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Thailand seek chances in Asia, Africa for investment ventures

Xinhua, January 25, 2016 Adjust font size:

Thailand's Board of Investment plans (BoI) to send Special Task Force teams to a number of Asian and African countries where they will seek opportunities for Thai investment ventures.

Deputy BoI secretary general Chokdee Kaewsang said on Monday the Special Task Force teams will take separate overseas tours and perform under guidance of the BoI in bid to look for business opportunities which may open abroad for Thai investors.

The foreign countries in which the Thai investors' ventures might open include the so-called CLMV states, namely Cambodia, Laos, Myanmar and Vietnam, plus the other ASEAN member states, namely Brunei, Indonesia, Malaysia, Singapore and the Philippines, Chokdee said.

He added that a BoI representative office will be set up in Yangon next year to streamline the prospective Thai ventures in the neighboring country.

In particular, costs of raw materials and labor in the CLMV states will be relatively low, compared to Thailand, according to the deputy BoI chief.

Besides, other destinations for Thai overseas ventures include Mongolia, Uzbekistan, Pakistan, Sri Lanka and Bangladesh in Asia and Mozambique, Ethiopia, Uganda and Kenya in Africa, he said.

Thai commercial banks and Exim Bank are yet to provide financial support for Thai investment projects in those countries in addition to the BoI's promotional privileges, he said. Endit