服务电话

News

建广律师

快速联系

留言反馈
  • 在线QQ:
  • Click here to give my message Click here to give my message
  • 电话:
  • 0871-63644502
  • 传真:
  • 0871-63644501
  • 邮箱:
  • 1649985528@qq.com
  • 地址:
  • 云南省昆明市环城西路577号7楼AB座

Thailand needs to do more to maintain its edge

来源:建广律师事务所     2013-01-16
字号:T|T

       Thailand has the comparative advantage to become the capital of the Asean Economic Community (AEC),

 but more investment is needed in terms of people, product branding, and research and development.

       Kan Trakulhoon, president and chief executive of Siam Cement Group (SCG), said Thailand invested only 

0.2% of its gross domestic product in research and development compared to 1% by South Korea and 3% by 

China.

       "Whether you are a big or small company, it's time to build brands and undertake product differentiation

 simultaneously for sustainable growth," Mr Kan said, noting that the stage of low-cost labour is over and that 

Thailand must now focus on how to enable Thais to do more challenging work.

       Attracting talent from other Asean countries is also crucial, and Thailand must make sure that the process

 is unhindered by work permit regulations.

       He also urged Asean countries to set aside national differences and focus on their common spirit.

       SCG itself has adjusted its strategies for investing abroad and learned to go slow by gauging the market 

instead of investing too fast.

       In the past, SCG jumped in to set up a factory, but later changed its focus to selling its products first. 

Once market volume was big enough, it set up a production plant or took over existing players.

       Supak Sivarak, president of CIMB Thai Bank, said Thai companies have to change their mindset and invest 

more in the region.

       For instance, small and mid-sized companies in the automotive sector have huge opportunities to invest in 

the region, especially in Indonesia with its 240-million-plus population.

       Thapana Sirivadhanabhakdi, president and chief executive of ThaiBev, highlighted Thailand's geographical

 advantages.

       The country's tourism industry, he said, could spur growth for other sectors like food and logistics.
        Mr Thapana also urged an upgrade in transport linkages to attract more tourists, especially from China.