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Eco-Car Policy The Board of Investment announced in mid-June its investment promotion scheme for Eco-Car manufacturing, whereby maximum incentives are now offered for integrated car assembly and key parts manufacturing projects. Under the new incentives, projects, which must have a minimum investment value of approximately US$ 144 million, will be offered a corporate income tax exemption of 8 years, regardless of the projects location in the country, along with duty-free importation of machinery. Read more...

BOI Secretary General Satit Chanjavanakul on the Eco-Car The Ministry of Industry and the Board of Investment first had the idea a few years ago that Thailand should begin to produce smaller cars that would both save energy and also contribute to alleviating traffic in Bangkok. But at that time the circumstances weren't quite right to launch such a project and we decided not to move forward. Read more...

New Tariff Reductions Recently the Thai government has announced a number of reductions and eliminations of import tariffs for a vast array of raw materials and other items. This news is certain to brighten both the faces and the balance sheets of both manufacturers and consumers within Thailand. Last year alone the total value of imports to Thailand was US$126.8 billion, a 7 percent increase over the year before. Read more...

Automotive Tech Support Realizing that Thai industries could not rest solely on their laurels for continued growth, the Thai government has taken a number of steps in recent years to enhance the technological capacity of the country. As part of this vision, the National Science and Technology Development Agency (NSTDA) was established in 1991 to “conduct, support, coordinate, and promote efforts in scientific and technological development between the public and private sectors towards maximal benefit for national development.” Read more...

Thai Summit Group In just over thirty years, Thai Summit Group has grown from being a small, local operation into Thailand's largest auto parts maker with operations both here and abroad. Although this growth has no doubt been helped by the expansion of Thailand's automotive industry in recent years—now the 14th largest automotive producer worldwide—it is also due in part to the group's ability to adapt to meet changes and trends within the market. Read more...

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For more information about investment opportunities in Thailand, click www.boi.go.th The BOI Investment Review is a monthly publication of the Thailand Board of Investment.   Any questions or comments regarding content may be addressed to marketing@boi.go.th or the BOI Marketing Division at Tel. 66 2537 8111 ext. 1060.