BANGKOK, 25 April 2014 – Thai investors have been advised to study and gather information needed to penetrate new markets, especially in Muslim countries.
As the ASEAN Economic Community (AEC) is closing in, the Thai Board of Investment (BOI) has voiced concern about Thai investors going into a Muslim market without basic knowledge of its culture.
The BOI strongly advised that Thai investors should thoroughly study the rules and regulations of Islamic countries, as they normally have relatively high restrictions. Some of these countries include Indonesia, Malaysia, and Brunei.
However, the BOI said Thai small and medium sized enterprises (SMEs) have a high competitive potential compared to other nations in South East Asia, adding that Thailand is still wide open for more investments, especially in logistics and service industries.
According to the latest survey, most investments made in Thailand are processed food, agricultural goods, appliances, and electronics.
