Japanese investors satisfied with Thai flood prevention plan: Industry Minister

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OSAKA, July 1 – Japanese investors are satisfied with Thailand’s flood prevention plan and recovering economy with more investment likely in Thailand, said Industry Minister Pongsvas Svasti.

The minister travelled to Japan on a roadshow mission to Osaka from June 28-30.

About 400 Japanese investors attended a seminar on Thailand’s investment promotion policies held by the Board of Investment (BOI), the Japan External Trade Organization (JETRO), and the Osaka Chamber of Commerce and Industry.

Japanese investors were satisfied with the Thai government’s water management and flood prevention plans and Thailand’s recovering economy, said the minister, adding that he was confident that more Japanese investors will invest in Thailand.

The Thai minister also met Eikei Suzuki, governor of Mie prefecture during the trip and learned that Japan will set up an office to assist Japanese investors in Thailand. This will help boost more investment of Japan’s small and medium enterprises (SME) in Thailand.

He said in the first five months of 2012, investment projects worth 370 billion baht sought privileges and it is expected that investment projects are expected to reach 600 billion baht for the whole year.

Meanwhile, Board of Investment (BoI) Secretary-General Atchaka Sibunruang said that governors of Mie will lead Japanese investors to seek investment opportunities in Thailand in July.

However, what Japanese investors are worried about is a lack of skilled laborers, so the BoI has worked with universities and vocational colleges to cooperate with Japanese companies to produce graduates that meet the qualifications of the labour market.