Thailand’s continued economic success, relatively young and increasingly affluent population, well developed urban infrastructure and its status as a popular tourist destination have all coalesced to make the country a premier market for luxury goods on par with other regional commercial centres such as Hong Kong or Singapore. Yet Thailand,...
How has the domestic slowdown in automotive demand impacted manufacturers, and in what timeframe do you expect recovery?
Solid economic growth averaging roughly 4% annually since 2000 along with the country’s solid industrial and export base has fuelled a steady rise in domestic income across all income levels over the past decade and a half, leading directly to a rise in consumer spending power. Although the sector has been buffered by several shocks in recent...
Over the past 50 years Thailand has nurtured its automobile industry into a stalwart pillar of its industrial base as the country has established itself as the premier automotive hub within the South-east Asian region and beyond. A snapshot of automobile assemblers operating in the country reveals a line up fit for any international auto show...
Having already established itself as a manufacturing hub within South-east Asia, Thailand’s industrial sector is looking to further differentiate itself from other countries by moving up the value chain and expand its capabilities to produce greater value-added products in a variety of modern industries. This strategy seeks to spur industries to progress up the technology ladder from...
The second-largest economy in ASEAN after Indonesia, Thailand has developed a positive international reputation on the back of its pro-investment policies and well-developed infrastructure, standing as one of the most liberalised and business-friendly markets in the region.
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