Foreign companies interested in Thailand investment during economic restoration, says Deputy Prime Minister

Bangkok –

Thailand’s economy would be gradually restored as many foreign businesses have shown a strong interest in investing in Thailand, Deputy Prime Minister Supatthanaphong Phanmichaow confirmed yesterday, September 3.

Prime Minister Prayuth Chan-O’Cha and the Deputy Prime Minister had invited a group of influential people in the real estate business to a private meeting yesterday over concerns regarding the national economic restoration during and after the Covid-19 outbreak.

According to the Deputy Prime Minister, the business experts revealed that, despite the economic downturn, Thai customers still have the potential and demand to purchase goods and supplies despite the lack of foreign tourists due to closed international borders.

Regarding the possibility of future investment, the businessmen said that there are reportedly a number of foreign companies who are interested in investing in real estate businesses. The government is recommended to facilitate business operations to potentially drive the country’s economy, such as supporting real estate lending, tax measures, and the urban planning system.

“The government summarized the useful information from the talk and will propose them to the Center for Economic Situation Administration (CESA) as soon as possible to put them into action. The summary is expected to be completed within 2 weeks before introducing it in the meeting,” Supatthanaphong concluded.

Photo Courtesy: Matichon Online

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Nop Meechukhun
National News Writer at The Pattaya News from September 2020 to October, 2022. Born and raised in Bangkok, Nop enjoys telling stories of her hometown through her words and pictures. Her educational experience in the United States and her passion for journalism have shaped her genuine interests in society, politics, education, culture, and art.