Thailand's Board of Investment (BOI) plans to open its representative offices in Myanmar and Vietnam in 2017 and in Indonesia in 2018, as part of the country’s strategy to expand investment in ASEAN member nations.
Bangkok (VNA) - Thailand's Boardof Investment (BOI) plans to open its representative offices in Myanmarand Vietnam in 2017 and in Indonesia in 2018, as part of the country’s strategyto expand investment in ASEAN member nations.
BOI Deputy General Secretary Chokedee Kaewasangsaid with its strong economic growth, rich natural resources and high-qualityhuman resources, ASEAN will create competitive advantage.
ASEAN member states, especially Cambodia, Laos,Myanmar and Vietnam, are actively opening up to attract more foreign investmentflows.
In the first nine months of this year, Thailand’sinvestment in ASEAN hit 197.7 billion baht (nearly 5.5 billion USD),accounting for 55.33 percent of the country’s total investment abroad.
Overseas BOI offices are responsible forproviding detail information related to market, economic growth, investmentpolicy, opportunity, law and business culture in host countries.
Most Thai investors are interested in the Myanmarmarket thanks to its high economic growth and abundant natural resources, andconvenient shipping routes. Thailand’s total investment in Myanmar in the firstthree quarters of 2016 hit 14 billion baht (388.5 million USD).
According to Thailand’s Foreign InvestmentService Centre, many Thai entrepreneurs have selected Vietnam and Myanmar astheir strategic investment destinations, especially in textiles and agriculturalproduct processing.-VNA
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The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Illustrative image (Source: Internet) 
