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Thai Government Roadshow Attracts 70 Billion Baht Chinese Investment

Thai Government Roadshow Attracts 70 Billion Baht Chinese Investment

Post Today•Economy•45m ago

Reader Briefing

The Thai government's roadshow in Chengdu, China, has successfully negotiated with four major Chinese companies to invest approximately 70,000 million baht in Thailand.

  • •Prime Minister Anutin Charnvirakul led a roadshow to Chengdu, China, to attract investment in EV and high-tech sectors.
  • •Total expected investment is 70,000 million baht, consisting of 50,000 million baht for existing bases and over 20,000 million baht in new investment.
  • •Four major Chinese corporations, including Changan Automobile, Innolight Technology, Eoptolink Technology, and Xiaomi Corporation, are involved in these negotiations.
  • •The Board of Investment (BOI) organized a business matching event in Chengdu on July 19.

Overview

  • •Prime Minister Anutin Charnvirakul and the Thailand team conducted a roadshow in Chengdu, People's Republic of China, to negotiate with four leading Chinese EV and high-tech companies.
  • •The government expects to attract 70,000 million baht in investment, split into 50,000 million baht for expansion and over 20,000 million baht for new projects.
  • •Geopolitical conflicts have encouraged investment groups to move production bases from China to ASEAN, with Thailand being a top target.
  • •The Board of Investment (BOI) organized business matching for Thai businessmen in Chengdu on July 19.
  • •Ekniti Nitithanprapas stated that this investment wave is comparable to the 1980s Japanese investment era, focusing on AI, EV, and smart robotics.
  • •The International Monetary Fund (IMF) reports that Thailand is emerging as a global technology rising star.
  • •Changan Automobile has chosen Thailand as its first right-hand drive production base outside China, locating a factory in Rayong Province with a target capacity of 200,000 cars per year.
  • •Innolight Technology plans to expand its production base in Thailand, creating over 20,000 jobs and collaborating with Thai engineers and universities.

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Source: Post Today (Original)

Key Quotes

Ekniti Nitithanprapas
"This phenomenon is considered a new wave of investment that can be compared to the 1980s era."
ปรากฏการณ์นี้ถือเป็น คลื่นการลงทุนลูกใหม่ ที่สามารถเทียบชั้นได้กับยุคทศวรรษที่ 1980

Key Entities

Person

Ekniti Nitithanprapas(เอกนิติ นิติทัณฑ์ประภาศ)ℹ️
Deputy Prime Minister and Minister of Finance.
Anutin Charnvirakul(อนุทิน ชาญวีรกูล)ℹ️
Prime Minister and Minister of Interior.

Place

Chengdu(เฉินตู)ℹ️
A city in the People's Republic of China where the investment roadshow took place.
People's Republic of China(สาธารณรัฐประชาชนจีน)ℹ️
The country where the government roadshow was held.
Rayong Province(จังหวัดระยอง)ℹ️
The location where Changan Automobile and Eoptolink Technology are establishing factories.

Organization

Board of Investment (BOI)(สำนักงานคณะกรรมการส่งเสริมการลงทุน (บีโอไอ))
The agency that organized business matching activities in Chengdu.
International Monetary Fund (IMF)(กองทุนการเงินระหว่างประเทศ)
An organization that assessed Thailand as a global technology rising star.
Changan Automobile(บริษัท ฉางอาน ออโตโมบิล)
A top-tier Chinese EV car maker establishing a right-hand drive production hub in Rayong.
Innolight Technology(บริษัท อินโนไลท์ เทคโนโลยี)
A world leader in optical transmission equipment expanding its production base in Thailand.
Eoptolink Technology(บริษัท อีออปโตลิงก์ เทคโนโลยี)
The world's second-largest company in the optical transmission industry, opening factories in Rayong.
Xiaomi Corporation(บริษัท เสียวหมี่ คอร์ปอเรชัน)ℹ️
A big tech company with the third-largest smartphone market share in Thailand, being encouraged to use Thailand as an IoT production base.