No major foreign investor in Thailand has plans to move its production bases to another countries in 2013 or 2014, according to a survey released by the Board of Investment (BoI).
The BoI’s survey on “Foreign Investors’ Confidence in Thailand for 2013” was conducted between March and May, interviewing more than 500 foreign investors in Thailand.
Chokedee Kaewsaeng, BoI deputy secretary general, said on Thursday that 63% of the respondents planned to maintain investment levels in Thailand, while 34% of them planned to increase their investment portfolio.
Japanese, Chinese and Europeans were the investor groups planning the largest increase in investment, he added.
Key factors encouraging foreign investors to stay on in Thailand included the readiness of the country’s support industries, a sufficiency of raw materials, the availability of needed infrastructure, and investment privileges offered by the BoI, Mr Chokedee said.
In comparison, Thailand has better business facilitating factors than most other member countries of Asean, receiving a 3.64 grade out of five, second only to Singapore which was rated 3.79.
When compared to countries outside Asean, Thailand came after Japan (4.40) and nearly on a par with China (3.66).
The survey showed that most investors were confident that their business performance, including total income, income from domestic and overseas markets and net profit for 2013 would be better than in 2012 and would be much better in 2014.
It also found that 13.60% of foreign investors in Thailand had planned to expand businesses to neighbouring countries particularly Indonesia, Vietnam, Myanmar and Malaysia, in that order.
Asked about services provided by the BoI, most respondents were satisfied with the offered investment privileges and BoI’s online services and also the services provided by the visa and work permit issuance centres.
Mr Chokedee said the current political conflict will not have much impact on investment in the short-term, but if the government fails to breing about political stability, it would hurt investment in the long-term.
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BoI: Foreign investors won"t leave
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