Thailand keeps advancing amid new challenges! The public and private sectors have launched 5 urgent measures to strengthen Thai businesses’ resilience against global competition while enhancing the country's industrial capabilities.
5 Game-Changing Measures
1️⃣ Stronger Thai SMEs – Increased incentives! A full 5-year tax exemption for investments upgrading machinery and digital technology.
2️⃣ Local Content as a New Powerhouse – Encouraging the use of locally made parts in electric trains and home appliances, with a 50% tax reduction extended for 2 more years, plus business matchmaking events at "SUBCON Thailand."
3️⃣ Domestic Production, Global Standards – Strict quality control on auto and electronics parts requiring primary processing in Thailand to build international trust.
4️⃣ Targeted Investment Regulation – Protecting Thai industries by limiting incentives for high-risk sectors like furniture and solar panels, focusing investment in industrial estates.
5️⃣ Upgrading Thai Workforce – Mandating at least 70% Thai employees in large factories and vetting skilled foreign workers carefully.
Thailand is moving fast, positioning these 5 measures as both a shield and a new opportunity to fortify Thai businesses across global supply chains and foster sustainable growth amid global economic shifts.
Additional Information: Thailand Board of Investment (BOI)
Link: www.boi.go.th
EN
CN
DE
JP
TH
