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Thailand: Survey Shows Foreign Investors More Confident
Source: thailand.prd.go.th
Source Date: Wednesday, September 15, 2010
Focus: Electronic and Mobile Government, ICT for MDGs, Internet Governance
Country: Thailand
Created: Sep 19, 2010

The 2010 Foreign Investor Confidence survey, conducted by the Office of the Board of Investment (BOI), shows that foreign investors have become more confident in Thailand this year than they were last year.

The survey was undertaken from February to July 2010, when questionnaires were distributed to 686 companies, covering businesses with and without BOI promotional privileges. The objectives were to determine the level of confidence of foreign investors in Thailand, to seek information about their investment plans, and to identify their need for various services provided by BOI.

According to the survey, the overall foreign investor confidence index in 2010 stands at 71.8 percent, compared to only 41.5 percent in 2009. More than 50 percent of the respondents plan to maintain their investment value in Thailand between 2010 and 2011. They believed that the general situation next year would be better than that of this year.

The survey also indicates that 45 percent of the foreign investors plan to expand their businesses here, as they are confident in the promotional privileges and other supporting measures offered by the Thai public sector. Other reasons are that they are satisfied with the efficient infrastructure and appropriate labor costs.

However, 37 percent said that they would reduce the size of their businesses, because they had been adversely affected by the global economic slump and they also considered that Thailand was a small market.
Asked about the country’s potential, most of the foreign investors were of the opinion that Thailand is more advantageous than neighboring countries in terms of infrastructure in the forms of transport systems, public facilities, communication services, and logistics management.

They are satisfied with general services provided by Thai government agencies. Even so, they called on the Government to enhance the country’s competitiveness, ensure that the baht and its exchange rates remain at a suitable level. They also called for shortening procedures in the government service for greater flexibility and efficiency.

According to BOI, a total of 949 investment projects worth almost 269 billion baht sought promotional privileges from BOI between January and August 2010. The number of projects represented an increase of 46 percent and the value an increase of 12 percent over the same period last year. Most of the projects are involved with electricity generation from natural gas and alternative energy sources and the production of automotive parts and electronic components.

As for direct foreign investment during the eight-month period, it rose by 29.5 percent in terms of number and 43.5 percent in terms of value. Japan remains the largest foreign investor in Thailand, followed by Spain and Singapore. Most foreign investors are interested in investing in machinery, transport equipment, ceramics, electronics, and electrical aplliance industries.
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