Why Thailand

Thailand's Advantages

Gateway to Asia
 
Thailand enjoys a strategic location and serves as a gateway into the heart of Asia – home to what is today the largest growing economic market.
The country also offers convenient trade with China, India and the countries of the Association of Southeast Asian Nations (ASEAN), and easy access into the Greater Mekong sub-region, where newly emerging markets offer great business potential.
 
Hub of ASEAN
 
Thailand was one of the founding members of ASEAN and has been instrumental in the formation and development of the ASEAN Free Trade Area (AFTA).
AFTA entered into force on 1 January 2010 for the six original ASEAN (ASEAN-6) members (Thailand, Singapore, Malaysia, Indonesia, Philippines, and Brunei), thereby reducing import duties to zero; the so-called CLMV countries (Cambodia, Laos, Myanmar and Vietnam) will follow suit in 2015.
Thailand has forged close economic cooperation with other ASEAN member nations, and Thai manufactured products and services have access to their markets, which includes all 10 ASEAN countries. ASEAN is home to more than half a billion people, GDP in excess of US$1.5 trillion and total trade of well more than US$1 trillion per year.
 
Social and political stability
 
Thailand is a foreigner friendly and welcoming Buddhist country. The country's form of government is a constitutional monarchy, with a high reverence for the Thai Monarchy, and devotion to the teachings of Buddhism. And although the vast majority of the people in Thailand are Buddhist, all religions are welcome, and His Majesty the King is the patron of all religions.
 
Growing economy
 

Economically, this country of 67 million people is characterized by steady growth, strong exports and a vibrant domestic consumer market. Abundant natural resources and a skilled and cost-effective work force help attract foreign investors, and enable them to prosper and develop industry in Thailand.
 
Sufficient infrastructure
 

Thailand has good infrastructure with modernized transportation facilities, as well as upgraded communications and IT networks that ensure optimum business and living conditions. World-class industrial estates boast sophisticated facilities and support services to meet the needs of multinationals and SMEs alike.
 
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 the World Bank’s 2010 Ease of Doing Business report places Thailand as the 12th easiest country in the world in which to do business.
 
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 exemptions or reductions to an extensive list of promoted activities.
Companies receiving investment promotion privileges from the Board of Investment are not subject to foreign equity restrictions in the manufacturing sector, and there are no local content requirements nor export requirements, as Thailand's investment regime is in total compliance with WTO regulations.
The Board of Investment also coordinates the activity of the One-Stop Service Center for Visas and Work Permits, which enables foreign staff of BOI-promoted companies to obtain work permits and long-term visas within three hours or less.
The BOI also administers the One Start One Stop Investment Center, which opened in November 2009 to facilitate a full range of services and streamline investment procedures by bringing representatives from more than 20 government agencies under one roof.
In addition to the activities of the BOI, other government organizations, such as the Department of Export Promotion and international chambers of commerce, provide invaluable support and a host of other important services.
 
Long–established and newly emerging industries
 
With steady economic development and strong support industries, the country's industrial production has grown and diversified rapidly both in long –established and newly emerging industries.
The government has emphasized attracting investment in six sectors that have been determined to be key to the country's developmental objectives. These six target industries include: agriculture and agro-industry, alternative energy, automotive, electronics and ICT, fashion, and value-added services including entertainment, healthcare and tourism.
 
Friendly and rich culture
 
Thailand has gained a well-deserved reputation throughout the world for its gracious hospitality. The friendliness of its people and the diverse nature of Thai culture make visitors feel safe and at home in Thailand.
 
Education and healthcare services
 
The education standards in Thailand are accepted by many international examining bodies, and a great number of international schools and colleges offer world-class education, while its universities are outstanding.
In terms of healthcare, the country has developed an excellent reputation globally, due to its internationally-certified doctors and medical staff, and modern facilities and equipment. It is so good that one of the fastest-rising tourism sectors is medical tourism, with international patients visiting Thailand to take advantage of Thailand's world-class and extremely affordable health care system.
 

Updated 22 March 2010

Why Thailand

For more than two decades, successive Thai governments have understood that for Thailand to be attractive to foreign investors there needs to be both progressive investment promotion policies and sufficient infrastructure.
Accordingly, just as the Board of Investment developed policies to meet the needs of investors, the government has continuously improved the nation’s infrastructure, both in Bangkok and the provinces. Indeed, in recent years, tremendous strides have been made, especially in transportation projects.
New roads have been built and others widened to better handle the number of vehicles on the roads, and as a result, travel times to Thailand’s Eastern Seaboard and southern seaside resorts have been significantly reduced. Bangkok’s two mass transit systems continue to have a positive effect on traffic and both lines of the BTS Skytrain are in the process of being expanded, with additional lines of the subway system approved by the government and now in the bidding process. In addition, the new Suvarnabhumi International Airport which opened on September 28, 2006 continues to meet with approval of air travelers, being ranked one of the ten best in the world for 2010.
 
Airports (Thailand Map) (Eastern Seaboard Map)

Thailand has developed an extensive air transport network that encompasses 28 commercial airports, meaning that all Thailand’s regions are about an hour’s flight from Bangkok.
Suvarnabhumi International Airport, which has a capacity to service 45 million passengers per year, 3 million tons of cargo and 76 flights per hour, is the main gateway into Thailand.  A new domestic passenger terminal is expected to be completed by 2013 and will boost Suvarnabhumi airport’s capacity to 65 million passengers per year.
Don Mueang Airport in Bangkok, may be reopened as a domestic air terminal and maintains international standard facilities. It can serve 60 flights/hour, 11.5 million domestic passengers/year and 12,490 tons of domestic cargo/year.
Phuket Airport received government approval in December 2009 for a 5.8-billion-baht (US$175 million) plan to increase capacity to 12.5 million passengers by 2018; on top of the recently completed second terminal, which increased capacity to 6.5 million passengers a year.
Chiang Mai Airport has completed a 2-billion-baht expansion and now has an infrastructure that can handle 8 million passengers a year.
Other international airports include Hat Yai, Chiang Rai and Ko Samui.
 
Road Network (Thailand Map) (Eastern Seaboard Map)

Thailand is widely acknowledged as having the most extensive road transportation network of more than 390,026 kilometers, of which 384,176, or 98.5%, is concrete or asphalt paved, and 51,776 km forming a national highway network connecting each region of the country.
The signing of the Asian Highway Agreement on April 26, 2004 strengthens Thailand’s connection to the rest of the world for land-based trade and transportation linking it to 32 countries in Europe and Asia. The importance of these interconnections will increase dramatically as Thailand’s free trade agreements with the People’s Republic of China, ASEAN and India kick in, making Thailand a crucial hub for international production and trade.
The Greater Mekong area road network already includes a southern economic corridor inclusive of Thailand, Cambodia and Vietnam; the east-west economic corridor linking Myanmar, Thailand, Laos and Vietnam; the north-south economic corridor which runs from southern China through Laos, and Myanmar and Thailand; and the southern coastal economic corridor also connecting Thailand, Cambodia and Vietnam.

Seaports (Thailand Map) (Eastern Seaboard Map)


Thailand’s water transportation system has long been an important part of the country’s history and industries. With a coastline of 3,219 km and over 4,000 km of inland waterways, Thailand’s water transportation and ports infrastructure are essential to its overall transportation and trade.
There are currently 122 ports, wharves, and jetties able to accommodate sea-going vessels engaging in international trade, including eight international deep sea ports:
These ports, located in Bangkok, Laem Chabang and Map Ta Phut on Thailand’s Eastern Seaboard, and Sonkhla, Satun, Narathiwat, Phuket and Ranong in the South, provide capacity of more than 8.5 million TEU, a figure that is expected to continue to grow as current expansion projects are completed.
At Laem Chabang Port, six new container terminals are being developed with state-of-the-art equipment that can handles the latest generation of container vessels
The Laem Chabang Port's services include cargo handling, distribution and handling, and through a cooperative venture between the Port Authority of Thailand and the Customs Department, imports and exports are cleared within one day.
 
Rail and Mass Transit Systems (Thailand Map) (Eastern Seaboard Map)
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Thailand’s rail transportation, which dates back more than century, is extensive, covering 4,044 kilometers on three lines, intersecting in Bangkok. The system offers affordable transportation from the Malaysian border to northernmost provinces and Kanchanaburi in the west. The system connects with Malaysia’s national system, providing direct linkages down to Singapore, and a railway link to across the Mekong is under construction at Nong Khai.
To help alleviate traffic in Bangkok, the government has developed two mass transit systems. operating in Bangkok, with a total length of 42.9 km. The first system, known as the Skytrain (www.bts.co.th), opened on overhead tracks. The system covers 22.9 kilometers, serves 25 stations on two lines, and carries approximately 450,000 passengers per working day, as of June 2009.
In mid-2004, the Bangkok Subway (www.mrta.co.th) opened, providing service at 18 stations over a 20 kilometer distance. The system, which intersects with the Skytrain, can carry 50,000 passengers an hour in each direction.

 
Telecommunications (Thailand Map) (Eastern Seaboard Map)

A wide range of telecommunication facilities are available across the country. Fixed line telephones (offering international direct dial connections at affordable prices) and mobile phones are readily available, and access to the Internet is available though ADSL, satellite modems and dial-up connections.

In recent years, the speed of internet access has increased while costs have declined, and this trend seems certain to continue.

International Schools (Thailand Map) (Eastern Seaboard Map)

The government has recognized the need to promote the development of international schools, both to permit the offspring of foreign investors to obtain international-standard education and to facilitate Thai students to prepare for tertiary education abroad. Accordingly, there are numerous schools that follow the American, British and Japanese educational system, and students from these schools are accepted at some of the world’s finest universities.
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Last updated: 21 July 2010

Social and Culture

Historical Background
 
Thailand has a wide variety of fauna and flora and boasts wide ethnic diversity as well. Thanks to its abundant resources and fertile land, it has attracted peoples of many lands, who have settled and thrived here.
The origin of the Thais is not agreed on among academics. Three decades ago it could be said with presumed certainty that the Thais originated in northwestern Szechuan in China about 4,500 years ago and later migrated south to their present homeland. However, this theory has been altered by the discovery of remarkable prehistoric artifacts in the village of Ban Chiang in the Nong Han District of Udon Thani Province in the Northeast of Thailand. These include evidence of bronze metallurgy dating back 3,500 years, as well as other indications of a culture far more sophisticated than previously believed by archaeologists. It now appears that Thais might have originated here in Thailand and later scattered to various parts of Asia, including some parts of China.

"Siam" is the name by which the country was known to the world until 1939 and again between 1945 and 1949. On May 11, 1949, an official proclamation declared that the country would henceforth be known as "Thailand." The word "Thai" means "Free," and therefore "Thailand" means "Land of the Free."

Source: Thailand into the 2000s
 
Geography
 
Situated in the heart of the Southeast Asian mainland and covering an area of 513,120 sq. km., from North 5o 30' to 21o and from East 97o 30' to 105o 30', Thailand borders the Lao People's Democratic Republic, Cambodia and the Gulf of Thailand to the east, Myanmar and the Indian Ocean to the west, and Malaysia to the south. Thailand has maximum dimensions of about 2,500 kilometers north to south and 1,250 kilometers east to west, with a coastline of approximately 1,840 kilometers on the Gulf of Thailand and 865 kilometers along the Indian Ocean.
Thailand is the world's 50th-largest country in terms of land area, making it about the size of Spain. It has a surface area of approximately 513,120 sq km (198,000 sq mi).It is the 20th most populous country.
Land Use
arable land: 27.54%
permanent crops: 6.93%
other: 65.53% (2005)
Source: https://www.cia.gov/library/publications/the-world-factbook/geos/th.html (11 June 2010)

 
Topography
 
Thailand is divided into four natural regions:
1.    The North
2.    The Central Plain, or Chao Phraya River Basin
3.    The Northeast, or the Korat Plateau
4.    The South, or Southern Peninsula.
The North is a mountainous region comprising natural forests, ridges and deep, narrow, alluvial valleys. The major city in the region is Chiang Mai.

Central Thailand , the basin of the Chao Phraya River, is a lush, fertile valley. It is the richest and most extensive rice-producing area in the country and has often been called the "Rice Bowl of Asia." Bangkok, the capital of Thailand, is located in this region. It is also the country's largest city

The Northeast region is arid, characterized by rolling surfaces and undulating hills. Harsh climatic conditions often result in this region being subjected to floods and droughts.

The Southern region ranges from hilly to mountainous, with thick virgin forests and rich deposits of minerals and ores. The region is the center for production of rubber and cultivation of other tropical crops.
 
Climate
 
Thailand is a warm and rather humid tropical country. The climate is monsoonal, marked by a pronounced rainy season lasting from about May to September and a relatively dry season for the remainder of the year. Temperatures are highest in March and April and lowest in December and January. The average temperature is 28.1o C.
 
Population
 
The population of Thailand, estimated at 67.2 million in 2010 (May), includes ethnic Chinese, Malays, Cambodians, Vietnamese, Indians, and others. Immigration is controlled by a quota system.
Source: The National Statistical Office of Thailand
 
Religion
 
Buddhism, the national religion, is the professed faith of 95 percent of the population. Islam (3.8%), Christianity (0.5%), Hinduism (0.1%), others (0.6%) are embraced by the rest of the population. There is absolute religious freedom. The King of Thailand, under the constitution and in practice, is patron of all major religions.
 
Language
 
The official national language is Thai. It is tonal, uninflected, and predominantly uses monosyllabic words. Most polysyllabic words in the vocabulary have been borrowed, mainly from Khmer, Pali and Sanskrit. Dialects are spoken in rural areas. Other languages are Chinese and Malay. English, a compulsory subject in public schools, is widely spoken and understood, particularly in Bangkok and other major cities.
 
The Monarchy
 
The words of the Thai Royal Anthem, performed at most official ceremonies and before the start of every movie, may strike a Western ear as somewhat archaic.

After all, the system of absolute monarchy ended in 1932, following a revolution staged by a small group of disaffected civil servants and military men. Since then, Thai kings have ruled under a constitution; their powers theoretically no greater than those of European monarchs. Yet, since he was officially crowned in 1946, His Majesty King Bhumibol Adulyadej has assumed the role of constitutional monarch and has worked tirelessly on behalf of his people, gaining a measure of personal devotion that is probably more intense than that felt for any of his all-powerful ancestors. It has been said that Their Majesties King Bhumibol and Queen Sirikit are the hardest working royal couple in the world with a work load once estimated to be equal to at least one function every day of the year. Of the several institutions that form the foundation of modern Thai life, the one His Majesty represents is not only the most visible but also the most revered.

His Majesty has devoted himself to public service and made enduring contributions to Thailand's development, initiating vital "royally-suggested" projects such as crop rotation, fish breeding, irrigation, natural watershed programs, dairy farming, reforestation, road building, and the establishment of self-help villages.

His Majesty has traveled countrywide by helicopter, jeep, train, boat and on foot, often to the remotest corners of his Kingdom, in pursuit of his projects. He is held in high esteem nationwide for his profound interest in his people's welfare.

Her Majesty Queen Sirikit frequently accompanies His Majesty and shares a close interest in the welfare of rural Thais. Her Majesty has wholeheartedly helped establish foundations such as SUPPORT which assists Thailand's rural population to produce and sell traditional craft products for supplementary income.

The Thai monarchy is revered and regarded as the central, unifying element in the pillars of the nation. King Bhumibol was born on December 5, 1927, ascended the throne on June 9, 1946, and married Her Majesty Queen Sirikit on April 28, 1950.

Their Majesties have four children; Their Royal Highnesses Princess Ubol Ratana, Crown Prince Maha Vajiralongkorn, Princess Maha Chakri Sirindhorn, and Princess Chulabhorn.

The Royal Couple are conscientiously assisted by their children, who frequently accompany them and represent Their Majesties at official functions and ceremonies.
 
Flag
 
Thailand's national flag, ceremoniously raised each morning at 08.00 hrs and lowered at 18.00 hrs in every town and village, is composed of five horizontal bands of red, white, and blue. Outer bands of red representing the nation enclose equal inner bands of white evoking religion. The blue band, occupying the central one-third of the total area, symbolizes the monarchy. The harmony of design expresses the complementary nature of these three pillars of the Thai nation. The tri-colored flag, first introduced by King Vajiravudh (Rama VI) in 1917, replaced an earlier design which featured a white elephant on a red background.
 
Basics
 
Time Zone: GMT + 7 (12 hours ahead of East Coast USA during Standard Time)
Currency: Baht
Nationality: Thai
Climate: Tropical

Government
 
In Thailand, the King is head of state, while the leader of the government is the Prime Minister. Other chief executives also include cabinet members and ministers, together with high-ranking government officials in ministries, bureaus and agencies. As head of state, the King has the authority to exercise sovereign power through the National Assembly, the Council of Ministers, and the Courts. The Prime Minister functions in the name of the King, and is responsible for all royal commands regarding the affairs of the State.
Provinces
Thailand is divided into 76 provinces (changwat), which are grouped into 5 groups of provinces by location. There are also 2 special governed districts which are the capital - Bangkok (Krung Thep Maha Nakhon in Thai ) and Pattaya. However Pattaya is still part of Chonburi Province, while Bangkok is at provicinial level itself. Each province is divided into smaller districts - as of 2000 there are 795 districts (amphoe), 81 sub-districts (king amphoe) and 50 districts of Bangkok (khet). However, some parts of the provinces bordering Bangkok are referred to as Greater Bangkok (pari monthon). These Provinces include Nonthaburi, Pathum Thani, Samut Prakan, Nakhon Pathom, Samut Sakhon.
             

Sources include: The Public Relations Department, CIA Factbook, Thailand Outlook, Bank of Thailand and Thailand into the 2000s
Updated 11 November 2010

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