In the latest post by Bangkok Post, foreign investors are confident about Thailand’s economic prospects.
Reasons for the positive sentiment:
- The acceleration of planned megaprojects
- The participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership
- Hopeful that Thailand will rev up negotiations for new FTAs after the elections especially with the European Union
- Positive sentiment from the Eastern Economic Corridor (EEC)
Areas which can be improved
- Connectivity between the EEC and related infrastructure developments
- Anti-corruption policies (implementation of e-government will help reduce corruption)
- The strong Baht
- Escalating trade wars
Last year applications to the Board of Investments for foreign direct investment (FDI) from Japanese investors totalled 334 projects or 32 per cent of total FDI.
The Thai Chamber of Commerce (TCC) forecasts GDP growth to be in the range of 4 to 4.3 per cent, up from 4.1 per cent last year. The main drivers will be exports, government spending and tourism.