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Thailand Opportunities

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Tips:Opportunities Thailands economic growth has created opportunities for foreign companies in a number of infrastructure
 Opportunities      

Thailand’s economic growth has created opportunities for foreign companies in a

number of infrastructure sectors including electrical power, telecommunications,

and renewable energy.

The Thai government is focusing resources on the development of its

transportation network, especially train and high speed train projects as well as

ongoing infrastructure projects, including the expansion of the Bangkok Skytrain

and subway system.

95% of Thailand's machine tools is imported. Since the recovery of the Thai economy, the automotive industry, electronics and electrical industry, metal processing industry, mold manufacturing, is develop rapidly.There is a substantial growth in demand for machine tools, especially the demand for spare parts and accessories of machine tools is also very the annual import of machine spare parts and accessories worth about $ 186 million, accounting for 28% of Thailand's gross imports of machine tools.

Fertilizer production in Thailand has not yet formed the scale, is mainly dependent on imports, the annual need to import about 600 million tons of various chemical fertilizers. Imports of fertilizer is mainly used for rice, grains, fruits, fruit trees, vegetables, flowers, and so on. Thailand implement the policy of duty-free and VAT on imports of agricultural fertilizers. Shanxi Luxi Chemical Group went to Thailand specifically examined their fertilizer market in December 1999, they signed the first export of 40,000 tons of fertilizer trade contract with the Thai side.

The computer market in Thailand in the past decade the average annual growth of 25%. The market share of personal computer is 53%, 18% of computer services, 14% of the entire software 10% of system software and 4% of the data communication. Thailand imported computers and spare parts from China in 1999,which was $ 436 million, a year-on-year growth of 35%, accounting for 17.7% of the total value of imports in Thailand.

Thailand's pharmaceutical industry is pool. Most of drugs are dependent on imports, especially healing class, health, and beauty classes of proprietary Chinese medicines. In addition, 85% of Thailand's medical equipment and medical supplies all rely on imports, which: 93% of the medical equipment is imported, 7% is produced domestically; 77% of disinfection appliances is imported and 23% domestic, 70% of medical facilities and orthopedic surgery instruments were imported, 30% is produced domestically.

 

Information comes from CIA wordfacts ,WIKIUS Embassy China Embassy and so on.

�drm�= `U :country-region w:st="on">U.S. financial institution crisis on the Kingdom. In 2010, however, the country saw a sharp rebound with the growth rate of 7.8 percent. In the first half of 2011, when the political situations in the country were relatively calm, the Thai GDP grew by 3.2 percent (YoY) and 2.7 percent (YoY) in Q1-Q2/ 2011, respectively. Under his administration, albeit with a sharp rebound in 2010, Thailand's ranking fell from the 26th in 2009 to the 27th in 2010 and 2011. In addition to this, with regard to infrastructure, the country's competitiveness has become worse and worse since 2009.

 

In the 2011 general election, the pro-Thaksin Pheu Thai Party won a landslide victory over the Democrat Party once again. Thaksin's youngest sister Ms.Yingluck Shinawatra succeeded Mr.Abhisit Vejjajiva as the Prime Minister of the Kingdom. Elected in July, the Government - led by the Pheu Thai Party - began its administration in late August. No sooner had Yingluck come into office than she found that some parts of the country had already been flooded; furthermore, many of the rest were soon going to be inundated. From 25 July 2011 to 16 January 2012, Thailand confronted the historic flood covering 65 out of the Kingdom's 77 provinces. As of December 2011, according to the World Bank, the total damages and loss were reported to stand at THB1.425 trillion (USD45.7 billion approx.). As a result, the GDP growth rate of 2011 fell sharply to 0.1 percent - with a contraction of 8.9 percent (YoY) in the last quarter (Q4/ 2011) alone. Even worse, the country's overall ranking of competitiveness, according to the IMD World Competitiveness Scoreboard 2012, fell from the 27th in 2011 to the 30th in 2012.

In 2012, Thailand is in a recovery period from last year's historic flood. The Yingluck Government has planned to develop the entire infrastructure of the Kingdom - ranging from the long-term water management system to logistics. The Thai GDP is expected to grow in the range of 5.5-6.0 percent this year. The Eurozone Crisis is reported to harm the Thai economic growth in 2012 as it badly affects the country's export both directly and indirectly. In the first to the third quarters of 2012 (Q1-Q3/ 2012), the country's GDP growth rate has already gone up to 0.4 percent (YoY), 4.4 percent (YoY), and 3.0 percent (YoY), respectively.
 


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