOGISTICS PERFORMANCE INDEX (2): THAILAND VS.
AVERAGE OF REGIONS
20
0
0.5
1
1.5
2
2.5
3
3.5
4
LPI Score
Customs
Infrastructure
International shipmentsLogistics competence
Tracking & tracing
Timeliness
Thailand Region: East Asia & Pacific Region: South Asia
Data obtained from The World Bank-LPI
21. THE VOLUME OF SHIPMENT BY MODES OF
TRANSPORTATION IN THAILAND
21
0
100
200
300
400
500
600
700
800
2013 2014 2015
MillionTonsperYear
2013 2014 2015
Road 709.69 724.625 704.013
Railway 11.562 11.667 11.253
Waterway 93.805 95.092 89.125
Air 0.132 0.132 0.13
Source: National Statistical Office of Thailand
22. 1. DHL
2. Schenker
3. Kuehne Nagel Inc.
4. UPS
5. Damco (Maersk)
6. Panalpina
7. Phoenix International
8. BAX Global
9. Agility
10. UTI Worldwide which now UTI join venture
with DSV Air&Sea and DSV Solution)
TOP 10TH FREIGHT FORWARDERS IN THAILAND AS
OF 2015.
22
Reference: Ministry of Commerce., Thailand Trading Service.
23. EXPORT VALUE BY REGION (IN MILLION USD)
23
0.00
0.02
0.04
0.06
0.08
0.10
0.12
0.14
0.16
1991 1996 2001 2006 2011 2016
Millions
Asia Export Europe Export North America Export South America Export Africa Export Australia Export
Source: National Statistical Office of Thailand
24. IMPORT VALUE BY REGION (IN MILLION USD)
24
0.00
0.02
0.04
0.06
0.08
0.10
0.12
0.14
0.16
0.18
0.20
1991 1996 2001 2006 2011 2016
Millions
Asia Import Europe Import North America Import South America Import Africa Import Australia Import
Source: National Statistical Office of Thailand
25. TRADING VALUE THAILAND VS. ASIA (IN MILLION
USD)
25
0.00
0.05
0.10
0.15
0.20
0.25
0.30
1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015
Millions
Asia Export Asia Import Thailand Export Thailand Import
Source: National Statistical Office of Thailand
26. THAILAND TOP 10TH EXPORT INDUSTRIES OF
2016
26
Automotive and parts
26%
Computer and
components
16%
Jewelry, gems, and
ornamentation
15%
Thermoplastics
7%
Intergrated circuits
7%
Machinery and
equipment
7%
Rubber
6%
Chemical products
6%
Air conditioning and
components
5%
Iron and steels
5%
Source: National Statistical Office of Thailand
27. THAILAND TOP 10TH IMPORT INDUSTRIES OF
2016
27
Machinery and equipment
17%
Electronice Machine and
components
15%
Crude Oil
12%
Chemical products
12%
Iron and
steels
9%
Automotive parts
and components
9%
Intergrated circuits
8%
Ore, Mine and Mineral
6%
Electric Household
appliances
6%
Computer and components
6%
Source: National Statistical Office of Thailand
28. TREEMAP - TOP 10TH EXPORT INDUSTRIES 2014-
2016
Confidential 28
Source: National Statistical Office of Thailand
30. 1. Aviation Industry
2. Automotive Industry – (Automotive and parts Import/Export)
3. Bioplastics
4. Chemical Industry
5. Electrical and Electronics – (Computer and Components Import/Export)
6. Food Industry
7. Gems and Jewelry
8. Machinery & Metalworking Industry
9. Medical and Pharmaceutical
10.Rubber Industry
BUSINESS OPPORTUNITIES BY
INDUSTRIES
30
32. AVIATION INDUSTRIES (1) - OVERVIEW
32
“Aviation Hub for the region- Heart of Asia”
The global leading aircraft parts producers in Thailand:
Ducommun technologies, Weston SEA, Triumph Structures, Driessen Aircraft Interior
Systems and Leistritz
Full-service for Aerospace hub – Maintenance, Repair & Overhaul Center (MRO) market
value of US$640million
MRO the largest companies:
Thai Airways International, Scandinavian Aircraft Maintenance, Thai Aviation Industries,
Triumph Aviation Service Asia and Eurocopter
33. Import value at US$4.7 billion, 90% increase
from 2012
HS-88 is the Thailand’s largest Import and
export sector
Tax-based incentives include exemption or
reduction of import duties on machinery and
raw materials.
Foreign Businesses are entitles to 100%
ownership for manufacturing aircraft service and
maintenance.
AVIATION INDUSTRY (2) – FACT AND FIGURE
33
45%
39%
16%
France
USA
Others
Thailand’s Major Aircraft/Spacecraft/
Parts import market of 2015
34. AVIATION INDUSTRIES (3) - AIRPORT OF
THAILAND’S FREIGHT AND MAIL SERVICE IN
TONS FROM 2006 - 2015
34
Source: Airport of Thailand PLC.
35. AVIATION INDUSTRIES (4) - VOLUME OF AIR CARGO
(FREIGHTS&MAILS EXCLUDE TRANSITS) AT
SUVARNABHUMI AIRPORT 2015
35
36. Eva Airways remains the all cargo
operator with the highest freight
volume among 239,265tons of
air cargo carried by freighters
Lufthansa Cargo experienced the
highest contraction of 84.9% in
2015.
Qatar Airways set-up the based
in Thailand as Regional Hub for
spare parts replacement, for all
Aircraft on ground.
AVIATION INDUSTRIES (5)
INTERNATIONAL CARGO VOLUME
BY AIRLINE(CARGO FLIGHT ONLY) 2015
36
38. Under Thai Government Master Plan:
Auto parts clusters were developed to tighten
business connections between automotive firms and
their suppliers, lower logistics costs and improve
efficiencies
Manufacturers and industrial area are geographically
accessible and logistically convenient location
FTA: Japan, India, China, Australia and New Zealand
Support foreign investors with wide Range of tax and
non-tax incentives for projects, including Free Tax
zone
“World-Class Automotive Production Base” by 2020.
AUTOMOTIVE INDUSTRY (1) – OVERVIEW
38
39. AUTOMOTIVE INDUSTRY (2) – EXPORT VALUE
(MILLION THB) BY COUNTRIES 2016
39
121,500.70
THB 52,491.60
THB 37,379.20
THB 30,646.40
THB 30,028.20
THB 29,268.90
THB 21,452.30
THB 21,998.60
THB 18,607.20
THB 17,689.60
0.00 20,000.00 40,000.00 60,000.00 80,000.00 100,000.00 120,000.00 140,000.00
Australia
Philippines
Indonesia
Malaysia
Saudi Arabia
Japan
USA
Vietnam
Mexico
New Zealand
Source: National Statistical Office of Thailand
40. AUTOMOTIVE INDUSTRY (3) – IMPORT VALUE
(MILLION THB) BY COUNTRIES 2016
40
THB 87,230.70
THB 55,908.20
THB 15,984.40
THB 13,858.90
THB 12,469.70
THB 8,246.30
THB 7,690.40
THB 6,856.00
THB 5,620.40
THB 3,990.80
- 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 100,000
Japan
China
USA
Indonesia
Germany
Thailand
Philippines
Malaysia
India
South Korea
Source: National Statistical Office of Thailand
41. 2,400 Automotive
suppliers
709 are original
equipment
manufacturer (OME)
Local supply 85% are
parts used in pickup
truck assembly
70% of parts used for
passenger cars
assembled
Produces nearly 100%
of parts used in the
domestics assembly of
AUTOMOTIVE INDUSTRY (4) – THE SALES
TREND.
41
43. Bioplastics are used in packaging, catering products, consumer electronics,
automotive, agricultural/horticulture, toys and textiles, etc.
Main Consumer: Europe Main Producer: Asia
Thailand with agricultural and industrial resources became the regional hub in
bio-plastics industry of Asia since 2013.
Thailand is the world largest exporter Cassava (Raw material of Bioplastics
industry), and second biggest Sugar exporter.
Under Supportive Thai Government Policies:
- Supporting the construction of bioplastics resin pilot plant.
- Reducing import duties for bioplastics resin that cannot be manufactured in
Thailand
- Offering tax incentives for R&D
- Permitting use of raw materials from Starch and Sugar at export price.
BIOPLASTICS INDUSTRY (1) - OVERVIEW
43
Source: European Bioplastics
Global Production Capacities of
Bioplastics in 2015 (By Region)
47. Chemical Industry is dominated by companies in the
end-product sector.
Strong supporting role for other sectors
The world’s major providers are operating in Thailand.
LCB is the strategically positioned for Chemical
Export/Import, Eastern Seaboard.
Under Supportive Thai Government Policies:
Phase III (2004-2018) Development plan in Chemical Industry
Rayong Province (Map Ta Phut and surrounding area) – 94% of
chemical capacity.
8 years corporate income tax for Eco-Friendly Project
CHEMICAL INDUSTRY (1) - OVERVIEW
47
48. CHEMICAL INDUSTRY (2) – EXPORT VALUE
(MILLION THB) BY COUNTRIES 2016
48
Source: National Statistical Office of Thailand
THB 31,325.70
THB 12,768.10
THB 11,666.80
THB 10,126.00
THB 8,457.10
THB 7,531.60
THB 6,036.90
THB 4,338.90
THB 4,238.50
THB 3,905.40
- 5,000.00 10,000.00 15,000.00 20,000.00 25,000.00 30,000.00 35,000.00
China
India
Indonesia
Vietnam
Japan
Malaysia
Singapore
Myammar
Taiwan
Philippines
49. CHEMICAL INDUSTRY (3) – IMPORT VALUE
(MILLION THB) BY COUNTRIES 2016
49
Source: National Statistical Office of Thailand
THB 67,881.40
THB 48,693.40
THB 30,477.40
THB 22,963.70
THB 20,280.40
THB 18,756.20
THB 18,601.50
THB 13,678.20
THB 9,058.40
THB 8,524.10
- 10,000.00 20,000.00 30,000.00 40,000.00 50,000.00 60,000.00 70,000.00 80,000.00
China
Japan
USA
Singapore
Malaysia
South Korea
Taiwan
Germany
Indonesia
Saudi Arabia
51. Under Supportive Thai Government Policies:
Electronics design and embedded software are priority activities
which receive non-tax incentives. Normal incentive applies for
electrical & Electronic producers.
Integrated Circuits (IC)
Major export destination: Hong Kong, Taiwan, Singapore and China
Automotive Electronics
Presence Companies in Thailand: Kansei, Delta Electronics, Hitachi
Automotive Systems, Omron Automotive Electronics
Global forecasting demand US$314 billion within 2020.
Data Storage and Hard Disk Drives(HDD)
The 2nd Largest Global producer and exporter of HDD
Exported nearly US$8 Billion.
ELECTRICAL & ELECTRONICS (1) - OVERVIEW
51
52. ELECTRICAL & ELECTRONICS (2)- EXPORT
VALUE (MILLION THB) BY COUNTRIES 2016
52
THB 113,561.70
THB 64,229.40
THB 37,219.70
THB 28,479.80
THB 22,917.90
THB 17,910.80
THB 16,107.10
THB 12,325.50
THB 11,332.80
THB 6,896.30
- 20,000 40,000 60,000 80,000 100,000 120,000
USA
Hong Kong
China
Netherlands
Malaysia
Japan
Mexico
Singapore
Germany
Czech Republic
Source: National Statistical Office of Thailand
Total Export Value of US$29.3 billion
in 2015 and US$55 billion in 2014.
Currently the trends is decreasing.
0
20
40
60
BillionUSD
53. ELECTRICAL & ELECTRONICS (3)-IMPORT VALUE
(MILLION THB) BY COUNTRIES 2016
53
THB 151,328.00
THB 73,266.80
THB 20,155.70
THB 18,153.10
THB 14,098.20
THB 13,725.10
THB 12,806.90
THB 9,313.90
THB 7,063.10
THB 7,037.30
- 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000
China
Japan
Malaysia
USA
Thailand
South Korea
Germany
Taiwan
Singapore
Vietnam
Source: National Statistical Office of Thailand
54. 6. FOOD INDUSTRY
54
80% of raw
materials used in
domestic food
manufacturing are
locally available
“Kitchen of the
World”
Over 9,000
processed
food
factories
55. More than 9,000 processed food factories
Halal food is growing over 60% over the past 4 years.
Under Supportive Thai Government Policies:
Exemption on import duty on Machinery and raw or essential materials used in manufacturing export products
Project in the Cold Storage transportation receive exemptions of import duty on machinery and import duty on raw or
essential materials.
Major Thai and Multination Industry leaders:
.
FOOD INDUSTRY (1) – OVERVIEW
55
56. FOOD INDUSTRY (2)-EXPORT DESTINATION OF
FOOD INDUSTRY BY COUNTRY AS OF 2015
56
Source: National Statistical Office of Thailand
57. FOOD INDUSTRY (3)- STRUCTURE OF FOOD
EXPORT WORLDWIDE
57
Source: United Nations Conference on Trade and Development (UNCTAD)
59. GEMS AND JEWELRY INDUSTRY (1)
- OVERVIEW
59
1.3Million
Industry’s
workforce
24%
Mine
workers
76% Gem
Lapidaries
Labor Intensive
-Craftsmanship
-Beautiful Designs
-Modern Technology
FTA
Australia
New Zealand
Japan
Over 100
Companies in
gems and jewelry
supply chain
Over 70 firms are
foreign jewelry
companies, established
in Thailand as
Gemopolis
60. GEMS AND JEWELRY INDUSTRY(2)-TOP 10TH
COUNTRIES OF EXPORT IN 2016
60
Switzerland
37%
Hong Kong
14%
Singapore
10%
USA
8%
Australia
6%
Germany
4%
Japan
3%
Belgium
2%
UAE
2%
India
2%
Others
12%
Total Value ~ 366,573.7 MillionTHB (Jan-Oct 2016)
And 371,072 MillionTHB in 2015
61. Thailand is a production base as Asia-Pacific Distribution Center for
George Jensen and Pandora.
GEMS AND JEWELRY INDUSTRY(3)-
61
Under Supportive Thai Government Policies:
• Export Promotion for non-tax and tax incentives
• Gems and Jewelry Industrial Center under the Department of Industrial Promotion of the
Ministry of Industry.
• Gems & Jewelry fair annually
63. MACHINERY & METALWORKING INDUSTRY(1) -
OVERVIEW
63
Computers,
Optical reader
21%
Computer
parts,accessorie
s
17%
Air, vacuum
pumps
11%
Piston
engine
parts
10%
Turbo-jets
8% Printing
machinery
8%
Taps,Valves
8%
Transmission
shafts,gears,clut
ches
6%
Miscellaneous
machinery
6%
Rubber/Plastic
machines
5%
Other
25%
Under Supportive Thai Government Policies:
Exemption of Import duties on
machinery and raw materials
5 years corporate income tax holiday
for manufacture machinery, equipment
and parts of moulds and dies.
3 years corporate income tax holiday
for assembly of machinery and
equipment
Non-tax incentives for export
essential materials used in
5,532 Factories
200,000 Workers
136,970 Certified engineers
AEC 2020 - New Economic with streamlined
movement of goods, service and investment capital
64. MACHINERY & METALWORKING INDUSTRY (2)
64
HS
Code
Description Import
US$
Billion
Export
US$
Billion
8708 Parts and
accessories of
tractors
5.40 6.82
8414 Air,Vacuum
pumps,Compresso
r&fans,hoods&fans
1.73 2.56
8443 Printing Machinery 1.24 1.94
8411 Turbo-jets,Turbo-
propellers and
other gas turbines
1.14 1.94
8483 Transmission
shafts
0.10 1.24
THB 18,425
THB 16,474
THB 10,491
THB 9,734
THB 9,018
THB 8,577
THB 7,231
THB 6,550
THB 6,549
THB 6,298
5,000 15,000
Japan
USA
China
Indonesia
Singapore
Brazil
Vietnam
Malaysia
Netherla…
India
Source: National Statistical Office of Thailand
Export Volume
(Million THB)
by countries 2016
65. MACHINERY & METALWORKING INDUSTRY (3)-
IMPORT VALUE BY COUNTRIES 2016
65
Japan
31%
China
23%
Germany
7%
USA
7%
South Korea
4%
Taiwan
3%
Indonesia
3%
Malaysia…
UK
3%
Italy…
Others
14%
Other
22%
Total Value 448,598 Million THB (~US$15 billion)
68. Swissotel Nai Lert Park Hotel sold to Bangkok
Dusit Medical Service (BDMS), Thailand’s
largest hospital operator. It will become
medical center
Under Supportive Thai Government Policies:
Language support: English, Arabic, Japanese,
Chinese
BOI classifies biotechnology for medical as a
priority activity of special importance and benefit to
country
200% deduction on training expense, 40%
deduction on depreciation on machinery from
revenue.
4 Majors areas:
1. Medical Service
2. Integrative Wellness Centers
3. Development of Thai herbs
MEDICAL AND PHARMACEUTICAL INDUSTRY (2)
68
70. Major Manufacturers in TH: Goodyear,
Bridgestone, Michelin, Dunlop.
Other rubber products: Top Glove, Ansell.
Major Rubber categories:
Primary processed rubber
Block rubber
Sheet rubber and concentrated rubber
Under Supportive Thai Government Policies:
3 years corporate income tax exemption for
manufacture primary processed rubber.
RUBBER INDUSTRY (1) - OVERVIEW
70
71. RUBBER INDUSTRY (2)- EXPORT VALUE BY
DESTINATION COUNTRIES 2016
71
USA
29%
China
9%
Japan
6%
Malaysia
5%
Australia
4%
Vietnam
3% Germany
3%
Indonesia
2%
UAE…
India
2%
Others
35%
Other
41%
76. - Risk and Limitation
Slowdown of Chinese Economy
Depreciation of currencies of Thailand’s trading partners
+ Supporting Factors
Low oil price
Continual expansion of the tourism sector
Acceleration of government expenditure and investment
THAI ECONOMY (+/-)
76
Worldwide Connections The establishment of the ASEAN Economic Community (AEC) in 2015 has set up ASEAN as a single market that facilitates free flows of goods; and freer flows of services, investment, capital and skilled labor within the region. With further progress and expansion, we will become the center of a new economic engine of ASEAN
Strategically located at the heart of Asia, Thailand aptly serves investors as a dynamic gateway to a fast growing economic market. Our growing economy, world-class infrastructure, competitive human capital and strong government support, are responsible for our key position as one of the most attractive investment destinations for foreign investors.
Attractive Host Country
Thailand has demonstrated remarkable economic progress experiencing foreign direct investment (FDI) inflows’ growth of 21% over the past 6 years, compared to the global percentage of 0.7%. Occupying the 4th rank in Asia’s top prospective host economies, Thailand has gained a solid reputation as a second home for various global multinational enterprises (MNEs).
Thailand has signed free trade agreements (FTA) with numerous trading partners worldwide, to reinforce its commitment to free and fair global trade, while conducting ongoing negotiations for new FTAs.
Hub of Regional Road Connectivity Thailand has more than 465,000 kilometers of roads and a vast highway network connecting each region nationwide. We are also continuously upgrading and constructing new international road networks. Our goal is to increase regional cooperation with numerous fast-growing countries such as China, India, Viet Nam, Malaysia and Singapore and become a major hub of regional road connectivity
Increasing Momentum Toward Regional Transport Connectivity:
Rail Systems More than 4,000 kilometers of railway lines connect the various regions of Thailand. Plans are in the works to build both double-track railways and high speed trains, enabling a better connection with neighboring countries..
A new mass transit system in Bangkok is also under construction. A total of more than 175 new stops are expected in the Bangkok Metropolitan Mass Transit system as well as in the rail connection between the Suvarnabhumi and Don Mueang airports
Competitive Corporate Income Tax
With the reduction of the successive corporate income tax to 20% in 2013, the corporate tax rate in Thailand ranks as the 2nd lowest in the ASEAN countries. Not only has this led to an increase in economic activities and investments in Thailand but it has also put the kingdom in a competitive position against other countries.
BOI – Board of Investment Thailand
In order to obtain investment promotion, the BOI applicant must follow the conditions prescribed by the Board of Investment as specified in the BOI promotion certificate in which the following incentives will be granted:
Thailand as the heart of Asia:
Full-service aerospace hub
Major player in the region for aircraft maintenance
industry (Value of US$637 millions)
International cargo fluctuated yearly, from slightly increased in previous year to slightly
decline in 2015. Yet, some airlines managed to grow their cargo shipments while others
reported loss in volume of air cargo.
Thai Airways International experienced another difficult year on cargo segment, as they
dropped the number of shipments for both international and domestic services in all AOT’s
airports. The situation was similar with Bangkok Airways to which they lost volume of cargo
shipment as well.
Conversely, those low cost airlines based at Don Mueang International Airport enjoyed the
drastic increased of their cargo performance both international and domestic market. This
can be assumed that those low cost airlines paid more attention to air cargo business over
the years.
Eva Airways remains the all cargo operator with the highest freight volume among 239,265 tons of air cargo carried by freighters, followed by Nippon Cargo Airlines and Airways All Nippon Airways. K-Mile Air was the fastest growing operator in 2015 with an increase of 517.7%
The major national carriers, Thai airways International reported divergent results.
Thailand is a nation home to both a strong, thriving agricultural base and advanced technologies and research-driven resources, provides a competitive advantage to the bio-plastic industry.
Thailand has more than 3000 companies and offers existing complete value chain industries to the bio-plastics industry.
Seagate is manufactured and hub in Thailand.
Thailand is the world’s top producers of food products such as rice, canned, tuna, frozen seafood, chicken, canned pineapples, and etc
Thailand’s abundant natural resources provide the country with a clear comparative advantage in the food processing industry.
Food import is very less percentage of overall. Therefore, it is not necessary to concern.
With its centuries-old reputation for superb craftsmanship and its strong manufacturing base, Thailand has become one of the world’s top exporters of gems and jewelry.
The fine jewelry industry is labor-intensive and relies on skilled craftsmanship, beautiful designs and modern
technology to produce jewelry competitive in international markets. Multinational corporations can leverage
Thailand’s unique advantages, including high-quality Thai artisanship in the areas of cutting and polishing colored
stones and diamonds, sufficient supply of skilled workers at low cost, natural resources, and government promotion.
Polished Diamond from Thailand are admired around the World for high quality.
Georg Jensen, a global Denish luxury brand chose Thailand as production base in Asia Pacific Distribution. Pandora relocates its operations in Thailand.
Non-tax incentives include
permission to bring in expatriates, own land and take or remit foreign currency abroad.
Thailand is one of the world’s largest medical tourism markets, with the number of
international patients continuing to rise. According to Thailand’s Ministry of Public Health
and the Kasikorn Research Center, Thailand welcomed more than 2.5 million international patients in 2015,
Thailand is the largest producer of natural rubber
The southern part of Thailand has a monsoon climate, which is highly conducive to rubber tree cultivation.
SET is Stock Exchange of Thailand. The most top companies in SET also means they earn high net profit, high market share and have the power to take the role in Thai Market.