Updated: Mar 30, 2021
With an industrialized and developing economy, there are many business opportunities in Thailand for foreign investors. The country is experiencing robust growth, supported by public investment, foreign demand, and domestic consumption, with a rapidly growing population and exports. Also, Thailand’s economy is the second-largest next to Indonesia in terms of GDP, in the southeast Asian Region.
The country is one of the best options for investors, as it provides a skilled workforce, liberal economic policies, and a strategic location as an entrance gateway to the greater Mekong region. Thailand provides a competent and modern legal structure for foreign investment with economic assistance from the Government. With newer and investor-friendly investment policies in place and political stability, the country is now one of the most attractive destinations in the ASEAN Region.
Is it a good time to invest in Thailand Post-COVID?
Thailand has recently been ranked 2nd in the world after Australia and the 1st one in Asia among countries with the highest Covid-19 recovery rate, according to a report by the Global COVID-19 Index (GCI). This was possible as a result of strict discipline and endurance, collectively as a nation.
Under a baseline scenario that COVID-19 is already under control and recovering from the lockdown stagnation, the second half of the year is expected to see slow growth in many sectors. However, with new incentives on the horizon from the Thai Government, the country could see recovery as early as the first quarter of 2021 and we may witness incoming waves of new ventures and Thailand starting to bounce back.
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