|Job||Bangkok Post Staff Writer|
2018 12 15 Publish
Industry Minister Uttama Savanayana said Asean countries have roughly 1,000 SEZs [special economic zones], representing 20% of 4,500 SEZs globally in 270 cities. He said the SEZ scheme will contribute 20% of the GDP in each country and increase worker income by an average of 8% a year.
Thailand, the government initiated 10 SEZs in border provinces in 2015 and is now developing two SEZ locations in Sa Kaeo and Songkhla. The Kanchanaburi and Tak SEZs are proceeding with land development, while the Treasury Department will issue land auction envelopes for SEZ development in Nakhon Phanom, Mukdahan and Nong Khai.
… the government is working hard on the flagship Eastern Economic Corridor (EEC) scheme, envisioned as an Asean manufacturing hub providing 44 special service promotion zones.
… Laos has 15 SEZs and Myanmar has 20 SEZs. Malaysia runs 18 SEZs, 300 special service promotion zones and six technology industrial parks. Vietnam has 18 SEZs, 292 special service promotion zones and three technology industrial parks. Singapore has two SEZs, two eco-industrial estates and one technology centre
Nonetheless, Somhatai Panichewa, president of SET-listed Amata VN Plc, said the group has spent 3.4 billion baht on investment in industrial-related infrastructure at Amata operations in Vietnam. Amata VN plans to invest in a smart city in Vietnam and team up with Japan’s Yokohama city in 2019. It will also join with South Korea’s Incheon metropolitan area to develop a smart city in Vietnam
Amata VN invested in Amata City Bien Hoa, Amata City Halong and Amata City Long Thanh in Vietnam for its first overseas industrial operations. Parent firm Amata Corporation has invested in Vietnam for 20 years. In 2018, Amata VN spent 700 million baht in Bien Hoa, 1.3 billion baht in Long Thanh and 700 million baht in Ha Long. In 2019, plans call for allocating more investment budget in Vietnam, Laos and Myanmar for the development of new industrial estates
2018 12 20 Publish
The Industry Ministry will encourage local and foreign companies to co-invest in a 500-million-baht joint venture firm for the establishment of the country’s innovation space project in early 2019. The project, named InnoSpace Thailand Co, will be a public-private venture meant to support new startups in the country
Mr Uttama said InnoSpace Thailand will connect startups with fresh capital and increase value-added products targeted at the global market. The ministry recently received funds from five companies – PTT, Siam Cement Group, Charoen Pokphand Group, Thai Beverage and Bangkok Bank – for this joint venture
InnoSpace Thailand is located in the Eastern Economic Corridor of Innovation (EECI) in Wang Chan district, Rayong province
Mr Uttama said two foreign agencies – Hong Kong Cyberport Management Co and Israel Economic and Trade Mission – are interested the EECI
Narong Sirilertworakul, president of National Science and Technology Development Agency (NSTDA), said the project will create 100-200 Thai startups in 2019
2019 09 03 Publish: KCCI - Korea poised for Thai FDI rise
Park Yongmaan said South Korea will organise the Asean-Korea Summit meeting in November, aiming to strengthen cooperation between the country and the region. Kotra signed a joint statement with the Eastern Economic Corridor (EEC) on promoting investment, especially in the EEC of Innovation (EECI) and EEC of Digital (EECD). Kanit Sangsubhan, secretary-general of the EEC Office, said the two premiers plan to sign an agreement during the summit in November
Duangjai Asawachintachit, secretary-general of BoI, said Thailand is inviting South Korean companies to visit the EEC provinces – Chachoengsao, Chon Buri and Rayong – as the government seeks further EEC investment
Duangjai Asawachintachit said Thailand has such a strong supply chain with many industries such as automotive, electronics, petrochemicals and biochemical sectors
Duangjai Asawachintachit added the country’s petrochemicals industry is ranked as first in Southeast Asia and 16th globally. Thailand’s biochemicals industry is ranked third in Southeast Asia and seventh globally
Chang Ji-Sang, president of the Korea Institute for Industrial Economic and Trade, said South Korea and Thailand have had strong diplomatic relations for many decades. South Korea has its new southern policy in an expansion of investment to Southeast Asia, including Thailand. South Korea invested in Thailand to reach a peak at $584 million in 2011
2019 10 07 Publish: Scaling the high-income ladder
The government also aims to raise per capita income to US$15,000 (467,384 baht), with average GDP growth of 5-6%. The plan further entails raising competitiveness so that Thailand can break into the global top 20 on that score.
Thailand’s per capita income was close to $7,000 a year in 2018, and the country ranked 30th in the IMD World Competitiveness rankings, slipping from 27th in 2017
The country’s national strategy comes with 23 master plans. Under those plans, there are 15 urgent flagship projects that must be implemented during 2019-23. The 15 projects are split into several groups: social and economic restructuring in an effort to increase Thai competitiveness; upgrading Thais’ skills; projects that can create a balance between social and economic growth; infrastructure projects that can drive long term economic growth; and projects that can generate income to create sustainable growth.
The first five years (2019-23) of development are based on requirements set under the national strategy plan. Gross national income per capita is targeted to increase by an average of 70,000 baht a year to reach 360,000 baht in 2023, up from 290,000 baht in 2019. Growth in agriculture, industry and services/other is targeted at 3.8%, 4.6% and 5.4%, respectively, in the 12th national plan