Anutin denies Japanese production base relocation rumors

Khaosod•Economy•5d ago

Reader Briefing

Anutin Charnvirakul denies rumors of Japanese investors relocating production bases and emphasizes government support for automotive industry stability.

•Anutin Charnvirakul refuted rumors that Japanese investors are moving their production bases out of Thailand.
•The government aims to ease business restrictions to maintain Thailand's status as a global automotive export and supply chain hub.
•Anutin Charnvirakul assigned Ekknit Nititandprasert to consider EV industry guidelines to ensure fairness for Japanese investors.
•Foreign investment in Thailand exceeded 1 trillion baht last year.

Overview

•Anutin Charnvirakul stated that the government prioritizes investors from all countries, specifically those from Japan who have long used Thailand as a primary production base.
•Anutin Charnvirakul pledged that the government is ready to ease business restrictions and adjust conditions to provide flexibility for sustainable growth.
•Anutin Charnvirakul noted that most current automotive components, including engines and chassis, are produced in Thailand under Japanese brands.
•Anutin Charnvirakul assigned Ekknit Nititandprasert to review guidelines for the Electric Vehicle (EV) industry to prevent Japanese investors from being disadvantaged.
•The government expects that while EV parts are currently imported, a new domestic supply chain for batteries and computer systems will emerge in the future.
•Anutin Charnvirakul cited that foreign investment entered Thailand exceeding 1 trillion baht last year as evidence that there is no stagnation in investment.
•The government intends to maintain political and economic stability to attract and retain long-term investment.

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Key Quotes

Anutin Charnvirakul

"Japanese investors are considered among the first to enter Thailand for so long that it is indistinguishable whether it is Thailand or Japan in terms of using Thailand as a production base."

นักลงทุนจากประเทศญี่ปุ่น ถือว่าเข้ามาเมืองไทยเป็นลำดับต้นๆ มานานมากจนแยกไม่ออกแล้วว่าเป็นเมืองไทยหรือเมืองญี่ปุ่นในเรื่องของการใช้ประเทศไทยเป็นฐานการผลิต

Anutin Charnvirakul

"Foreign investment into Thailand increased last year, exceeding 1 trillion baht."

เงินลงทุนจากต่างประเทศเข้ามาในประเทศไทยเพิ่มมากขึ้นปีที่แล้วทะลุหลัก 1 ล้านล้านบาท

Key Entities

Person

Anutin Charnvirakul(อนุทิน ชาญวีรกูล)ℹ️

Prime Minister and Minister of Interior who denied rumors regarding the relocation of Japanese production bases.

Ekknit Nititandprasert(เอกนิติ นิติทัณฑ์ประภาศ)

Deputy Prime Minister and Minister of Finance assigned to consider guidelines for investors in the EV industry.

Organization

Ministry of Finance(คลัง)ℹ️

The ministry tasked with considering the restructuring of the EV industry to ensure fairness.

Place

Thailand(ประเทศไทย)ℹ️

The country serving as a primary production base for Japanese automotive brands.

Japan(ญี่ปุ่น)ℹ️

The country whose investors have established a long-term production base in Thailand.