“Thailand Taking off to New Heights”
Turning Opportunities into Realities
Visión Empresarial Querétaro was invited by the Board of Investment to attend the “Thailand Taking off to New Heights” Seminar.
Thailand’s Board of Investment organized the Seminar on 19 March 2018 at Impact’s Royal Jubilee Hall in Muang Thong Thani Exhibition and Convention Center. The seminar featured a keynote addressed by Deputy Prime Minister Somkid Jatusripitak and high-level panel discussions on economic reform initiatives and latest investment policies implemented by the Thai government. Prominent speakers at this event included Dr. Uttama Savanayana, Minister of Industry, Dr. Kobsak Pootrakool, Minister Attached to the Prime Minister’s Office, and Dr. Pailin Chuchottaworn, Deputy Minister of Transportation.
In his keynote address, Deputy Prime Minister Somkid Jatusripitak highlighted three strategies to transform the Thai economy into an engine of growth and reposition Thailand as an investment, logistics and tourism hub within CLMV and ASEAN, highlighting the recovery of the world economy and the geopolitical shift from Europe to Asia which will provide opportunities for Thailand to be the economic hub of Asia.
The three strategies include:
1) Development of mega projects to improve infrastructure to increase connectivity and expand the development and linkage to regional markets and the Belt and Road Initiative as well as to promote tourism among cities in Thailand. And the construction of railways in Bangkok to other provincial capitals is ongoing while the Thailand-China railway project is also underway.
2) Investments in the EEC to upgrade industrial clusters and create seamless transport and logistic systems. Thailand is aiming to be the hub of the bio-economy in the eastern seaboard and the regional aviation center.
3) Implementation of Thailand 4.0 policy with emphasis on digital trans-formation, and e-government. The Deputy Prime Minister also expressed his optimism for the continued acceleration of Thailand’s economy.
He also noted significant improvement in Thailand’s international ranking, particularly World Bank’s Ease of Doing Business which improved 20 positions to 26th ranking in one year. And also pointed out that the government is enabling an analog to digital transition. The revolution in digital technology will expand e-commerce and foster the growth of entrepreneurs and start-ups.
Investment in the Eastern Economic Corridor (EEC): Thailand is aiming to be the hub of the bio-economy in the eastern seaboard and the regional aviation center.
Enable an analog to digital transition. The revolution in digital technology will expand e-commerce and foster the growth of entrepreneurs and start-ups.
Dr. Uttama Savanayana, Minister of Industry, outlined the government’s plan to undertake proactive industry policy based upon the development of 11 targeted industries. He stressed the need to develop human capital to serve the need of industries 4.0 and urged a renewed focus on a partnership to develop and use technology, while at the same time promoting technology access and intensified technology usage.
Dr. Kobsak Pootrakool, Minister Attached to the Prime Minister’s Office, highlighted the 20-year national strategy and 11+2 sectoral reform plans developed by the government to boost national competitiveness and support innovation and adoption of technology. He stressed that the reform target was to advance Thailand to become a developed nation. He also indicated that the focus of the reform would be on the development of new generation of infrastructure, advanced and innovative industries, a new set of laws and institutions.
Dr. Pailin Chuchottaworn, Deputy Minister of Transportation, presented Thailand’s 20-year transport system development strategies poised to become a paradigm shift in the country transportation system. The new strategies would focus on building one seamless transport system covering all modes of transportation including rail, road, sea, and air. He also highlighted that, in 2018, 44 transport projects would be expedited with investment value amounting to 57.7 billion US Dollars.
In the panel discussion on Thailand’s next step to drive its growth through innovation and technology, Duncan Yu recognized Thailand’s commitment to innovate science and technology. Mr. Yu pointed out that BGI as world’s leading organization for genomics research and application attaches great importance to the existing various collaborations with Thai government and institutes. He further stated that BGI would support Thailand in developing biotechnology and healthcare industry and would deepen the cooperation with Thailand in various areas such as biobank, precision medicine, modern agriculture, and talent development.
The seminar also featured information kiosk on the latest Smart Visa program, and as well as a display of latest information on the Eastern Economic Corridor, the Eastern Economic Corridor of Innovation and Digital Park Thailand.
Thailand seeks to play a constructive role in international affairs and address the challenges faced by the global community.
This mega-event welcomed approximately 3,000 visitors, including investors, high-ranking executives from leading Thai and foreign companies, ambassadors, commercial councilors, chambers of commerce, Honorary Investment Advisors (HIAs) and over 300 Thai and foreign media representatives from around the world, and Visión Empresarial Querétaro was the only media representative from Mexico.
With this project, Thai Deputy Prime Minister reiterates Thailand in the fast lane towards an advanced economy driven by megaprojects, EEC, and digital development.
During our visit we could see why this region is exemplary model of success in business development as the Thai Government is promoting the initiative called “Thailand 4.0” a visionary scheme to transform the Thai economy by investing in technology and innovation.
A core element of Thailand 4.0 is the Eastern Economic Corridor, or EEC. —comprised of Chachoengsao, Chonburi and Rayong provinces— represents the next stage of the Eastern Seaboard’s economic life.
Within the EEC, the Thai government expects to develop 10 high-tech industries over the next decade: next-generation automotive, smart electronics, biofuel and biochemical, food innovation, digital economy, medical hub, automation and robotics, aerospace, agricultural and biotechnology, affluent medical and wellness tourism.
To attract world-leading businesses to the provinces, the Thai government will offer a range of attractive incentives, including an up-to-15-year-exemption of the corporate income tax, the exemption of import duties on machinery and raw materials used for manufacturing of export products, and a 17 percent rate for personal income tax for foreign experts working in the 10 target industries.
We also visited Thai world-renowned companies. SuperNAP Thailand, CPRAM, Amata Corporation, Siam Bioscience and Sampran Riverside Thai Village; research centers, global industries, entrepreneurship centers, public institutions and we had the opportunity to visit some tourist attractions.
Thai Technical Department
Thai Technical Department is one of the leaders in the Maintenance, Repair, and Overhaul (MRO) of commercial aircraft, engines and components. With over 50 years of experience and professional engineers and skilled mechanics, they have been providing safety and reliability services 24 hour-a-day for routine and emergency support to their customers.
With 3 major maintenance facilities, Donmueang base, Utapao base, and Suvarnabhumi base, they offer line and light maintenance, heavy maintenance including major modification, interior and exterior painting, component overhaul, engine overhaul and calibration services.
Thai Technical Department ensures their customers’ aircraft a safety, quality and environmental care to achieve the highest level of the satisfaction of their customers and provides year-round top class maintenance, repair and overhaul (MRO) services to satisfy all customers worldwide by well-trained and highly skilled team of technicians that correspond to recognized safety and environmental standards and regulations.
U-Tapao–Rayong–Pattaya International Airport
U-Tapao International Airport is a joint civil-military public airport serving Rayong and Pattaya cities in Thailand. It is in Ban Chang District of Rayong Province.
It also serves as the U-Tapao Royal Thai Navy Airfield, home of the Royal Thai Navy First Air Wing. U-Tapao is the home of a large Thai Airways maintenance facility, servicing that airline’s aircraft as well as those of other customers. U-Tapao has been eyed as an alternate international gateway due to relative proximity to the capital. The government wants to make U-Tapao as aerotropolis, the center of infrastructure that will link the airport to expanding cities growing out in rings from the airport.
The plan includes a project to expand and modernize the airport for transport purposes as well as another to develop a maintenance, repair, and operation (MRO).
PTTMCC is a strategic joint venture between PTT Global Chemical Public Company Limited (PTTGC) and Mitsubishi Chemical Corporation (MCC) to become the global leader of compostable bioplastic material with a fast-tracking solution for customers to enjoy our vast possibilities in applications.
PTTMCC has invested in research and development of BioPBS (Bio-based Polybutylene succinate) a biodegradable plastic that decomposes into water and carbon dioxide with the microorganism under the soil.
PBS has a high heat resistance among the general biodegradability resin, and PBS has high compatibility with a fiber. Using this goodness, it’s possible to achieve the performance which can’t be shown by itself as the compound with other resin and material duct life cycle.
Derived from natural resources, such as sugarcane cassava and corn, can be used in various applications from the paper coating, coffee capsule, synthetic fiber, flexible and barrier packaging.
Moreover, the company also developed environmental friendly products with compatibility with traditional downstream manufacturing needs, to better integrate bio-based materials into the current value chain in the industry.
Its commitment is to drive the green industry forward on a global scale. With the determination to give the world a sustainable future through easily adopted bio-chemical innovations.
SCG Chemicals is one of the largest integrated petrochemical companies in Thailand and a key industry leader in Asia offers with a full range of petrochemical products ranging from upstream production of olefins to downstream production of three main plastics resins; polyethylene, polypropylene and polyvinyl chloride.
To better serve customers’ requirements and create high value-added products and services, SCG Chemicals assigns prime importance to the development of new technology and innovation for the creation of high value-added products (HVA) and service solutions.
SCG invested in both in-house R&D facilities at Advanced Science and Technology Center (ASTEC) I, II, III and I. and collaboration with network of world-class institutions such as, Chula Engineering Research Center at Chulalongkorn University, SCG-University of Oxford Centre of Excellence for Chemistry, and Norner AS.
SUPERNAP Thailand is a joint venture among SUPERNAP International, CPB Equity, Siam Commercial Bank, True IDC, Kasikorn Bank, and BFKT (Thailand) Ltd., aiming to develop three state-of-art data centers in Thailand. SUPERNAP Thailand locates in Hemaraj Industrial Estate 2 in Thailand’s eastern province Chonburi. The first MOD is operational since late 2017. The facility is based on the design and operations of the state-of-the-art, multi-tenant Switch SUPERNAP facilities in the U.S. which hold Tier IV Design, Tier IV Facility, and Tier IV Gold Operations certifications, with its capacity of more than 6,000 data server racks. The new SUPERNAP Thailand data center covers an area of nearly 75 rai or 12 hectares and is strategically built outside the flood zone, 110-meters above sea level and only 27 kilometers away from the international submarine cable landing station, which links the facility to national and international telecoms and IT carriers.
CPRAM Company Limited has produced and distributed the largest of a ready-to-eat food in Thailand. A company’s philosophy is “Food is essential for life. Quality food means quality life. CPRAM commits to serve quality food with safe, nutritious and pleasure to consume that make our world vitally healthy. Providing goods to retail shop more than 20,000 sites and exporting frozen food to 18 countries. Moreover, we are accepted to be leader in creating innovation, having high-quality of product and good service to build customer trust. And efficiently under CPRAM product brand of Jade Dragon, Le Pan, Deli Thai, Delicasia and CPRAM Catering.
CPRAM Innovation Center, Chonburi is the first private food innovation center in Thailand, a place for innovation incubation center, learning and resource center for local by exhibition and touchable model. Moreover, we are the most up to date a ready to eat food in Thailand.
Amata is Thailand’s biggest industrial estate developer, specializing in planning, developing, managing, and marketing integrated estates. The company strives to provide a location for businesses and create integrated cities with a range of services designed to support its client companies and their teams. Amata’s industrial estates provide international standard road systems, private security that incorporates support from local police, reliable utilities, well-maintained green areas, and ready built factories. Leveraging on its solid track record in Thailand, Amata has established its first overseas integrated industrial estate on 700 hectares in Bien Hoa City, Vietnam. Strategically located on Highway No. 1, connecting the South and the North of Vietnam, Amata City Bien Hoa Industrial park proudly houses multinational corporations with a total investment of well over US$2.4 billion and a total workforce of more than 43,000 workers. Currently, Amata is chosen by the EEC Management Committee to as one of developers to develop specialized industrial estates for EEC’s target industries such as smart city for Next-Generation Automotive Industry, Smart Electronics, Affluent, Medical and Wellness Tourism and Aviation and Logistics industry.
Siam Bioscience Co., Ltd (SBS) was established in 2009 and aspires to be in the forefront of R&D and manufacturing of biopharmaceuticals in ASEAN. The company locates in Nonthaburi’s Bang Yai district, which includes the company’s production and R&D facility to develop various biopharmaceuticals for treatment of anaemia in patients with kidney failure and for treatment of infection among cancer patients receiving chemotherapy. Moreover, the company has formed strategic partnerships with Mahidol University, the leading research university in Thailand with strong research expertise in medicine, biomedical sciences and biotechnology leaders of the world. To further develop its capability, Siam Bioscience Co has also formed a joint venture with the Cuba-based Centre of Molecular Immunology to research and develop biopharmaceuticals for cancer and auto-immune diseases. Currently, the company is supplying its products to ASEAN countries and is planning to export to Latin America from its joint venture with the Cuban firm.