Thai Deputy Prime Minister Somkid Jatusripitak has urged the Board of Investment (BoI) to make tax incentives and investment packages more attractive to foreign agri-businesses to turn Thailand into an investment hub for CLMV (Cambodia, Laos, Myanmar and Vietnam) countries.
Thai Deputy Prime Minister Somkid Jatusripitak (Photo: )
Bangkok (VNA) – Thai Deputy Prime Minister SomkidJatusripitak has urged the Board of Investment (BoI) to make tax incentives andinvestment packages more attractive to foreign agri-businesses to turn Thailandinto an investment hub for CLMV (Cambodia, Laos, Myanmar and Vietnam)countries.
Somkid said the Thai government wants to draw more investors as the COVID-19 pandemicmay cause them to consider changing their production bases, he said.
Thailand also aims to stand out among Cambodia, Laos, Myanmar and Vietnam as aninvestment destination, he added.
New investment packages should be designed to promote the agriculture sector asthis will help local farmers deal with economic hardships under a state plan toboost the local economy following the COVID-19 period.
According to BoI secretary-general Duangjai Asawachintachit, officials arepreparing to propose a plan to revamp investment options to the BoI board forapproval.
The proposal will be tabled when the BoI board, chaired by Prime MinisterPrayut Chan-o-cha, meets on June 17, Duangjai said./.
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Around 1,000 foreign visitors are expected to be allowed to enter Thailand per day and the standard 14-day COVID-19 quarantine rule will be waived, according to an implementation plan to be submitted for approval of the country’s Centre for Covid-19 Situation Administration (CCSA).
Thailand has gone 21 straight days with no new COVID-19 cases recorded on June 15, keeping the total number of infections in Thailand at 3,135 with 58 deaths.
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Thai Deputy Prime Minister Somkid Jatusripitak (Photo: ) 
