Japan responds positively to new BoI policies


Hirunya Suchinai, acting secretary-general of the Board of Investment (BoI), said a positive Japanese response to the new BoI policies was aired during the Thai ministers’ visit to Tokyo last month.

Deputy Prime Minister Pridiyathorn Devakula and Industry Minister Chakramon Phasukavanich led the BoI delegation on the trip.

During the trip to Japan, the BoI presented its new policies and in response, Japanese investors confirmed they would continue to expand their businesses in Thailand, she said.

Hirunya Suchinai, acting secretary-general of the Board of Investment.Hirunya Suchinai, acting secretary-general of the Board of Investment.

Hirunya said Japanese investors understood that the new policies were necessary and they also expressed interest in new investment areas that the Thai government was promoting.

She referred to investment in international headquarters, international trading centers, research and development, personnel training, waste-to-energy projects and businesses relating to digital economy including the software business.

The BoI delegation also met representatives of the Japan Business Federation, the Kansai Economic Federation and the Nagoya Chamber of Commerce & Industry and they paid attention to Thailand’s ambition to be a trade hub of the region and inquired about BoI’s investment promotions in this area.

The BoI delegation also met the governor of Aichi prefecture which houses automotive industries, and the governor assured that Thailand remained as the investment destination of companies from Aichi.

The BoI and the Industry Ministry plan business matching between Thai and Japanese small- and medium-sized enterprises (SMEs). Japanese SMEs were good at production while Thai counterparts could assist in management, Hirunya said.