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THAILAND
MEDICAL HUB
OF ASIA
THAILAND:
MEDICAL HUB
OF ASIA
Thailand is well positioned to be the medical hub
of Asia. The country offers state-of-the-art facilities
and technologies, internationally certified medical
services, excellent medical expertise, highly qualified
medical professionals, and a wide range of high-
standard hospitals. Thailand also has a significant
number of internationally accredited medical
facilities.
In order to develop Thailand into an “International
Health Center for Excellence”, the Ministry of Public
Health, the national focal point for implementation
of the Medical Hub Policy, is executing its second
strategic plan (2012-2016). The plan encompasses
four major areas: medical services, integrative
wellness centers, development of Thai herbs, and
traditional and alternative Thai medicines.
Thailand is one of the world’s largest medical
tourism markets, with the number of international
patients continuing to rise. According to Thailand’s
Ministry of Public Health and the Kasikorn Research
Center, Thailand welcomed more than 2.5 million
international patients in 2012, a 13% increase from
2011. Thailand’s 2012 revenue from medical tourism
was between US$4.0 billion and US$4.7 billion, up
from US$3.2 billion in 2011.
Top 10 Medical Tourism Destinations
Brazil Costa Rica
Hungary India
Malaysia Mexico
Singapore South Korea
Thailand Turkey
Source: Positivemed, as of March 2013
Thailand also attracts thousands of international
patients with its traditional and alternative
medicines. Alternative medicine uses herbal
medicines, biofeedback, and acupuncture in
lieu of drugs. A broad range of practices are used
including homeopathy, naturopathy, chiropractic,
and acupuncture. The Thailand Ministry of Public
Health has formally supported the field in an effort to
promoteThai traditional and alternative medicines in
hospitals nationwide.
The initiatives that Thailand has undertaken to
strengthen its position as the medical hub of Asia
have created opportunities for continued growth
in related fields, including the medical services,
medical device, and pharmaceutical sectors. As a
result, Thailand has become an excellent location for
investment.
FIRST-CLASS
QUALITY AT
AFFORDABLE
PRICES
Thailand emerged as a leading medical tourism
destination because of its robust medical services
sector. Millions of medical tourists from all over the
world are drawn to the country by its high-quality,
internationally certified medical services, cutting-
edge medical equipment, experienced physicians,
and affordable prices.
Thailand offers world-class medical facilities. Thai
hospitals are among the first in Asia to be Joint
Commission International (JCI) accredited. Over
1,000 public and 400 private hospitals across the
country operate in compliance with international
standards and employ internationally trained
physicians. Thailand provides excellent healthcare
services at highly competitive prices.
Thaihospitalsalsoofferadvancedmedicalequipment
such as Picture Archiving and Communication
Systems (PACS). These systems provide a wide range
of imaging services, including radiotherapy, CT and
MRI scans, angiography, cardiology, fluoroscopy,
ultrasounds, dental imaging, and mammography.
The images are stored in the hospital’s network, and
doctors can access the data anywhere in the hospital.
Additionally, the Cyber Knife Robotic Radiosurgery
System is an alternative treatment for tumors. The
Cyber Knife treatment involves delivering beams of
high dose radiation to tumors with extreme accuracy
while also being pain-free.
International patients visit Thailand for a variety of
treatments including general check-ups, dentistry,
cancer treatments, hip replacements, kidney
transplants, cardiology testing, heart surgeries,
laser eye surgeries, cosmetic surgeries, weight loss
surgeries, and sex change operations. The price of
surgery services inThailand is far lower than the price
of similar procedures in the USA or Europe. Thailand
also narrowly edges out Singapore in surgery
price comparisons, contributing to the country’s
domination in the global medical tourism market.
In addition to Thailand’s competitive pricing, the
country’s high standards and quality care contribute
to its market success. Thai private hospitals rank
among the highest in healthcare and nursing
standards. With warm hospitality, patients feel right
at home. Many hospitals have specialized English
speaking staff and several provide translators in a
wide variety of foreign languages, including Arabic,
Japanese and Chinese.
An array of treatment options, affordable costs, and
high service standards make Thailand an excellent
destination for medical tourists. The Thai medical
industry has strong growth potential and continues
to benefit from the government’s support in
developing medical services and facilities.
MEDICAL DEVICES
The Thai government’s continued efforts to develop the country into an Asian medical
hub have driven demand of medical services and devices. Although a wide range
of medical devices are manufactured domestically, Thailand still relies heavily on
imported medical devices, especially sophisticated and higher-end devices. This
backdrop creates an opportunity for new investment in high-end medical device
manufacturing in Thailand.
Increased demand in the healthcare market is a key driver of the Thai medical device
industry. As Thailand’s universal healthcare system continues to develop, demand for
medical devices and services is likely to increase as well.
Thailand Market for Medical Devices, 2011-2014f
Source: Country Commercial Guide for U.S. Companies, as of October 2013
As illustrated in the chart above, the market for medical devices has strongly grown. In
2012, the market for medical devices inThailand was US$2 billion, a 24% increase from
the previous year. The market is predicted to reach US$2.5 billion and US$3 billion in
2013 and 2014, respectively.
Thailand’s Imports and Exports of
Major Medical Devices/Disposable, 2013 (Jan-Aug)
Description
Import
(million
US$)
Export
(million
US$)
HS9018: Instruments and appliances used in medical,
surgical, dental or veterinary sciences
341.43 311.22
HS900150: Spectacle lenses of other materials 177.85 583.03
HS9022: Apparatus based on the use of X-rays or of alpha,
beta or gamma radiations, whether or not for medical,
surgical, dental or veterinary uses
146.85 9.52
0
500
1,000
1,500
2,000
2,500
3,000
3,500
2011 2012 2013 2014 f
3,103
2,497
2,011
1,617
MillionUS$
Description
Import
(million
US$)
Export
(million
US$)
HS3822: Diagnostic or laboratory reagents on a backing,
prepared diagnostic or laboratory regents whether or not
on a backing, other than those of heading 30.02 or 30.06:
certified reference materials
132.38 2.06
HS9030: Oscilloscopes, spectrum analyzers and other
instruments and apparatus for measuring or checking
electrical quantities, excluding meters of 9028; instruments
and apparatus for measuring or detecting alpha, beta,
gamma, X-ray, cosmic or other ionizing radiations
98.66 60.09
Source: Thailand Ministry of Commerce
Between January and August of
2013, instruments and appliances
used in medical, surgical, dental,
or veterinary sciences had the
industry’s highest imported value at
US$341 million, a 4% year-on-year
increase. Spectacle lenses of other
materials performed best with an
imported value of US$178 million,
a 38% year-on-year increase.
Illustrated in the chart below, the
largest export destinations of the
Thai medical device sector were
Japan (34%) and the US (15%).
Major international medical device
manufacturers and distributors in
Thailand include: Essilor, 3M, Bausch
& Lomb, Baxter Healthcare, Boston Scientific, Carl Zeiss, Diethelm, GE Medical Systems,
Guidant, Johnson & Johnson, Medtronic, Philips Electronics (Medical Systems), Roche
Diagnostics, Siemens (Medical Solutions) Surgical Instruments and Tyco Healthcare.
Many leading medical device companies invest in Thailand because of the country’s
high market growth potential, abundance of raw materials (especially natural rubber
as Thailand is the world’s largest producer), skilled and affordable labor, excellent
infrastructure, advanced production technology, and high quality-control standards.
Additionally, the government offers attractive investment incentives for investment in
the medical device sector.
Export of Medical Tools and Devices,
2013 (Jan-Aug)
Source: Thailand Ministry of Commerce
Others
36%
Singapore
4%
France
5% Germany
6%
U.S.A.
15%
Japan
34%
“The Royal Thai government has placed a greater
emphasis on the medical devices sector. Recently, the Royal
Thai government announced a strategic plan to promote
investment, research and development for medical devices
in order to increase local production and reduce reliance
on imports.
TheThaimedicaldevicesectorhasseenrobustandconsistent
growth owing to national health insurance schemes, a
medical tourism policy and the strategic government plan
to develop Thailand as a Medical Hub of ASEAN. These
factors create great opportunities for investment, R&D and
the expansion of medical device production in Thailand.”
- Mr. Preecha Bhandtivej,
President of Thai Medical Device Technology Industry Association -
PHARMACEUTICALS
According to Pacific Bridge Medical, the Thai pharmaceutical market, valued at US$4
billion in 2012, is the largest in Southeast Asia. By 2020, this value is expected to
increase to US$9 billion.
As Thailand has developed into the medical hub of Asia, its pharmaceutical market
has also experienced significant growth. Thailand’s cost-effective and high-quality
manufacturing has been a key driver in attracting foreign pharmaceutical companies.
In recent years, the increasing number of medical tourists, an aging population,
and high levels of health awareness among the Thai population have boosted
the country’s pharmaceutical image. Thailand also currently produces 25 active
pharmaceutical ingredients, including sodium chloride, camphor, and menthol. Most
active ingredients are imported from manufacturers overseas, leaving sizable room for
new pharmaceutical investors.
To ensure that pharmaceutical products in the country meet world-class standards,
the government requires that all manufacturing companies develop standards and
quality-control systems that meet Good Manufacturing Practice (GMP) standards
based on the International Pharmaceutical Inspection Cooperation Scheme (PIC/S).
The Thai pharmaceutical market is dominated by foreign manufacturers and
distributors. Leading multinational companies in Thailand include Meji, Baxter, Mega
Lifesciences, Linaria, Otsuka, Sanofi, Pfizer, Merck, Novartis and GlaxoSmithKline.
Thailand’s Imports and Exports of Pharmaceuticals,
2009-2013 (Jan-Aug)
Source: Thailand Ministry of Commerce
As illustrated in the chart above, Thai imports have grown steadily while exports
have only increased slightly. From January to August 2013, imports were valued at
approximately US$1.3 billion while exports were valued at US$301 million.
0
500
1,000
1,500
2,000
2009 2010 2011 2012 2013
(Jan-Aug)
301
409349333
269
1,290
1,870
1,685
1,539
1,343
Import
MillionUS$
Export
Thailand’s Imports and Exports of Pharmaceuticals by Countries,
2013 (Jan-Aug)
Source: Thailand Ministry of Commerce
As shown in the chart above, Thailand imports its pharmaceuticals from a variety
of pharmaceutical leaders. From January to August 2013, the US was the largest
importer of pharmaceuticals to Thailand and accounted for 13% of total imports.
Switzerland, Germany, and France were the next largest importers at 10%,
10%, and 9%, respectively. Half of the
country’s pharmaceutical exports
were destined for the ASEAN region
including Myanmar (16%), Vietnam
(15%), and Cambodia (8%).
Thailand·s Import of Pharmaceuticals 2013 (Jan-Aug)
Others
43%
India
5%
Italy
5%
UK
5%
France
9%
Germany
10%
Switzerland
10%
The US
13%
Thailand·s Export of Pharmaceuticals 2013 (Jan-Aug)
Others
37%
Malaysia
5%
Hong Kong
6%
phillippines
6%
Belgium
7%
Cambodia
8%
Vietnam
15%
Myanmar
16%
MEDICAL
FOOD
Medical food refers to food that is formulated to be consumed or administered under
the supervision of a physician. It is part of a specific dietary regime intended to treat a
disease or condition, and the food has distinctive nutritional requirements.
Medical food differs from regular food in that it has substantial health-promoting
or disease-preventing benefits beyond the basic delivery of nutrients. It differs from
nutritional supplements in that it is not designed for use by healthy persons, but
rather as a therapy for a particular medical condition under the guidance of a medical
practitioner. At minimum, medical food products must be:
• Food for oral ingestion or tube feeding (Nasogastric tube);
• Labeled for the dietary management of a specific medical disorder, disease or
condition for which there are distinctive nutritional requirements; and,
• Intended to be used under medical supervision.
Thailand’s Import and Export of Medical foods, 2013 (Jan-Aug)
Description Import
(US$)
Export
(US$)
HS19011030001: Food preparations of others - for
infants allergic to milk or for Lactase deficient infants,
not put up for retail sale
805,185 2,461,287
HS 19019090001: Food preparations of soybean powder
- for infants allergic to milk or for Lactase deficient
infants, put up for retail sale
693,677 1,792,554
HS 21069070001: Food preparations - for supplements
for seriously ill patients
2,791,040 523,640
HS 21069093000: Other food preparations - for Lactase
deficient infants
13,181,443 298,149
HS 19011091000: Medical Foods 1,566,864 3,031
Source: Thailand Ministry of Commerce
Thailand’s medical food market is experiencing strong growth and has benefited from
the country’s medical services sector. Many leading medical food producers invest
in Thailand because of the country’s agricultural raw materials, skilled, affordable
labor, advanced technology, and high quality-control standards. Additionally, the
government offers attractive incentives to investors in this sector. As a result, Thailand
is an excellent strategic location for the manufacturing of medical food.
Major suppliers of medical food are establishing facilities in Thailand, including Mead
Johnson Nutrition, Abbott, Novartis and Thai Otsuka Pharmaceutical. Mead Johnson
Nutrition Thailand is the company’s largest manufacturing plant outside of the US and
serves as its hub for Asia Pacific operations.
QUALITY AND SAFETY OF
SERVICES
Thailand has a significant number of internationally accredited hospitals. Thailand
was the first country in Asia to acquire Joint Commission International Accreditation
(JCIA), the international accreditation of the US Joint Commission on Accreditation of
Healthcare Organizations (JCAHO). Thailand provides overseas trained doctors that
operate at international standards at extremely competitive costs. Moreover, many
private hospitals employ a specialized English-speaking staff as well as staff trained in
a wide variety of foreign languages.
Thailand’s 26 JCI Accredited Hospitals
Bangkok Hospital Hua Hin Chaophaya Hospital Samitivej Hospital
Srinakarin
Bangkok Hospital Medical
Center
Chiangmai Ram Hospital Samitivej Hospital
Sriracha
Bangkok Hospital Pattaya Navamin 9 Hospital Samitivej Hospital
Sukhumvit
Bangkok Hospital Phuket Nonthavej Hospital Sikarin Hospital
Bangkok Hospital Samui Phuket International
Hospital
Synphaet Hospital
Bangpakok 9 International
Hospital
Pisanuvej Hospital Vejthani Hospital
BNH Hospital Praram 9 Hospital Vibbhavadi Hospital
Bumrungrad Hospital Ramkhamhaeng Hospital Yanhee Hospital
Central General Hospital Saimai Hospital
Source: Joint Commission International as of December 2013
A number of Thailand’s private hospitals have partnerships with top international
medical schools and healthcare institutions worldwide. Thai hospitals have also
achieved international standards of Hospital Accreditation (HACC) such as ISO 9002,
ISO900: 2000, ISO 14001, ISO 18000 and JCIA.
Thailand’s Food and Drug Administration (FDA) is in charge of:
• Pre-marketing control
• Post-marketing control
• Surveillance programs for consumer safety
• Consumer education
• Technical support and cooperation with other agencies
The FDA oversees the importation of three classifications of medical devices, which
can be found at the organization’s website.
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was in Thailand and we have operated this company
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that Thailand’s strong infrastructure, competitive labor
costs and commercially sound government policy will
support and strengthen our Thai operations’growth in both
pharmaceutical and food products.”
- Mr. Motoyuki Sakiyama, President of Thai Otsuka Pharmaceutical Co., Ltd -
INTELLECTUAL
PROPERTY RIGHTS
Thailand’s 7 laws pertaining to intellectual property all meet international standards:
1) Copyrights Act of 1994
2) Patent Act of 1979, as amended by the Patent Act (No. 3) of 1999
3) Traditional Medicine and Practice Act of 1999
4) Trademark Act of 1991, as amended by the Trademark Act (No. 2) of 2000
5) Act for the Protection of Layout-Designs of Integrated Circuits 2000
6) Trade Secret Act of 2002
7) Protection of Geographical Indication Act of 2003
EXCELLENT
INFRASTRUCTURE
Thailand is home to many institutions and research centers that support the
development of medical technological breakthroughs, including;
• Thailand’s Science Park, established as a one-stop service center to assist companies
engaged in scientific and technological research
• The National Center for Genetic Engineering and Biotechnology (BIOTEC)
• National Science and Technology Development Agency (NSTDA)
• Food and Drug Administration (FDA)
• Ministry of Public Health (MOPH)
• Ministry of Science and Technology (MOST)
• National Innovation Agency (NIA)
• Health Systems Research Institute (HSRI)
• Thailand Center of Excellence for Life Sciences (TCELS)
WONDERFUL INVESTMENT
OPPORTUNITY AND
ENVIRONMENT
Thailand offers a number of investment advantages for foreign investors. Thailand’s
economy is one of the fastest growing economies in Asia. With a
strong business climate, Thailand was ranked 18th in the world and
3rd in Southeast Asia in terms of ease of doing business by the World
Bank’s 2014 Doing Business report. The country’s experienced and
qualified physicians can support a high-quality medical services
sector. Thailand also provides world-class infrastructure and
advanced technological equipment. These factors contribute
to the steady growth of Thailand’s healthcare services, medical
device, and pharmaceutical markets.
BOI
INVESTMENT
INCENTIVES
Thailand Board of Investment offers attractive
investment incentives to a wide range of
activities related to the medical sector such as
manufacture of medical food, manufacture of
medical equipment. Major incentives include
corporate income tax exemption, and duty
concessions on machinery and raw materials.
In addition, a number of non-tax incentives are
availablesuchasrighttoownlandandfacilitation
as regards visas and work permits for expatriates.
The BOI also promotes retirement homes and
care centers as well as dedicated health
centers, which are facilities that can
provide the processes of medical
or psychotherapeutic treatment
through the use of advanced
technological devices and facilities.
These dedicated health centers will
serve only the patients who need further treatment to rehabilitate, so it helps them
prevent injury and disease, recover function and strength, reduce pain and ultimately
helps them return to a more independent and productive lifestyle.
Projects in retirement homes and care centers, as well as dedicated health centers are
eligible for exemption or reduction of import duty on machinery, based on project
location, provided they achieve standards set by relevant government agencies.
OTHER GOVERNMENT
SUPPORT MEASURES
Apart from BOI incentives, several types of support are provided by other government
agencies and organizations, which include:
The Revenue Department
• 40% deduction on depreciation of machinery
• 200% deduction on training expenses
• National Science and Technology Development Agency (NSTDA)
• Several research and development units to support public and private sectors.
• Industrial Technology Assistance Program (iTAP) for SMEs
• National Innovation Agency
• Innovation coupon granted for approved projects to support 90% of RD expenses
incurred by innovation service provider (in cooperation with the Federation of Thai
Industries)
• Financial support of 25%-75% to be granted to prototype or pilot scale projects
• Interest free loan for up to 3 years to assist in the start-up of commercial operation
of innovation projects
FOR FURTHER
INFORMATION:
The Thailand Board of Investment (BOI): http://www.boi.go.th
The Food and Drug Administration: http://www.fda.moph.go.th/eng/index.stm
Thai Medical Device Technology Industry Association (THAIMED):
http://www.thaimed.co.th/index.php?page=aboutlang=en
CONTACT US
Head Offices
OFFICE OF THE BOARD OF INVESTMENT
555 Vibhavadi-Rangsit Rd., Chatuchak, Bangkok 10900
Tel: +66 (0) 2553-8111
Fax: +66 (0) 2553-8222
Website: www.boi.go.th
Email: head@boi.go.th
ONE START ONE STOP INVESTMENT CENTER (OSOS)
18th
Floor, Chamchuri Square Building,
319 Phayathai Rd., Pathumwan, Bangkok 10330
Tel: +66 (0) 2209-1100
Fax: +66 (0) 2209-1199
Website: osos.boi.go.th
Email: osos@boi.go.th
ONE STOP SERVICE CENTER FOR VISAS AND WORK PERMITS
18th
Floor, Chamchuri Square Building,
319 Phayathai Rd., Pathumwan, Bangkok 10330
Tel: +66 (0) 2209-1100
Fax: +66 (0) 2209-1194
Email: visawork@boi.go.th
INVESTOR CLUB ASSOCIATION (ICA)
12th
and 16th
Floor, TPT Building, 1 Soi Vibhavadi-Rangsit 19,
Vibhavadi-Rangsit Rd., Lad Yao, Chatuchak, Bangkok 10900
Tel: +66 (0) 2936-1429
Fax: +66 (0) 2936-1441-2
Website: www.ic.or.th
Email: is-investor@ic.or.th
Regional Offices
CHIANG MAI
Regional Investment and Economic Center 1
Airport Business Park 108-110,
90 Mahidol Road, Amphur Muang, Chiang Mai 50100
Tel: +66 (0) 5320 3397-400
Fax: +66 (0) 5320 3404
Email: chmai@boi.go.th
NAKHON RATCHASIMA
Regional Investment and Economic Center 2
2112/22 Mitraphab Road, Amphur Muang, Nakhon Ratchasima 30000
Tel: +66 (0) 4421 3184-6
Fax: +66 (0) 4421 3182
Email: korat@boi.go.th
KHONKAEN
Regional Investment and Economic Center 3
177/54 Moo 17, Mitraphab Road, Amphur Muang, Khonkaen 40000
Tel: +66 (0) 4327 1300-2
Fax: +66 (0) 4327 1303
Email: khonkaen@boi.go.th
CHONBURI
Regional Investment and Economic Center 4
46 Moo 5 Laem Chabang Industrial Estate, Sukhumvit Road,
Toongsukhla, Sriracha, Chonburi 20230
Tel: +66 (0) 3840 4900
Fax: +66 (0) 3840 4997, +66 (0) 3840 4999
Email: chonburi@boi.go.th
SONGKHLA
Regional Investment and Economic Center 5
7-15 Chaiyong Building Juti Uthit 1 Road, Hadd Yai, Songkhla 90110
Tel: +66 (0) 7434 7161-5
Fax: +66 (0) 7434 7160
Email: songkhla@boi.go.th
SURAT THANI
Regional Investment and Economic Center 6
49/21-22 Sriwichai Road, Makhamtia, Amphur Muang,
Surat Thani 84000
Tel: +66 (0) 7728 4637, +66 (0) 7728 4435
Fax: +66 (0) 7728 4638
Email: surat@boi.go.th
PHITSANULOK
Regional Investment and Economic Center 7
3rd
Floor, Thai Sivarat Building, 59/15 Boromtrilokkanat 2 Rd.,
Naimuang, Amphur Muang, Phitsanulok 65000
Tel: +66 (0) 5524-8111
Fax: +66 (0) 5524-8777
Email: phitsanulok@boi.go.th
Overseas Offices
BEIJING
Thailand Board of Investment, Beijing Office
Royal Thai Embassy, No.40 Guang Hua Rd., Beijing 100600 P.R.C.
Tel: +86-10-6532-4510
Fax: +86-10-6532-1620
Email: beijing@boi.go.th
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
GUANGZHOU
Thailand Board of Investment, Guangzhou Office
Investment Promotion Section, Royal Thai Consulate-General,
Room 1216-1218, Garden Tower, 368 Huanshi Dong Rd.,
Guangzhou 510064 P.R.C
Tel: +86-20-8333-8999 ext. 1216-8, +86-20-8387-7770
Fax: +86-20-8387-2700
Email: guangzhou@boi.go.th
LOS ANGELES
Thailand Board of Investment, Los Angeles Office
Royal Thai Consulate-General, 611 North Larchmont Boulevard,
3rd
Floor, Los Angeles CA 90004, U.S.A.
Tel: +1 (0)-323-960-1199
Fax: +1 (0)-323-960-1190
Email: boila@boi.go.th
MUMBAI
Thailand Board of Investment, Mumbai Office
Royal Thai Consulate-General
1st
Floor, Dalalmal House, Jamnalal Bajaj Marg,
Nariman Point, Mumbai - 400 021
Republic of India
Tel: +(91 22) 2204 1589-90
Fax: +(91 22) 2282 1071
Email: mumbai@boi.go.th
NEW YORK
Thailand Board of Investment, New York Office
7 World Trade Center, 34th
Floor. 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
OSAKA
Thailand Board of Investment, Osaka Office
Royal Thai Consulate-General, Bangkok Bank Building, 7th
Floor,
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
PARIS
Thailand Board of Investment, Paris Office
Ambassade Royale de Thaïlande
8, rue Greuze, 75116 Paris, France
Tel: +(33-1) 56 90 26 00
Fax: +(33-1) 56 90 26 02
Email: par@boi.go.th
SEOUL
Thailand Board of Investment, Seoul Office
#1804, 18th
Floor, Koryo Daeyeongak Center,
97 Toegye-ro, Jung-gu, Seoul, 100-706, Korea
Tel: +82-2-319-9998
Fax: +82-2-319-9997
Email: seoul@boi.go.th
SHANGHAI
Thailand Board of Investment, Shanghai Office
Royal Thai Consulate-General, 15th
Floor, Crystal Century Tower,
567 Weihai Rd., Shanghai 200041, P.R.C
Tel: +86-21-6288-9728-9
Fax: +86-21-6288-9730
Email: shanghai@boi.go.th
STOCKHOLM
Thailand Board of Investment, Stockholm Office
Stureplan 4C 4th
Floor, 114 35 Stockholm, Sweden
Tel: +46 (0) 8463 1158, +46 (0) 8463 1174-75
Fax: +46 (0) 8463 1160
Email: stockholm@boi.go.th
SYDNEY
Thailand Board of Investment, Sydney Office
Suite 101, Level 1, 234 George Street, Sydney,
New South Wales 2000, Australia
Tel: +61-2-9252-4884
Fax: +61-2-9252-2883
Email: sydney@boi.go.th
TAIPEI
Thailand Board of Investment, Taipei Office
Taipei World Trade Center, 3rd
Floor, Room 3E 39-40
No.5 Xin-Yi Rd., Sec. 5 Taipei 110, Taiwan R.O.C.
Tel: +886-2-2345-6663
Fax: +886-2-2345-9223
Email: taipei@boi.go.th
TOKYO
Thailand Board of Investment, Tokyo Office
Royal Thai Embassy, 8th
Floor, 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

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Thailand medical hub of asia

  • 2. THAILAND: MEDICAL HUB OF ASIA Thailand is well positioned to be the medical hub of Asia. The country offers state-of-the-art facilities and technologies, internationally certified medical services, excellent medical expertise, highly qualified medical professionals, and a wide range of high- standard hospitals. Thailand also has a significant number of internationally accredited medical facilities. In order to develop Thailand into an “International Health Center for Excellence”, the Ministry of Public Health, the national focal point for implementation of the Medical Hub Policy, is executing its second strategic plan (2012-2016). The plan encompasses four major areas: medical services, integrative wellness centers, development of Thai herbs, and traditional and alternative Thai medicines. Thailand is one of the world’s largest medical tourism markets, with the number of international patients continuing to rise. According to Thailand’s Ministry of Public Health and the Kasikorn Research Center, Thailand welcomed more than 2.5 million international patients in 2012, a 13% increase from 2011. Thailand’s 2012 revenue from medical tourism was between US$4.0 billion and US$4.7 billion, up from US$3.2 billion in 2011.
  • 3. Top 10 Medical Tourism Destinations Brazil Costa Rica Hungary India Malaysia Mexico Singapore South Korea Thailand Turkey Source: Positivemed, as of March 2013 Thailand also attracts thousands of international patients with its traditional and alternative medicines. Alternative medicine uses herbal medicines, biofeedback, and acupuncture in lieu of drugs. A broad range of practices are used including homeopathy, naturopathy, chiropractic, and acupuncture. The Thailand Ministry of Public Health has formally supported the field in an effort to promoteThai traditional and alternative medicines in hospitals nationwide. The initiatives that Thailand has undertaken to strengthen its position as the medical hub of Asia have created opportunities for continued growth in related fields, including the medical services, medical device, and pharmaceutical sectors. As a result, Thailand has become an excellent location for investment.
  • 4. FIRST-CLASS QUALITY AT AFFORDABLE PRICES Thailand emerged as a leading medical tourism destination because of its robust medical services sector. Millions of medical tourists from all over the world are drawn to the country by its high-quality, internationally certified medical services, cutting- edge medical equipment, experienced physicians, and affordable prices. Thailand offers world-class medical facilities. Thai hospitals are among the first in Asia to be Joint Commission International (JCI) accredited. Over 1,000 public and 400 private hospitals across the country operate in compliance with international standards and employ internationally trained physicians. Thailand provides excellent healthcare services at highly competitive prices. Thaihospitalsalsoofferadvancedmedicalequipment such as Picture Archiving and Communication Systems (PACS). These systems provide a wide range of imaging services, including radiotherapy, CT and MRI scans, angiography, cardiology, fluoroscopy,
  • 5. ultrasounds, dental imaging, and mammography. The images are stored in the hospital’s network, and doctors can access the data anywhere in the hospital. Additionally, the Cyber Knife Robotic Radiosurgery System is an alternative treatment for tumors. The Cyber Knife treatment involves delivering beams of high dose radiation to tumors with extreme accuracy while also being pain-free. International patients visit Thailand for a variety of treatments including general check-ups, dentistry, cancer treatments, hip replacements, kidney transplants, cardiology testing, heart surgeries, laser eye surgeries, cosmetic surgeries, weight loss surgeries, and sex change operations. The price of surgery services inThailand is far lower than the price of similar procedures in the USA or Europe. Thailand also narrowly edges out Singapore in surgery price comparisons, contributing to the country’s domination in the global medical tourism market. In addition to Thailand’s competitive pricing, the country’s high standards and quality care contribute to its market success. Thai private hospitals rank among the highest in healthcare and nursing standards. With warm hospitality, patients feel right at home. Many hospitals have specialized English speaking staff and several provide translators in a wide variety of foreign languages, including Arabic, Japanese and Chinese. An array of treatment options, affordable costs, and high service standards make Thailand an excellent destination for medical tourists. The Thai medical industry has strong growth potential and continues to benefit from the government’s support in developing medical services and facilities.
  • 6. MEDICAL DEVICES The Thai government’s continued efforts to develop the country into an Asian medical hub have driven demand of medical services and devices. Although a wide range of medical devices are manufactured domestically, Thailand still relies heavily on imported medical devices, especially sophisticated and higher-end devices. This backdrop creates an opportunity for new investment in high-end medical device manufacturing in Thailand. Increased demand in the healthcare market is a key driver of the Thai medical device industry. As Thailand’s universal healthcare system continues to develop, demand for medical devices and services is likely to increase as well. Thailand Market for Medical Devices, 2011-2014f Source: Country Commercial Guide for U.S. Companies, as of October 2013 As illustrated in the chart above, the market for medical devices has strongly grown. In 2012, the market for medical devices inThailand was US$2 billion, a 24% increase from the previous year. The market is predicted to reach US$2.5 billion and US$3 billion in 2013 and 2014, respectively. Thailand’s Imports and Exports of Major Medical Devices/Disposable, 2013 (Jan-Aug) Description Import (million US$) Export (million US$) HS9018: Instruments and appliances used in medical, surgical, dental or veterinary sciences 341.43 311.22 HS900150: Spectacle lenses of other materials 177.85 583.03 HS9022: Apparatus based on the use of X-rays or of alpha, beta or gamma radiations, whether or not for medical, surgical, dental or veterinary uses 146.85 9.52 0 500 1,000 1,500 2,000 2,500 3,000 3,500 2011 2012 2013 2014 f 3,103 2,497 2,011 1,617 MillionUS$
  • 7. Description Import (million US$) Export (million US$) HS3822: Diagnostic or laboratory reagents on a backing, prepared diagnostic or laboratory regents whether or not on a backing, other than those of heading 30.02 or 30.06: certified reference materials 132.38 2.06 HS9030: Oscilloscopes, spectrum analyzers and other instruments and apparatus for measuring or checking electrical quantities, excluding meters of 9028; instruments and apparatus for measuring or detecting alpha, beta, gamma, X-ray, cosmic or other ionizing radiations 98.66 60.09 Source: Thailand Ministry of Commerce Between January and August of 2013, instruments and appliances used in medical, surgical, dental, or veterinary sciences had the industry’s highest imported value at US$341 million, a 4% year-on-year increase. Spectacle lenses of other materials performed best with an imported value of US$178 million, a 38% year-on-year increase. Illustrated in the chart below, the largest export destinations of the Thai medical device sector were Japan (34%) and the US (15%). Major international medical device manufacturers and distributors in Thailand include: Essilor, 3M, Bausch & Lomb, Baxter Healthcare, Boston Scientific, Carl Zeiss, Diethelm, GE Medical Systems, Guidant, Johnson & Johnson, Medtronic, Philips Electronics (Medical Systems), Roche Diagnostics, Siemens (Medical Solutions) Surgical Instruments and Tyco Healthcare. Many leading medical device companies invest in Thailand because of the country’s high market growth potential, abundance of raw materials (especially natural rubber as Thailand is the world’s largest producer), skilled and affordable labor, excellent infrastructure, advanced production technology, and high quality-control standards. Additionally, the government offers attractive investment incentives for investment in the medical device sector. Export of Medical Tools and Devices, 2013 (Jan-Aug) Source: Thailand Ministry of Commerce Others 36% Singapore 4% France 5% Germany 6% U.S.A. 15% Japan 34%
  • 8. “The Royal Thai government has placed a greater emphasis on the medical devices sector. Recently, the Royal Thai government announced a strategic plan to promote investment, research and development for medical devices in order to increase local production and reduce reliance on imports. TheThaimedicaldevicesectorhasseenrobustandconsistent growth owing to national health insurance schemes, a medical tourism policy and the strategic government plan to develop Thailand as a Medical Hub of ASEAN. These factors create great opportunities for investment, R&D and the expansion of medical device production in Thailand.” - Mr. Preecha Bhandtivej, President of Thai Medical Device Technology Industry Association - PHARMACEUTICALS According to Pacific Bridge Medical, the Thai pharmaceutical market, valued at US$4 billion in 2012, is the largest in Southeast Asia. By 2020, this value is expected to increase to US$9 billion. As Thailand has developed into the medical hub of Asia, its pharmaceutical market has also experienced significant growth. Thailand’s cost-effective and high-quality manufacturing has been a key driver in attracting foreign pharmaceutical companies. In recent years, the increasing number of medical tourists, an aging population, and high levels of health awareness among the Thai population have boosted the country’s pharmaceutical image. Thailand also currently produces 25 active pharmaceutical ingredients, including sodium chloride, camphor, and menthol. Most active ingredients are imported from manufacturers overseas, leaving sizable room for new pharmaceutical investors. To ensure that pharmaceutical products in the country meet world-class standards, the government requires that all manufacturing companies develop standards and quality-control systems that meet Good Manufacturing Practice (GMP) standards based on the International Pharmaceutical Inspection Cooperation Scheme (PIC/S). The Thai pharmaceutical market is dominated by foreign manufacturers and distributors. Leading multinational companies in Thailand include Meji, Baxter, Mega Lifesciences, Linaria, Otsuka, Sanofi, Pfizer, Merck, Novartis and GlaxoSmithKline.
  • 9. Thailand’s Imports and Exports of Pharmaceuticals, 2009-2013 (Jan-Aug) Source: Thailand Ministry of Commerce As illustrated in the chart above, Thai imports have grown steadily while exports have only increased slightly. From January to August 2013, imports were valued at approximately US$1.3 billion while exports were valued at US$301 million. 0 500 1,000 1,500 2,000 2009 2010 2011 2012 2013 (Jan-Aug) 301 409349333 269 1,290 1,870 1,685 1,539 1,343 Import MillionUS$ Export
  • 10. Thailand’s Imports and Exports of Pharmaceuticals by Countries, 2013 (Jan-Aug) Source: Thailand Ministry of Commerce As shown in the chart above, Thailand imports its pharmaceuticals from a variety of pharmaceutical leaders. From January to August 2013, the US was the largest importer of pharmaceuticals to Thailand and accounted for 13% of total imports. Switzerland, Germany, and France were the next largest importers at 10%, 10%, and 9%, respectively. Half of the country’s pharmaceutical exports were destined for the ASEAN region including Myanmar (16%), Vietnam (15%), and Cambodia (8%). Thailand·s Import of Pharmaceuticals 2013 (Jan-Aug) Others 43% India 5% Italy 5% UK 5% France 9% Germany 10% Switzerland 10% The US 13% Thailand·s Export of Pharmaceuticals 2013 (Jan-Aug) Others 37% Malaysia 5% Hong Kong 6% phillippines 6% Belgium 7% Cambodia 8% Vietnam 15% Myanmar 16% MEDICAL FOOD
  • 11. Medical food refers to food that is formulated to be consumed or administered under the supervision of a physician. It is part of a specific dietary regime intended to treat a disease or condition, and the food has distinctive nutritional requirements. Medical food differs from regular food in that it has substantial health-promoting or disease-preventing benefits beyond the basic delivery of nutrients. It differs from nutritional supplements in that it is not designed for use by healthy persons, but rather as a therapy for a particular medical condition under the guidance of a medical practitioner. At minimum, medical food products must be: • Food for oral ingestion or tube feeding (Nasogastric tube); • Labeled for the dietary management of a specific medical disorder, disease or condition for which there are distinctive nutritional requirements; and, • Intended to be used under medical supervision. Thailand’s Import and Export of Medical foods, 2013 (Jan-Aug) Description Import (US$) Export (US$) HS19011030001: Food preparations of others - for infants allergic to milk or for Lactase deficient infants, not put up for retail sale 805,185 2,461,287 HS 19019090001: Food preparations of soybean powder - for infants allergic to milk or for Lactase deficient infants, put up for retail sale 693,677 1,792,554 HS 21069070001: Food preparations - for supplements for seriously ill patients 2,791,040 523,640 HS 21069093000: Other food preparations - for Lactase deficient infants 13,181,443 298,149 HS 19011091000: Medical Foods 1,566,864 3,031 Source: Thailand Ministry of Commerce Thailand’s medical food market is experiencing strong growth and has benefited from the country’s medical services sector. Many leading medical food producers invest in Thailand because of the country’s agricultural raw materials, skilled, affordable labor, advanced technology, and high quality-control standards. Additionally, the government offers attractive incentives to investors in this sector. As a result, Thailand is an excellent strategic location for the manufacturing of medical food. Major suppliers of medical food are establishing facilities in Thailand, including Mead Johnson Nutrition, Abbott, Novartis and Thai Otsuka Pharmaceutical. Mead Johnson Nutrition Thailand is the company’s largest manufacturing plant outside of the US and serves as its hub for Asia Pacific operations.
  • 12. QUALITY AND SAFETY OF SERVICES Thailand has a significant number of internationally accredited hospitals. Thailand was the first country in Asia to acquire Joint Commission International Accreditation (JCIA), the international accreditation of the US Joint Commission on Accreditation of Healthcare Organizations (JCAHO). Thailand provides overseas trained doctors that operate at international standards at extremely competitive costs. Moreover, many private hospitals employ a specialized English-speaking staff as well as staff trained in a wide variety of foreign languages. Thailand’s 26 JCI Accredited Hospitals Bangkok Hospital Hua Hin Chaophaya Hospital Samitivej Hospital Srinakarin Bangkok Hospital Medical Center Chiangmai Ram Hospital Samitivej Hospital Sriracha Bangkok Hospital Pattaya Navamin 9 Hospital Samitivej Hospital Sukhumvit Bangkok Hospital Phuket Nonthavej Hospital Sikarin Hospital Bangkok Hospital Samui Phuket International Hospital Synphaet Hospital Bangpakok 9 International Hospital Pisanuvej Hospital Vejthani Hospital BNH Hospital Praram 9 Hospital Vibbhavadi Hospital Bumrungrad Hospital Ramkhamhaeng Hospital Yanhee Hospital Central General Hospital Saimai Hospital Source: Joint Commission International as of December 2013 A number of Thailand’s private hospitals have partnerships with top international medical schools and healthcare institutions worldwide. Thai hospitals have also achieved international standards of Hospital Accreditation (HACC) such as ISO 9002, ISO900: 2000, ISO 14001, ISO 18000 and JCIA. Thailand’s Food and Drug Administration (FDA) is in charge of: • Pre-marketing control • Post-marketing control • Surveillance programs for consumer safety • Consumer education • Technical support and cooperation with other agencies The FDA oversees the importation of three classifications of medical devices, which can be found at the organization’s website.
  • 13. ³7KH ¿UVW MRLQW YHQWXUH XQGHUWDNHQ E -DSDQ 2WVXND *URXS was in Thailand and we have operated this company VXFFHVVIXOO IRU RYHU WKH SDVW HDUV :H DUH FRQ¿GHQW that Thailand’s strong infrastructure, competitive labor costs and commercially sound government policy will support and strengthen our Thai operations’growth in both pharmaceutical and food products.” - Mr. Motoyuki Sakiyama, President of Thai Otsuka Pharmaceutical Co., Ltd - INTELLECTUAL PROPERTY RIGHTS Thailand’s 7 laws pertaining to intellectual property all meet international standards: 1) Copyrights Act of 1994 2) Patent Act of 1979, as amended by the Patent Act (No. 3) of 1999 3) Traditional Medicine and Practice Act of 1999 4) Trademark Act of 1991, as amended by the Trademark Act (No. 2) of 2000 5) Act for the Protection of Layout-Designs of Integrated Circuits 2000 6) Trade Secret Act of 2002 7) Protection of Geographical Indication Act of 2003 EXCELLENT INFRASTRUCTURE Thailand is home to many institutions and research centers that support the development of medical technological breakthroughs, including; • Thailand’s Science Park, established as a one-stop service center to assist companies engaged in scientific and technological research • The National Center for Genetic Engineering and Biotechnology (BIOTEC) • National Science and Technology Development Agency (NSTDA) • Food and Drug Administration (FDA) • Ministry of Public Health (MOPH) • Ministry of Science and Technology (MOST) • National Innovation Agency (NIA) • Health Systems Research Institute (HSRI) • Thailand Center of Excellence for Life Sciences (TCELS)
  • 14. WONDERFUL INVESTMENT OPPORTUNITY AND ENVIRONMENT Thailand offers a number of investment advantages for foreign investors. Thailand’s economy is one of the fastest growing economies in Asia. With a strong business climate, Thailand was ranked 18th in the world and 3rd in Southeast Asia in terms of ease of doing business by the World Bank’s 2014 Doing Business report. The country’s experienced and qualified physicians can support a high-quality medical services sector. Thailand also provides world-class infrastructure and advanced technological equipment. These factors contribute to the steady growth of Thailand’s healthcare services, medical device, and pharmaceutical markets. BOI INVESTMENT INCENTIVES Thailand Board of Investment offers attractive investment incentives to a wide range of activities related to the medical sector such as manufacture of medical food, manufacture of medical equipment. Major incentives include corporate income tax exemption, and duty concessions on machinery and raw materials. In addition, a number of non-tax incentives are availablesuchasrighttoownlandandfacilitation as regards visas and work permits for expatriates. The BOI also promotes retirement homes and care centers as well as dedicated health centers, which are facilities that can provide the processes of medical or psychotherapeutic treatment through the use of advanced technological devices and facilities. These dedicated health centers will
  • 15. serve only the patients who need further treatment to rehabilitate, so it helps them prevent injury and disease, recover function and strength, reduce pain and ultimately helps them return to a more independent and productive lifestyle. Projects in retirement homes and care centers, as well as dedicated health centers are eligible for exemption or reduction of import duty on machinery, based on project location, provided they achieve standards set by relevant government agencies. OTHER GOVERNMENT SUPPORT MEASURES Apart from BOI incentives, several types of support are provided by other government agencies and organizations, which include: The Revenue Department • 40% deduction on depreciation of machinery • 200% deduction on training expenses • National Science and Technology Development Agency (NSTDA) • Several research and development units to support public and private sectors. • Industrial Technology Assistance Program (iTAP) for SMEs • National Innovation Agency • Innovation coupon granted for approved projects to support 90% of RD expenses incurred by innovation service provider (in cooperation with the Federation of Thai Industries) • Financial support of 25%-75% to be granted to prototype or pilot scale projects • Interest free loan for up to 3 years to assist in the start-up of commercial operation of innovation projects FOR FURTHER INFORMATION: The Thailand Board of Investment (BOI): http://www.boi.go.th The Food and Drug Administration: http://www.fda.moph.go.th/eng/index.stm Thai Medical Device Technology Industry Association (THAIMED): http://www.thaimed.co.th/index.php?page=aboutlang=en
  • 16. CONTACT US Head Offices OFFICE OF THE BOARD OF INVESTMENT 555 Vibhavadi-Rangsit Rd., Chatuchak, Bangkok 10900 Tel: +66 (0) 2553-8111 Fax: +66 (0) 2553-8222 Website: www.boi.go.th Email: head@boi.go.th ONE START ONE STOP INVESTMENT CENTER (OSOS) 18th Floor, Chamchuri Square Building, 319 Phayathai Rd., Pathumwan, Bangkok 10330 Tel: +66 (0) 2209-1100 Fax: +66 (0) 2209-1199 Website: osos.boi.go.th Email: osos@boi.go.th ONE STOP SERVICE CENTER FOR VISAS AND WORK PERMITS 18th Floor, Chamchuri Square Building, 319 Phayathai Rd., Pathumwan, Bangkok 10330 Tel: +66 (0) 2209-1100 Fax: +66 (0) 2209-1194 Email: visawork@boi.go.th INVESTOR CLUB ASSOCIATION (ICA) 12th and 16th Floor, TPT Building, 1 Soi Vibhavadi-Rangsit 19, Vibhavadi-Rangsit Rd., Lad Yao, Chatuchak, Bangkok 10900 Tel: +66 (0) 2936-1429 Fax: +66 (0) 2936-1441-2 Website: www.ic.or.th Email: is-investor@ic.or.th Regional Offices CHIANG MAI Regional Investment and Economic Center 1 Airport Business Park 108-110, 90 Mahidol Road, Amphur Muang, Chiang Mai 50100 Tel: +66 (0) 5320 3397-400 Fax: +66 (0) 5320 3404 Email: chmai@boi.go.th NAKHON RATCHASIMA Regional Investment and Economic Center 2 2112/22 Mitraphab Road, Amphur Muang, Nakhon Ratchasima 30000 Tel: +66 (0) 4421 3184-6 Fax: +66 (0) 4421 3182 Email: korat@boi.go.th KHONKAEN Regional Investment and Economic Center 3 177/54 Moo 17, Mitraphab Road, Amphur Muang, Khonkaen 40000 Tel: +66 (0) 4327 1300-2 Fax: +66 (0) 4327 1303 Email: khonkaen@boi.go.th CHONBURI Regional Investment and Economic Center 4 46 Moo 5 Laem Chabang Industrial Estate, Sukhumvit Road, Toongsukhla, Sriracha, Chonburi 20230 Tel: +66 (0) 3840 4900 Fax: +66 (0) 3840 4997, +66 (0) 3840 4999 Email: chonburi@boi.go.th SONGKHLA Regional Investment and Economic Center 5 7-15 Chaiyong Building Juti Uthit 1 Road, Hadd Yai, Songkhla 90110 Tel: +66 (0) 7434 7161-5 Fax: +66 (0) 7434 7160 Email: songkhla@boi.go.th SURAT THANI Regional Investment and Economic Center 6 49/21-22 Sriwichai Road, Makhamtia, Amphur Muang, Surat Thani 84000 Tel: +66 (0) 7728 4637, +66 (0) 7728 4435 Fax: +66 (0) 7728 4638 Email: surat@boi.go.th PHITSANULOK Regional Investment and Economic Center 7 3rd Floor, Thai Sivarat Building, 59/15 Boromtrilokkanat 2 Rd., Naimuang, Amphur Muang, Phitsanulok 65000 Tel: +66 (0) 5524-8111 Fax: +66 (0) 5524-8777 Email: phitsanulok@boi.go.th Overseas Offices BEIJING Thailand Board of Investment, Beijing Office Royal Thai Embassy, No.40 Guang Hua Rd., Beijing 100600 P.R.C. Tel: +86-10-6532-4510 Fax: +86-10-6532-1620 Email: beijing@boi.go.th 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 GUANGZHOU Thailand Board of Investment, Guangzhou Office Investment Promotion Section, Royal Thai Consulate-General, Room 1216-1218, Garden Tower, 368 Huanshi Dong Rd., Guangzhou 510064 P.R.C Tel: +86-20-8333-8999 ext. 1216-8, +86-20-8387-7770 Fax: +86-20-8387-2700 Email: guangzhou@boi.go.th LOS ANGELES Thailand Board of Investment, Los Angeles Office Royal Thai Consulate-General, 611 North Larchmont Boulevard, 3rd Floor, Los Angeles CA 90004, U.S.A. Tel: +1 (0)-323-960-1199 Fax: +1 (0)-323-960-1190 Email: boila@boi.go.th MUMBAI Thailand Board of Investment, Mumbai Office Royal Thai Consulate-General 1st Floor, Dalalmal House, Jamnalal Bajaj Marg, Nariman Point, Mumbai - 400 021 Republic of India Tel: +(91 22) 2204 1589-90 Fax: +(91 22) 2282 1071 Email: mumbai@boi.go.th NEW YORK Thailand Board of Investment, New York Office 7 World Trade Center, 34th Floor. 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 OSAKA Thailand Board of Investment, Osaka Office Royal Thai Consulate-General, Bangkok Bank Building, 7th Floor, 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 PARIS Thailand Board of Investment, Paris Office Ambassade Royale de Thaïlande 8, rue Greuze, 75116 Paris, France Tel: +(33-1) 56 90 26 00 Fax: +(33-1) 56 90 26 02 Email: par@boi.go.th SEOUL Thailand Board of Investment, Seoul Office #1804, 18th Floor, Koryo Daeyeongak Center, 97 Toegye-ro, Jung-gu, Seoul, 100-706, Korea Tel: +82-2-319-9998 Fax: +82-2-319-9997 Email: seoul@boi.go.th SHANGHAI Thailand Board of Investment, Shanghai Office Royal Thai Consulate-General, 15th Floor, Crystal Century Tower, 567 Weihai Rd., Shanghai 200041, P.R.C Tel: +86-21-6288-9728-9 Fax: +86-21-6288-9730 Email: shanghai@boi.go.th STOCKHOLM Thailand Board of Investment, Stockholm Office Stureplan 4C 4th Floor, 114 35 Stockholm, Sweden Tel: +46 (0) 8463 1158, +46 (0) 8463 1174-75 Fax: +46 (0) 8463 1160 Email: stockholm@boi.go.th SYDNEY Thailand Board of Investment, Sydney Office Suite 101, Level 1, 234 George Street, Sydney, New South Wales 2000, Australia Tel: +61-2-9252-4884 Fax: +61-2-9252-2883 Email: sydney@boi.go.th TAIPEI Thailand Board of Investment, Taipei Office Taipei World Trade Center, 3rd Floor, Room 3E 39-40 No.5 Xin-Yi Rd., Sec. 5 Taipei 110, Taiwan R.O.C. Tel: +886-2-2345-6663 Fax: +886-2-2345-9223 Email: taipei@boi.go.th TOKYO Thailand Board of Investment, Tokyo Office Royal Thai Embassy, 8th Floor, 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