ASEAN Member States “THAILAND”
Economic growth reached 7.5% in 2010, with some slow down through 2011, the figure during 2012 is expected to reach 4.5%. The country has proved remarkably resilient to the challenges of recession, mainly due to the strong financial position of both the public and private sectors. As a result, manufacturers were able to respond quickly to increased export demand, when world economies began their slow recovery over the last two years. Thailand is located at the centre of the Indochina Peninsula and is bordered to the north by Myanmar and Lao PDR, to the east by Lao PDR and Cambodia, to the south by the Gulf of Thailand and Malaysia and to the west by the Andaman Sea and Myanmar.
Thailand is home to several distinct geographic regions. The north of the country is mountainous, with the highest point being Doi Inthanon at 2,565 metres above sea level, the northeast consists of the Khorat Plateau and the east by the Mekong River. Southern Thailand has the Kra Isthmus, a narrow land bridge, which connects the Malay Peninsula with the mainland of Asia.
The centre is dominated by the Chao Phraya River valley, which runs into the Gulf of Thailand. The Gulf of Thailand is also an industrial centre, with the main port in Sattahip being the entry gates for Bangkok’s Inland Seaport. Thailand is the Greater Mekong Sub-region’s most visited international destination. Other top destinations include Bangkok, Chiang Mai and the beach resorts of Pattaya and Phuket. The Andaman Sea hosts the most popular and luxurious resorts in Asia. Phuket, Krabi, Ranong, Phang Nga and Trang and their lush islands all lay along the coast of the Andaman.
The Chao Phraya River and Mekong River are the sustainable resources of rural Thailand. Industrial scale production of crops use both rivers and their tributaries. The Gulf of Thailand covers 320,000 square kilometres and is fed by the Chao Phraya, Mae Klon, Bang Pakong and Tapi Rivers. Thailand is a stronghold of Buddhism. Many of the rules of etiquette are by-products of the Buddhist religion. Great emphasis is placed on outward forms of courtesy and politeness. The family is the cornerstone of Thai culture. Thailand has a strong hierarchical social structure. Thailand is a founder member of ASEAN.
- Joined ASEAN: 8 August 1967 (Founder Member)
- Head of State: His Majesty King Bhumibol Adulyadej
- Area: 513,120 square kilometres
- Border countries: Myanmar, Cambodia, Lao PDR, Malaysia
- Coastline: 3,219 kilometres
- Capital city: Bangkok
- Total population: 67,091,089
- Population of capital: 6,902,000
- Climate: Tropical, rainy, warm, cloudy southwest monsoon from May to September. Dry, cool northeast monsoon, November to March
- Languages: Thai, English, ethnic and regional dialects
- Religions: Buddhist 94.6%, Muslim 4.6%, Christian 0.7%, other 0.1%
- Ethnic groups: Thai 75%, Chinese 14%, other 11%
- Monetary unit: Baht (THB)
- Natural resources: Tin, rubber, natural gas, tungsten, tantalum, timber, lead, fish, gypsum, lignite, fluorite, arable land
- Major exports: Textiles and footwear, fishery products, rice, rubber, jewellery, automobiles, computers, electrical appliances
- Main export trading countries: China 12%, Japan 10.5%, US 9.6%, Hong Kong 7.2%, Malaysia 5.4%, Singapore 5%
- Major imports: Capital goods, intermediate goods and raw materials, consumer goods, fuels
- Main import trading countries: Japan 18.5%, China 13.4%, UAE 6.3% US 5.9%, Malaysia 5.4%, South Korea 4%
- Internet domain: .th
- International dialling code: +66
- Sources: CIA World Factbook, ASEAN, IMF, Kwintessential.co.uk, Journeymart.com
Gateway to Asia
Thailand serves as a gateway to Southeast Asia and the Greater Mekong sub-region, where newly emerging markets offer great business potential. From Thailand, it is convenient to trade with China, India and the countries of the Association of Southeast Asian Nations (ASEAN), which has a cumulative population of more than 500 million.
Economically, this country of 64 million people is characterized by steady growth. Abundant natural resources and a skilled and cost-effective work force helps attract foreign investment, enables them to prosper and help develop industry in Thailand.
Thailand has good infrastructure for foreign investors. Improved and modernized transportation facilities, as well as upgraded communications and IT networks, ensure optimum business and living conditions. State-of-the-art industrial estates boast sophisticated facilities and superior services.
Well-Defined FDI Policies
The country’s well-defined investment policies focus on liberalization and encourage free trade. Foreign investments, especially those that contribute to the development of skills, technology and innovation are actively promoted by the government. Thailand consistently ranks among the most attractive investment locations in international surveys, and a 2006 World Bank report indicated that Thailand was the 4th easiest country in Asia in which to do business, and the 20th easiest in the world.
Government Support and Incentives
Numerous government agencies support investors. Through the Board of Investment, the government offers a range of tax incentives, support services and import duty concessions available to an extensive list of businesses that are regarded as priority or promoted activities.
For more information, please visit at www.boi.go.th
Doing Business in Thailand
- Country Background
- Selected Economic Indicators and Other Statistics
- Operational Costs
- Transportation Costs
- Telecommunication Costs
- Investment Regulation and Procedures
- Expatriate Living Costs
- Employment Regulation
- List of Useful Information
- Other Useful Addresses
- List of Useful Web Site
- Public National Holidays
- Total Material
- Guide Book
- Capital : Bangkok
- National Population : 61 million
- Language : Thai
In its enduring traditions, Thailand embodies a quint-essential “Thainess’ which indelibly colours the nation and gives the sense of an ancient land that is different. Yet, the Thais miraculously combine a sincere respect for the past with zest for the new and a joy in today’s innovations.
It is precisely such a seeming paradox which makes Thailand so rewarding. Here is not only a truly multi-faceted destination of enormous cultural and topographical diversity, but also all the modern advantages to ensure the most pleasurable travel experience. From exclusive service to superior opportunities for sightseeing, accommodation, dining and shopping, the traveler will find plenty to appreciate.
Not only are the attractions rich and varied, there is also a style of holiday to suit all preferences. If, for example, all the fun and thrills of Pattaya beach resort is too much, there are the quieter seaside pleasures of Hua Hin and Cha-am, or the island resorts of Phuket and Ko Samui. Alternatively, if culture is the draw, numerous annual festivals are celebrated in traditional style and highlight enduring customs and beliefs. Special interest activities are another options; for example, anyone can sign up to study Buddhist meditation at a temple or to learn the art of Thai cooking from an expert chef at a five-star hotel. Take a step back in time as you enter a traditional Chinese temple, Muslim mosque, Hindu temple and Christian church-all in one neighbourhood. Nature, too, has been generous. As varied as the historical and culture attractions is the beauty of ever-changing landscape.
Just as you choose. You can escape to a tropical island hideaway, laze on a pristine sandy beach, go mountain biking amid high, forest-clad hills, journey up the Chao Phraya River or explore the flora and fauna of more than 60 national parks and 32 wildlife sanctuaries.
For more information, please visit http://www.tourismthailand.org/