Thailand the best country to invest
In a newspaper report recently, the Bangkok Post contained an article that Thailand would be a good country to start a “business”. This message would again be taken from US News & World Report.
In the top 10 of the best countries to start a business, Thailand was number 1 in this list. The results were based on a survey that had taken place worldwide.
The final countries that end up in the top 10 were compiled by 6000 researchers, who came to this conclusion on the basis of five points. These five points include the following categories: affordability, bureaucracy, low production costs, connection to the rest of the world and access to capital.
The survey also took into account that Thailand is one of the most visited countries. In addition, this country has a significant agricultural sector and a competitive manufacturing industry, which has kept Thailand's growth strong with relatively low poverty and unemployment. It would also play an important role in the export of rice, in the fields of textiles, tin and electronics.
Malaysia and China came to the fore at number two and three in this list, respectively. Switzerland was in row eight and Canada closed the row in tenth place.
It is unclear what value should be attached to this article. A few question marks are, for example, whether a foreigner can only start a company on “leased” land. Are there any obligations regarding the number of Thai employees to be hired? Four pieces in the past. Which paper mill will one have to pass first in order to progress? How easy will it be to import certain parts before proceeding to production and what tax rate will be levied on them?
Before coming up with a plan, it would be good to start a market research and write a good business plan
Source: Bangkok Post
This ranking is therefore intended for American investors, different rules apply to Americans than to European investors, so this top 10 does not relate to European investors.
Allow me, using an article by Dr. Panarot Raysaowanaphan, share some data that describe the investment climate in Thailand differently;
1) Chevrolet closes factory sales and production in Thailand, GM and Isuzu are in trouble too.
2) Honda adds a long holiday of 10 consecutive days and will not produce during weekends anymore.
3) Toyota started to lay off 1 lot of Supervisor staff. To many cars in stock cannot be sold.
4) Nissan cuts 50% and reduces staff.
5) Mitsu will be affected.
6) Fujisu removed 300 people.
7) TOT reduces salary costs by 14 billion.
8) Samsung-LG relocates out of Thailand; canceling tv production lines in thailand.
9) Thai Airways will lay off 5000 employees due to continuous massive losses.
10) Toyota started a new production (agricultural) in Laos.
The list goes much further…
That's why I also question this piece from the US News & World Report and its value in the Bangkok Post
“These five points include the following categories: affordability, bureaucracy, low production costs, connectivity to the rest of the world, and access to capital.”
If you as a company adhere to these core values to establish yourself in Thailand or anywhere else, then that company should actually be boycotted.
Unfortunately, hypocrisy knows few boundaries and people in the richer countries enjoy, for example, the very environmentally harmful black clothing and the cheap chickens that are produced under conditions that few people who buy know about. Head in the sand rules.
1-Affordability vs low production costs? I think the first is the result of the second.
2-Bureaucracy…or maybe they mean corruption? Unilever obtains FDA licenses for product names that are prohibited by law.
3-Connection. That may be, but more empty than full containers must come to the country, but the investor cannot do anything about that. Either way, it's not healthy.
4- Access to capital – Money can easily enter the country, for the common people it is an exciting game to get it out of the country as well. In business, there are many creative rules that can drain the money.
Left-wing pushers still have some use for raising things and then you see that the right flank can best add water to the wine to get together and NL is an example that can do it best.
Now I wonder if this government is promoting the country on the basis of cheap labor, so who knows, I'd like to see it.
the first five are automotive companies. So really a very specific group. The same thing happens with German car builders. The following five are simply business decisions like dozens made by companies around the world. No direct substantiation of the article's inaccuracy.
The Asian car industry is under pressure from a declining economy.
The German car industry has suffered a dent with the "sjoemeldiesels".
Mercedes has nevertheless delivered the Maybach Mercedes to North Korea via a back door construction
which was forbidden.
Well then you can put everything under the heading of business decision and in fact that is the case.
To say yes, but that is also the case in Germany, makes no sense.
After all, the German and Thai economy and trade and production methods differ.
I once read in this forum that after a lot of time and effort, Mascotte could finally get to work in Thailand. So it doesn't seem easy to go via the official route either.
I also read that about 1500 companies were out of business in a short time, I don't know which ones and how big, but it was mentioned, so it's a sign. For the Corona!.
Investing in Thailand? Well, the Dutch state also seems to be investing nicely in Thailand. However, the Netherlands does not care that much when they make a loss, they increase the tax again.
Thailand is no longer the country with the cheapest workers, but other costs are still relatively low. So the other benefits mentioned are pioneers in attracting investment and they are still succeeding. The portfolio is also strong for 2020, slightly less than 2019 but that was to be expected. GDP is still increasing.
Yan indicates decisions made on economic basis and not 'because of Thailand'
And let's be honest, Vietnam, Cambodia, Myanmar, Laos and to a lesser extent the Philippines and Indonesia are not really alternatives
Many companies look to China and Africa, but the investment culture in China and corruption in Africa keep their foot on the brakes.
Thailand is still sailing… and no one cares about who runs the country
question: How to become a millionaire in Thailand?
Answer: By entering the country as a multi-millionaire.
It's a joke, I know, but every joke has a background.