Thailand's industrial parks attract the most direct investment from China

According to Thai media, the director of Thailand Industrial Park Authority (Ieat), Willy, recently introduced the investment in Thailand's industrial parks in the nine months of fiscal year 2021 (October 2020 to June 2021). Affected by the epidemic, foreign investors delayed investment in Thailand. The land transaction area of Thailand's industrial park was 927.09 Lai (1483344 square meters), and the land transaction decreased by 49.59% over the same period last year. On the other hand, the original customer base of the park expanded the technology investment in the process of reproduction. The total investment in the above period was about 130.29 billion baht, an increase of 138.27% over the same period last year. According to the data, among the foreign direct investment in Thailand's industrial parks, China ranks first, accounting for 15.15%; Followed by Japan, accounting for 12.12%; Then Singapore, South Korea and the United States. Thailand's industrial park has been recognized by many Chinese, European and American enterprises and is also an alternative relocation place for many Indian investors.

Novel coronavirus pneumonia is a major problem in Thailand Industrial Park. Wang Peng, a researcher at Chongyang Financial Research Institute, Renmin University of China, said that many multinational companies have realized the importance of diversification. There are more than 60 industrial parks in the country that can enjoy the preferential policies encouraged by the Thai Investment Promotion Commission (BOI), which can benefit investors greatly. Therefore, the original multinational enterprises plan to further expand their investment in Thailand's industrial parks. In addition, although novel coronavirus pneumonia outbreaks have shifted the focus of Sino US trade friction, many Chinese enterprises have realized the need to transfer industries to other countries to avoid being affected by trade frictions that may happen again in the future. Thailand is close to China, and "10 + 1", "10 + 3", RCEP and China ASEAN free trade area have laid a good foundation for China's investment in Thailand. Therefore, Chinese enterprises have maintained a high amount of investment in Thai industrial parks.

However, the novel coronavirus pneumonia novel coronavirus pneumonia is very severe in Thailand. Although the head of the Ministry of health in Thailand is also expected to control the epidemic within 1 months, Wang Peng believes that the new crown pneumonia epidemic will still have great impact on the investment in Thailand Industrial Park. The key to normal development of the investment in the second half of the year is to take precautionary measures against epidemic diseases.

It is understood that the Thai government has strengthened vaccine procurement, and many industrial parks have also strengthened protective measures, such as logana Industrial Park. Even overseas investors who have been vaccinated still have to conduct 14 day compulsory isolation inspection. From the perspective of the progress of epidemic prevention measures, many foreign investors actively cooperated and resisted the epidemic risk to invest in Thailand.