Strategically located at the heart of Asia, Thailand aptly serves investors as a dynamic gateway to a fast growing economic market. Our growing economy, world-class infrastructure, competitive human capital and strong government support, are responsible for our key position as one of the most attractive investment destinations for foreign investors.

3. A STRATEGIC LOCATION
Located at the heart of ASEAN, Thailand is well-connected by land to
the fast-growing CLMV (Cambodia, Lao PDR, Myanmar and Vietnam)
area. It also enjoys easy access to other ASEAN nations by a variety
of transportation modes.
Beyond the northern and western borders of ASEAN lie the world’s
2nd
and 6th
largest economies of China and India respectively. These
neighboring economic powerhouses provide vast opportunities for
cross-border trade and investment. Thailand’s strategic location
combined with its world-class transport infrastructure therefore make
it the region’s ideal investment destination.
Market Size of ASEAN (2017)
GDP1
: USD 2.77 Trillion
Population2
: 647.4 Million
Source: 1,2
World Bank

4. Thailand’s GDP has increased continuously over the
past few years. The Office of the National Economic
and Social Development Council has estimated
Thailand’s GDP growth for 2018 to be 4.2% and
forecasted GDP growth for 2019 to be within the
range of 3.5-4.5%.
At the same time, Thailand’s exports are also strong. In 2017, the
country recorded promising export value of USD 235 billion and
remained a top exporter of many products, including rubber tires,
hard-disk drives, computer devices and automobiles.
Thailand’s GDP Growth (2014-2018)1
Note: * indicates estimated information
Source: 1
Office of the National Economic and Social Development Council and
2
International Trade Centre
STABLE ECONOMY
AND STRONG EXPORT BASE
-------------------------------------------------------------
-------------------------------------------------------------
-------------------------------------------------------------
-------------------------------------------------------------
-------------------------------------------------------------
---------------------------------
---------------------------------
---------------------------------
---------------------------------
---------------------------------
1.00%
2014 2015 2016 2017 2018*
1%
0%
2%
3%
4%
5%
3.00%
3.30%
3.90%
4.20%

5. Thailand’s Position in the World Market (2017)2
Rubber Tire Exports
5
th
Hard-disk Drive Exports
2
nd
Computer Devices Exports
6
th
Integrated Circuits Exports
12
th
Automobiles Exports
16
th

6. Other FTA partners
ASEAN countries
Australia
Philippines
S.Korea
Japan
India
Brunei Darussalam
Malaysia
Laos
Viet Nam
Cambodia
Singapore
Indonesia
China
Myanmar
Source: 1
Asian Development Bank
Thailand’s FTA Networks1
REGIONAL AND
INTERNATIONAL COOPERATION

7. New Zealand
Chile
Peru
As an open economy with liberal economic policies, Thailand has
joined a large number of Free Trade Agreements (FTAs) in addition to
the ASEAN Free Trade Agreement (AFTA). This enables businesses
in Thailand to earn the rewards of almost tariff-free trade with 17
different nations, including major global economies such as
Australia, China, Japan, New Zealand and South Korea, apart from
other 9 ASEAN members.
To reinforce its commitment to pursuing freer
trade and becoming a key player in the global
supply chain, Thailand is in the negotiation
process of the Regional Comprehensive
Economic Partnership (RCEP). In this respect,
Thailand has announced its interest in joining
the Comprehensive and Progressive Agreement
for Trans-Pacific Partnership (CPTPP). Once
effective, these major trading blocs will provide
additional opportunities in overseas markets for
enterprises of all sizes.

8. Year 2017 Thailand ASEAN
RCEP
(ASEAN + 6 = 16)
GDP Value 455.22 Billion USD 2.77 Trillion USD 25.53 Trillion USD
GDP Share 0.6% of World GDP 3.4% of GDP 31.6% of World GDP
Total Population 69 Million 647 Million 3,580 Million
Population Share
0.9%
of World Population
8.6%
of World Population
47.5%
of World Population
ASEAN
ASEAN +3 ASEAN +6
RCEP
CHEMICALS
AUTOMOTIVEELECTRONICS
ENERGY
LEADING FOREIGN
DIRECT INVESTMENT DESTINATION
REGIONAL AND
INTERNATIONAL COOPERATION
Note: ASEAN consists of ten members: Brunei Darussalam, Cambodia, Indonesia, Lao PDR,
Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam RCEP is a proposed
free trade agreement (FTA) between ASAEN and the six Asia-Pacific states: Australia,
China, India, Japan, South Korea and New Zealand
As an investment destination, Thailand’s FDI stock soared from USD
95 billion in 2008 to USD 219 billion in 2017; a compounded annual
growth rate (CAGR) of 9.72% over the decade. Having grown at
an increasing rate for 4 consecutive years and into the first half of
2018, and with this growth expected to continue throughout 2019,
Thailand’s economy has the momentum to become an even stronger
base for trade and investment in the coming years.
The Second Home for Global MNEs

9. Ease of Doing
Business Index 20191
Global Competitiveness
Ranking 20182
World Digital Competitiveness
Ranking 20183
Logistics Performance
Index Ranking 20184
27th
38th
39th
32th
In keeping its commitment to facilitate the business process for both
foreign and local companies, the Thai government is pursuing a wide
range of initiatives aimed at facilitating investors. One notable example
is the “regulatory guillotine” initiative which attempts to eliminate and/
or streamline laws and regulations that are unnecessary or act as
obstacles to business operations. This, along with other endeavors,
has resulted in a significant improvement in Thailand’s international
ranking for ease of doing business.
Our Global Ranking
Source: 1,4
World Bank and 2
World Economic Forum and 3
IMD Business School

10. Five Existing Targeted Industries
1. Affluent Medical & Wellness Tourism
2. Agricultural and Biotechnology
3. Food for The Future
4. Next-Generation Automotive
5. Smart Electronics
Five New Targeted Industries
1. Automation and Robotics
2. Aviation and Logistics
3. Biofuels and Biochemical
4. Digital Economy
5. Medical Hub
THAILAND 4.0:
A NEW ECONOMIC MODEL
To achieve the country’s vision of becoming a developed economy
within 20 years, the Thai government has adopted a new economic
model, Thailand 4.0. The model is focused on transforming Thailand
into a value-based economy built upon science, technology, innovation
and creativity.
To this end, five existing high potential industries and five additional
industries have been identified as the “New Engines of Growth” driving
the country into the future.
Aiming to boost the country’s competitiveness, the Thai government
has formulated a long-term infrastructure plan to accelerate economic
growth.Underthisplan,thegovernmenthasprioritizedtheimprovement
of existing infrastructure and the construction of new projects in many
areas. These projects include airports, seaports, roads, rail systems
and ICT infrastructure.
STRONG INFRASTRUCTURE

11. Unit: Million persons/year
2018
(Expected Capacity)
2020
(Expected Capacity)
2021
(Expected Capacity)
2024
(Expected Capacity)
2018
(Expected Capacity)
2018
(Expected Capacity)
2023
(Expected Capacity)
2028
(Expected Capacity)
Suvarnabhumi
Airport1
Don Mueang
Airport2
U-tapao
Airport3
45
60
90
30
40
15
22
30
Expanding Airports
Source: 1,2
Airports of Thailand PCL and 3
Eastern Economic Corridor Office of Thailand
With over 35 million tourists visiting Thailand each year,133 million
passengers from both Thailand and foreign countries travelling by
plane annually, and 1.6 million tons of air freight being transported
in 2017, the strong capacity of Thailand’s airports is already evident
with further improvements on the way. Upgrades of Don Mueang and
Suvarnabhumi International Airports are currently under way, while
U-Tapao International Airport will also increase its capacity with the
addition of a second runway and the redesign of airport space.

12. Current Rail System (km)4,508
Expected Rail System
(km) by 2030
7,953
Rail System Capacity in Thailand7
Current Highways Lengths (km)99,774
Expected Highway
Lengths (km) by 2036
106,386
Upgrade of Deep-sea Ports
Extension of Road and Rail Network
STRONG INFRASTRUCTURE
Thailand’s strategic position in the heart of Southeast Asia has
for decades been supported by the availability of international
deep-sea ports; many of which provide access to the Pacific
Ocean and Indian Ocean. In facilitating maritime transport
even further, a USD 3 billion project will expand port capacity
in the Eastern Seaboard area. This includes a cruise ship port
in Sattahip as well as upgrades to major shipping ports in
Laem Chabang and Map Ta Phut.
Once completed, it is expected that Laem Chabang will be able
to handle 18 million TEU a year while Map Ta Phut will be able
to handle 19 million additional tons of cargo of petrochemicals
and natural gas.
The top-quality roads and highway network in Thailand connects
provinces across the whole country as well as extending further
into all bordering countries which would help increase trade and
investment among mainland ASEAN member countries. The
road network is planned to be expanded onto China and India
in the future. The already well-established network undergoes
continuous upgrading, with current projects expanding the
highway to four or more traffic lanes.
A USD 14.86 billion project is underway to upgrade routes to
double-track railways and build 1.435 meter standard gauge
tracks. Thailand’s inter-city railway network is also being
expanded and this will further improve transportation between
Bangkok and the Eastern Seaboard area.
Road System Capacity in Thailand6

13. Number of all deep-sea ports
in Thailand2
Million of cars shipped
via LaemChabang3
Million TEU of containers shipped
via ports under PAT in 20174
8
2
9.2
Current Capacity of Thailand’s
International Deep-sea Ports
Regional Road Connectivity5
Source: 1,2,4
Port Authority of Thailand, 3
Eastern Economic Corridor Office of Thailand,
5
Greater Mekong Subregion Secretariat and 6,7
Ministry of Transportation

14. Types of Train
Airport Link Line Skytrain, Overgroud and Underground
Light Green Line Skytrain
Orange Line Skytrain and Underground
Pink Line Skytrain
Purple Line Skytrain and Underground
Dark Blue Line Skytrain and Underground
Dark Green Line Skytrain
Dark Red Line Skytrain, Overgroud and Underground
Grey Line Skytrain
Light Blue Line Skytrain
Light Red Line Skytrain, Overgroud and Underground
Yellow Line Skytrain
Target under
M-Map
Plan Phase I *
(2029)
Completed
Projects
(2017)
Length (km) Number of Stations Capacity (passengers)
STATIONS
110.5 76 1.03
million
5.13
million
509 312
Approximately 1.11 million people in Bangkok commute each day on
the city’s already completed BTS (Sky-train), MRT (Underground and
Purple Line) light railway systems, and Airport Rail Link. The Bangkok
Metropolitan Administration (BMA) is working on the expansion of the
city’s light rail network under its M-MAP plan. Over the next ten years,
it is expected that an additional 400 kilometers of tracks will be added
to the existing 100 kilometers.
Mass Transit Development
Project Status2
(as of September 2018)
Note: * Thailand’s Rail Transport Infrastructure Development Strategy Phase I,
** Extended Route
Source: 1 ,2
Transport and Traffic Policy Plan Office,
3,4,5
International Telecommunication Union (2017),
6
National Statistical Office of Thailand (2017) and
7
Electronic Transactions Development Agency (2017)
STRONG INFRASTRUCTURE
Mass Transit Development1

15. Completion
Year
Already Open
for Service
Under
Construction
2019 8 Stations **
2019 31 Stations **
2019 -
2019 -
2019 16 Stations **
2029 18 Stations **
2029 13 Stations **
2029 -
2029 -
2029 -
2029 -
2029 -

16. 5G
5G
5G
5G
5G
ICT Infrastructure
To augment its hard infrastructure, Thailand has also undertaken
numerous projects to strengthen the country’s ICT infrastructure.
Guided by the National Digital Economy Master Plan (2016-2020), the
government has worked on providing approximately 10,000 free Wi-Fi
spots across the country, creating a national broadband network,
doubling the capacity of the submarine cable, and providing internet
coverage to more than 44,000 villages, among other initiatives.
The accomplishment of these endeavors has resulted in an increase in
the ICT market size and improvement in the country’s ICT infrastructure
and rankings.
Note: * Thailand’s Rail Transport Infrastructure Development Strategy Phase I,
** Extended Route
Source: 1 ,2
Transport and Traffic Policy Plan Office,
3,4,5
International Telecommunication Union (2017),
6
National Statistical Office of Thailand (2017) and
7
Electronic Transactions Development Agency (2017)
Mobile Cellular
Subscription3
172.7%
International
Internet
Bandwidth4
49.24
KBIT/S
Fixed
Broadband
Subscriptions5
11.9%
ICT Workers6
374
Thousand
People
e-Commerce
Value7
86.2
Billion USD

17. Unit: % of GDP Expenditure
0.00%
0.20%
0.40%
0.60%
0.80%
1.20%
1.40%
1.60%
1.00%
2005 2006 2007 2008 2009 2011 2013 2014 2015 2016 2017 2021*
0.23% 0.25%
0.21% 0.22%
0.25%
0.37%
0.47% 0.48%
0.62%
0.78%
0.90%
1.50%
Company Spending on
R&D in ASEAN2
Quality of Scientific Research
Institutions in ASEAN3
R&D personnel in public
and private sector4
Laboratories approved
by ISO/IEC** 170255
4th
4th
730
112,368
Science and technology are key factors in enhancing Thailand’s
capacity and competitiveness. The National Science and
Technology Development Agency (NSTDA), an agency responsible
for strengthening the development of science and technology in
the country, established the Thailand Science Park (TSP), providing
2,000 highly-skilled personnel to support participating companies
located in TSP areas. The expansion of TSP into Phase II is in the
pipeline. With this enlargement, the park will become the largest
fully-integrated research anddevelopment hub in Thailand.
SCIENCE & TECHNOLOGY
Note: * Expected Goal, ** IEC = International Electrotechnical Commission
Source: 1,4
National Science Technology and Innovation Policy Office,
2,3
Global Competitiveness Index 2018, and
5
Department of Science Service
Research and Development Expenditure1

18. EECi
EECd
EECa
Timeline of Major
Infrastructure Projects
NOV
17
DEC
17
JAN
18
FEB
18
MAR
18
APR
18
HIGH SPEED RAIL LINKS 3 AIRPORTS
U-TAPAO INTERNATIONAL AIRPORT
MRO CENTER
MAP TA PHUT PORT PHASE 3
LAEM CHABANG PORT PHASE 3
Building on the success of the Eastern Seaboard, the Thai government
is working on the development of the Eastern Economic Corridor
(EEC), an ASEAN-leading economic zone for industrial, infrastructure,
and urban development spanning over 13,000 sq. km. across three
provinces of Chonburi, Rayong, and Chachoengsao. During the first
five years, approximately USD 50 billion of combined public and
private investment projects are expected in the EEC.
For investors in future industries, the EEC provides a wealth of business
opportunities. To further support innovation-led business within the
EEC, the investment environment is also made more attractive by
generous tax and non-tax incentives as well as the easing of regulatory
restrictions. The designated zones for targeted industries are EECi,
EECd and EECa.
Eastern Economic
Corridor of Innovation
Eastern Economic
Corridor of Aerotropolis
Eastern Economic
Corridor of Digital
An innovation district which
supports joint R&D projects that bring
together the public sector and academia
An airport-centered development area
incorporating a re-developed U-Tapao
airport and other aviation facilities
A new economic cluster with
a specific focus on digital innovation
and investment
EEC

19. WINNER
ANNOUNCESTOR
CONTRACTED
AWARDED
BY SRT
MAY
18
JUN
18
JUL
18
AUG
18
SEP
18
OCT
18
NOV
18
DEC
18
JAN
19
FEB
19
START
OPERATION
2023
WINNER
ANNOUNCESTOR
CONTRACTED
AWARDED
BY RTN
2023
WINNER
ANNOUNCESTOR
CONTRACTED
AWARDED
BY TG
2021
WINNER
ANNOUNCESTOR
CONTRACTED
AWARDED
BY IEAT
2024
WINNER
ANNOUNCESTOR
CONTRACTED
AWARDED
BY PAT
2025
Source: Eastern Economic Corridor (EEC) Office

20. EEC
With a diverse workforce incorporating a variety of different skills and
fields of study, Thailand’s human resources are able to handle the
requirements of a wide range of industries. More than 90 percent
of the Thai workforce is medium- to high-skilled labor, and the Thai
government also places a great deal of emphasis on developing the
critical skills and experiences demanded by employers. To enhance
Thailand’s human resource skills and enable its personnel to meet
the needs of industry under the Thailand 4.0 policy, many programs
have been established, including the following:
Dual Vocational System (DVT)
(implemented by the Office of the Vocational
Education Commission)
Facilitates agreements and collaboration between
vocational educational institutes and private firms
to create effective curricula, training, testing, and
evaluation for students in order to gain practical
working experiences
Cooperative Education (CoE)
(implemented by the Office of the Higher Education
Commission)
Provides a structured method of combining
classroom-based education with practical working
experience in the workplace with the student taking
the status of an actual trainee
Work Integrated Learning (WiL)
(implemented by the National Science Technology
and Innovation Policy Office)
Provides collaborative educational services between
educational institutes and the private sector in the
form of Public Private Partnerships (PPP)
Talent Mobility Program (TM)
(operated by the National Science Technology and
Innovation Policy Office)
Recruits researchers from universities and government
research institutions to work temporarily with private
sector entities in four areas of development: research
and development, technical and engineering solutions,
testing and standard system, and technology and
innovation management
Human Resource Development in EEC:
Sattahip Model
A dual vocational system implemented by Sattahip
Technical College to produce skilled workers to
support the needs of 10 target industries in the EEC
areas through collaboration among educational
institutions, companies and related associations
HUMAN RESOURCE DEVELOPMENT

21. One Stop Service
Center for Visa and
Work Permit: OSS
The Thailand Board of Investment (BOI) is a government agency under
the Office of the Prime Minister. Our core roles and responsibilities
are to promote valuable investment. This includes both investment
into Thailand and Thai overseas investment.
To pursue our missions, the BOI facilitates investment by:
 Providing comprehensive information and advice on
establishing operations in Thailand
 Granting tax-based incentives of up to 13 years as well as
non-tax incentives
 Coordinating between the foreign business community and
other public agencies
 Providing business support services for investors
 BOI Services
We are fully committed to facilitating your
investment journey in Thailand.
BOI AT YOUR SERVICE

22. New York
Los Angeles
HEAD OFFICE
Office of the Board of Investment
555 Vibhavadi-Rangsit Road, Chatuchak,
Bangkok 10900
Tel: +66 (0) 2553-8111
Fax: +66 (0) 2553-8222,
+66 (0) 2553-8316
Website: www.boi.go.th
Email: head@boi.go.th
CHINA
SHANGHAI
Thailand Board of Investment,
Shanghai Office Royal Thai Consulate
General, 2F, 18 Wanshan Road,
Changning District, Shanghai 200336,
P.R.C.
Tel: (+86-21) 6288-3030 ext. 828, 829
Fax: (+86-21)-6288-3030 ext. 827
Email: shanghai@boi.go.th
BEIJING
Thailand Board of Investment,
Beijing Office Royal Thai Embassy,
No.21 Guang Hua Rd., Chaoyang District
Beijing 100600 P.R.C.
Tel: +86 10 8531 8753-8757
Fax: +86 10 8531 8758
Email: beijing@boi.go.th
GUANGZHOU
Thailand Board of Investment,
Guangzhou Office Royal Thai
Consulate-General Guangzhou
No.36 Youhe Road, Haizhu District,
Guangzhou, P.R.C. 510310
Tel: (+86-20)-8385-8988 ext. 220-225,
(+86-20)-8387-7770 (Direct Line)
Fax: (+86-20)-8387-2700
Email: guangzhou@boi.go.th
TAIPEI
Thailand Board of Investment, Taipei Office
Taipei World Trade Center, 3F, Room 3E
39-40 No.5 Xin-Yi Road, Sec. 5 Taipei 110,
Taiwan R.O.C.
Tel: (+886-2)-2345-6663
Fax: (+886-2)-2345-9223
Email: taipei@boi.go.th
AUSTRALIA
SYDNEY
Thailand Board of Investment, Sydney
Office 234 George Street, Sydney,
Suite 101, Level 1, New South Wales 2000,
Australia
Tel: (+61-2) 9252-4884,
(+61-2) 9252-4882
Email: sydney@boi.go.th
EUROPE
FRANKFURT
Thailand Board of Investment,
Frankfurt Office Investment Section,
Royal Thai Consulate-General
Bethmannstr. 58,5.0G
60311 Frankfurt am Main,
Federal Republic of Germany
Tel: +49 (069) 92 91 230
Fax: +49 (069) 92 91 2320
Email: fra@boi.go.th
PARIS
Thailand Board of Investment,
Paris Office Ambassade Royale de
Thaïlande 8, rue Greuze, 75116 Paris,
France
Tel: (+33-1) 5690 2600 to 1
Fax: (+33-1) 5690 2602
Email: par@boi.go.th
STOCKHOLM
Thailand Board of Investment,
Stockholm Sweden Office,
Stureplan 4C 4F, 114 35
Stockholm, Sweden
Tel: +46 (0) 8463-1158,
+46 (0) 8463-1172,
+46 (0) 8463-1174 to 75
Fax: +46 (0) 8463-1160
Email: stockholm@boi.go.th
U.S.
NEW YORK
Thailand Board of Investment,
New York Office 7 World Trade Center,
34F, Suite F, 250 Greenwich Street,
New York, New York 10007, U.S.A.
Tel: +1 (0) 212 422-9009
Fax: +1 (0) 212 422-9119
Email: nyc@boi.go.th
Website: www.thinkasiainvestthailand.com
LOS ANGELES
Thailand Board of Investment,
Los Angeles Office Royal Thai Consulate-
General, 611 North Larchmont Boulevard,
3F, Los Angeles CA 90004, U.S.A.
Tel: +1 (0) 323-960-1199
Fax: +1 (0) 323-960-1190
Email: boila@boi.go.th
ADDRESSES AND CONTACT DETAIL

23. Beijing
Seoul
Osaka
Tokyo
Guangzhou
Paris
Stockholm
Frankfurt
Mumbai
Jakarta
Hanoi
Sydney
Taipei
Shanghai
JAPAN
TOKYO
Thailand Board of Investment, Tokyo Office
Royal Thai Embassy, 8F, Fukuda Building
West, 2-11-3, Akasaka, Minato-ku, Tokyo
107-0052 Japan
Tel: +81 (0) 3-3582-1806
Fax: +81 (0) 3-3589-5176
Email: tyo@boi.go.th
OSAKA
Thailand Board of Investment, Osaka
Office Royal Thai Consulate-General,
Bangkok Bank Building, 7F, 1-9-16
Kyutaro-Machi, Chuo-Ku,
Osaka 541-0056 Japan
Tel: +81 (0) 6-6271-1395
Fax: +81 (0) 6-6271-1394
Email: osaka@boi.go.th
INDIA
MUMBAI
Thailand Board of Investment, Mumbai
Office Express Tower, 12F, Barrister
Rajni Patel Marg, Nariman Point,
Mumbai, Maharashtra 400021
Tel: (+91-22) 2204-1589 to 90
Fax: (+91-22) 2282-1525
Email: mumbai@boi.go.th
KOREA
SEOUL
Thailand Board of Investment,
Seoul Office 1804, 18F,
Koryo Daeyeongak Center, 97 Toegye-ro,
Jung-gu, Seoul, 100-706, Korea
Tel: +82 (0) 2319-9998
Fax: +82 (0) 2319-9997
Email: seoul@boi.go.th
INDONESIA
JAKARTA
Thailand Board of Investment,
Jakarta Office
Royal Thai Embassy, Jl. DR Ide Anak
Agung Gde Agung kav. NO.3.3
(Lot 8.8), Kawasan Mega Kuningan,
Jakarta Indonesia 12950
Email: jkt@boi.go.th
VIETNAM
HANOI
Thailand Board of Investment,
Hanoi Office 26 Phan Boi Chau Str.,
Hoan Kiem,Hanoi, Vietnam
Tel: +84- 24 3823 5092-4
Email: hanoi@boi.go.th

24. THAILAND BOARD OF INVESTMENT
555 Vibhavadi-Rangsit Rd., Chatuchak, Bangkok 10900, Thailand
Tel.: (+66) 2553 8111, Fax: (+66) 2553 8222,
Website: http://www.boi.go.th, E-Mail: head@boi.go.th