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Thailand is facing an interesting phenomenon in the international investment sector, as the National Economic and Social Development Council (NESDB) revealed that many Chinese investors are choosing to register their companies in Singapore before investing in Thailand.
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To avoid the impact of the US tariffs, this rcs data romania phenomenon reflects the complexity of international investment in the context of the ongoing trade war, which is an issue that the Thai government must carefully consider.
Therefore, the agency responsible for promoting investment in the country, such as the Board of Investment (BOI), should set up some mechanisms so that Thai companies are not at a disadvantage, giving them the opportunity to increase their bargaining power, and control the direction of investment to be more in line with the country's interests. Meanwhile, the government should accelerate discussions to exchange various benefits and encourage Chinese investors to register directly in Thailand. The advantages of this approach are transparency, creating direct business relations between the two countries, and increasing opportunities to transfer technology and knowledge to Thai entrepreneurs.
The Thai government should realize that solving this problem requires a balance between promoting investment and protecting national interests. Initially, improving the tax privilege system and investment to be on par with or superior to neighboring countries such as Singapore is something that must be considered. In addition, it must adhere to the principle of long-term fiscal sustainability. Creating a business ecosystem that is conducive to joint ventures between Thai and Chinese entrepreneurs, with clear support measures for companies that transfer technology and develop Thai labor skills is an approach that should be pushed forward.
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