Japanese Firms Eye Thailand as Production Hub Amidst China Concerns

Japanese companies are considering relocating some production from China to Thailand, seeking supply chain resilience and reduced exposure to US trade tensions.  Strong infrastructure, skilled workforce, and government support lure companies seeking regional production hub. This comes after a successful investment mission to Japan by the Thailand Board of Investment (BOI).

The BOI highlighted Thailand's readiness for investment, emphasising its commitment to sustainable development through:

• Human Capital: Investing in education and skills training.
• Infrastructure: Developing transport networks, digital infrastructure, water management, and energy systems.
• Innovation: Fostering innovation across industries.
• Government Support: Providing supportive policies, regulations, and a business-friendly environment.

The BOI also promoted investment in high-value-added industries and agriculture, positioning Thailand as a key market, production base, R&D hub, and supply chain partner. And incentives and opportunities were showcased across five future-focused sectors: Bio-Circular-Green economy, electric vehicles, semiconductors and electronics, digital technologies, and international business centres.

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