Presentation from "Think Asia, Invest Thailand" webinar on June 17, 2020, by Vorawan Norasucha, Director, Thailand Board of Investment New York Office

1. Investment Opportunities
in Thailand
Thailand Board of Investment New York Office
Vorawan Norasucha
Director
June 2020

2. 2
What Comes to Mind When You Think of Thailand?
RICH CULTURE ISLAND RESORTS SHOPPING BEAUTIFUL BEACHESTEMPLES THAI FOOD

3. Strategic Location & Market Access
1000 KM3000 KM5000 KM
Thailand Market
• Population: 69 Million1
• Middle Class Consumers: 52 Million2
Cambodia, Laos, Myanmar,
Vietnam, Thailand
• 242 Million Consumers3
• Within 1000 KM
ASEAN Economic Community
• 645 Million Consumers4
• Within 3000 KM
Greater Asia Region
• 4.6 Billion Consumers5
• Within 5000 KM
Source:
1,3World Bank (2019), 2Deloitte (2016), 4ASEAN (2018), 5World Meters (2019)
3

4. 4
Thailand Economic Statistics
Source:
1NESDC (2019), 2World Bank (2018), 4Deloitte (2016)
$28,226$1,130-$5,645 $5,646-$11,290 $11,291-$16,935 $16,93z6-$28,226
Thailand GDP1
US $540.73 Billion (Thai ฿16,762 Billion)
Greater than CLMV Combined
GDP Growth 20191
Annual Growth Rate 2.4%
GDP per capita US $8,008
2nd Highest Household
Consumption in ASEAN2
US $246.11 Billion2 (Thai ฿7,629 Billon)
52 Million Middle Class Consumers3
* Exchange Rate: 31 THB to USD Source: The Economist Intelligence Unit (2016)

5. 5
Government Policy Thailand 4.0
Sources: Board of Investment (2018)
Vision and Key Actions Supporting Transformation
Agriculture Light Industry Heavy Industry /
Advanced Machinery
High Income /
Innovation Economy
• To be a Developed Economy within 20 Years
• GDP per Capita of US $15,000
• Annual Growth of 5-6%
• Competiveness Index Rank in top 20 Globally
Vision of New Thailand
• Continuity of Development
• Developing Infrastructure
• Developing Economy and Industries
• Training Workers
• Reforming Laws and Regulations
5 Key Actions
Thailand 1.0 Thailand 2.0 Thailand 3.0 Thailand 4.0

6. 6
Thailand 4.0 12 Targeted Industries
Next-Generation Automotive
Intelligent Electronics
Advanced Agriculture &
Biotechnology
Food for the Future
High-Value & Medical
Tourism
Automation & Robotics
Aviation & Logistics
Medical & Comprehensive
Healthcare
Biofuel & Biochemicals
Digital
Defense
Education & Human
Resource Development
Sources: Eastern Economic Corridor Office

7. 7
Ease of Doing Business Ranking1
Sources:
1 The World Bank, Doing Business (2020)
World Bank Ease of Doing Business 2020
• Ranked 3rd in ASEAN
• Ranked 21st Globally*
* Up 6 places since 2019 and 25 places since 2017
Key Improvement Areas by Year
Study Indicator 2017 2018 2019 2020
Starting a Business
Construction Permits
Getting Electricity
Registering Property
Getting Credit
Protecting Minority Investors
Paying Taxes
Trading Across Borders
Enforcing Contracts
Resolving Insolvency

8. 8
3rd in ASEAN
Global Competitiveness Index1
3rd in ASEAN
World Digital Competitive
Ranking2
Competitiveness Rankings
Sources:
1 World Economic Forum (2019), 2 The World Bank (2018 & 2019), 3 IMD (2019)
Reached
All-Time High Score
16th Globally of countries
with > 20 million
population
Gained 13 Positions,
Ranked 32nd of 160
Economies
2nd in ASEAN
Global Logistics Ranking3

9. 9
Memberships & Free Trade Agreements1
Source:
1 Department of Trade Negotiations (2019)
Thailand FTA partners
13 Free Trade Agreements
(FTAs)
H ghe V e FTA (2018)
ASEAN
US $90.74
Billion
China
US $65.15
Billion
Japan
US $48.73
Billion
Near tariff-free trade with 18 nations
FTA partner Trade Volumes increased 4X in 5 years

10. 10
Top 5 Highest Exports1
Motor Cars,
Parts and
Accessories
US $27,256.16
11.1%
Computers
and Parts
US $18,212.51
7.4%
Precious
Stones and
Jewellery
US $15,684.43
6.4%
Natural Rubber
Products
US $11,218.13
4.6%
Plastics
US $9,169.75
3.7%
Top 5 Major Trading Partners1
USA
US $31,324.99
China
US $29,105.60
Japan
US $24,543.16
Vietnam
US $12,104.11
Malaysia
US $11,703.98
Largest Supplier of Natural Rubber2
• Valued at US $4.1 Billion in 20191
Among Top 3 Export Bases in ASEAN
• Exports totaled US $246.24 Billion in 20191
2nd Largest Global Exporter of Rice3
• Valued at US $4.2 Billion in 20191
Global Leader of Cassava Exports4
• Exports 66.9% of global market supply4
• Value US $2.6 Billion in 20191
Trade 2019 (Import / Export)
Sources:
1Ministry of Commerce (2019), 2 MICE Intelligence Center (2019), 3Statistica (2019), 4Tridge (2018)
Note: US $ Million, Exchange Rate THB to US $ = 31

11. 11
$3
$8
$13
$-
$2
$4
$6
$8
$10
$12
$14
2016 2017 2018
InUS$Billions
FDI Net Inflow
Foreign Direct Investment Inflow
Source:
1World Bank (2018), 2Bangkok Post (2019), 3 Board of Investment (2019)
Thailand FDI Inflow
US $83.6 Billion Invested 2010-20181
FDI Trend Since Revised Regulations
69% Increase in FDI Applications2 2018-2019
Top FDI Nations 20193
Japan
US $1.9 Billion
China
US $1.4 Billion
Switzerland
US $382 Million

12. 12
Foreign Direct Investment Inflow
FDI projects submitted for promotion classified by major industry in 20191
Targeted Industries No. of Projects Investment
Electrical & Electronics 140 $2,465.38
Automotive & Parts 101 $2,205.09
Petrochemicals & Chemicals 60 $589.03
Tourism 15 $440.64
Agriculture & Food Processing 71 $366.87
Digital 134 $260.38
Biotechnology 7 $186.01
Medical 13 $78.17
Automation and Robotics 7 $26.37
Aerospace 2 $17.13
Total 550 $6,635.08
Million USD
Source:
1 Thailand Board of Investment (1 USD = 31.81 THB)

13. 13
Foreign Direct Investment from North America
Source:
1,2 Thailand Board of Investment (1 USD = 31.81 THB)
Net Application1
Million USD
U.S. Investment Projects submitted for promotion
classified by sector in 20192
USA Canada
2017
No. of Projects 31 13
Investment $622.47 $9.65
2018
No. of Projects 36 4
Investment $10,477.70 $6.82
2019
No. of Projects 34 8
Investment $385.32 $59.94
2020
(Jan-Mar)
No. of Projects 6 1
Investment $4.34 $0.03
No. of
Projects
Investment
Agricultural products 4 $23.96
Minerals & Ceramics 0 $0.00
Light Industries/Textiles 1 $9.43
Metal Products & Machinery 7 $64.42
E&E products & Software 11 $174.23
Chemicals & Paper 1 $37.72
Services 10 $75.56
Total 34 $385.32
Million USD

14. 14
Automotive Auto Parts
Smart
Electronics
Petro-
chemical
Oil & Gas Bio-Based
2nd Home of International Companies

15. 15
Success Story of U.S. Companies

16. 16
Transport Infrastructure Development Strategy
Source: 1Ministry of Transport (2019), 2Thai Journal (2016) * Exchange Rate: 31 THB to USD
Intercity Rail
Network
Tracking & Facilities
Improvement
Public Transport
Network &
Services
International
Connectivity
Hub
Water Transport
Network
Air Transport
Capability
Dual Track Development
Implementation of
10 Metro Lines
Construction of
Roads & Bridges
Procurement of 3,183
NGV Buses and Depots
Accessibility to Agriculture &
Tourist Areas
Inland Port Development
Coastal Port Development
Airport Capacity Expansion
Enhancement in Air Traffic
Management CapabilityConnectivity Between Hub &
Key Production Bases
Connectivity between
Gateways
Promoting Seamless
Multi-Modal Transport
Increased Fleet Utilization
Air Transport
Industrial Park
Human Resource
Development
110 Projects: Investment Cost
THB 1.91 Billion2 (US $61.7 Billion )

17. 17
Railway Expansion
Sources:
1Bangkok Post (2019), 2Bangkok Post (2017), 3Ministry of Transport (n.d.)
220 KM High Speed Rail1
160,000 Passenger trips per Day Forecast2
Links 3 Primary Airports
Suvarnabhumi (BKK)
Don Mueang (DMK)
U-Tapao (UTP)
Dual Track Rail Lines
251 KM to 3840 KM by 20263
Seamless Integration with Seaports

18. 18
Highways & Roads
Sources:
1 Office of Transport (2018), 2Foreign Affairs Division Office of the Permanent Secretary Ministry of Interior (2019), 3Bangkok Post (2016)
Current Statistics1
Expressway 207.90 KM Highway 66,940 KM
Provincial Road 352,157 KM Rural Roads 47,916 KM
Highway Expansion Projects (21 Routes)
6,612 KM Expansion Planned by 2036
Overland Border Crossings2
42 Permanent Checkpoints
Laos PDR - 20 Malaysia - 9
Cambodia - 7 Myanmar - 6
51 Border Trade Checkpoints
Enabling Cross Border Trade / Overland Transport

19. 19
Shipping & Logistics
Sources:
1 Eastern Economic Corridor Office (2019), 2 Lloyds (2019). 3Laem Chabang Port (2011)
Map Ta Phut1
• New Liquid and Natural Gas Terminals
• Channel Deepening
• Construction of Industrial Power
Sources
• Improvements in Ship Traffic Control
System
Laem Chabang
• 4th Busiest Seaport in ASEAN2
• Capacity 8 Million TEU in 2018 to 18
Million 20231
• Support for Super-Post Panamax Ships3
Connected via
Double Track1
Railway and
4-lane Thruway

20. 20
Air Transport
Sources:
1 Department of Airports (2019), 2 Airports of Thailand (2019), 3FlightsFrom (2020), 4Skytrax(2019), 5Office of Transport (2019)
Airport Statistics
12 International1
26 Domestic2
142 Million Annual Passengers
Suvarnabhumi Airport
3rd Busiest in ASEAN3
Ranked 3rd in ASEAN by Skytrax4
Expansion Project5
Doubles Capacity - 50 to 100 Million
Enlarges Terminals
Adds Runway
Linked via High Speed Rail
Completion in 2026

21. 21
Digital Connectivity
Sources:
1 Submarine Cable Map (2019), 2IEEE Communications Society (2018), 3CAC Telecom (2018)
High Bandwidth
Submarine Cables1
1. Malaysia-Cambodia-Thailand (MCT)
2. Asia Africa Europe-1 (AAE-1)
3. Asia Pacific Gateway (APG)
4. FLAG Europe-Asia (FEA)
5. SeaMeWe-3
6. Thailand-Indonesia-Singapore (TIS)
7. SeaMeWe-4
8. Asia-America Gateway (AAG)
Expansion Projects
9. Southeast Asia-Japan (SJC2) 20202
10. China Aviation Cloud Telecom - 20223

22. 22
Eastern Economic Corridor (EEC)

23. 23
Eastern Economic Corridor: The Prime Gateway to Asia
US $49.9 Billion Investment2 across 3 Eastern Provinces Chachoengsao, Chonburi, and Rayong
Year of Expected Operation of 5 Mega Projects
TG MRO Campus
Thai Airways International PCL
U-Tapao International Airport
Royal Thai Navy
Laem Chabang Port Phase 3
Port Authority of Thailand
The High-Speed Rail, Linking 3 Airports
State Railway of Thailand
Map Ta Phut Industrial Port Phase 3
Industrial Estate Authority of Thailand
2023
2025
Sources: Eastern Economic Corridor Office

24. 24
Eastern Economic Corridor: Promoted Zones
5 Promoted Zones for Specific Industries
Eastern Airport City (EECa)
Digital Park Thailand (EECd)
Innovation Platform (EECi)
Medical Hub (EECmd)
High-Speed Rail Ribbon Sprawl (EECh)
(Area along the high-speed railway & stations )
21 Promoted Zones for
12 Targeted Industries
1
4
2
1
4
2
3
3
Sources: Eastern Economic Corridor Office

25. 25
Easter Airport City (EECa)
• Area 1,040 Hectares at U-Tapao International Airport, Rayong
• Consists of
Passenger Terminal Building (Terminal 3)
Commercial Gateway, Cargo Village, Cargo Complex
Aviation Training Center
MRO Facilities, including TG MRO Center
Free Trade Zone for Aerospace Industry
• Targeted Industries: Aviation & Logistics, Defense
Sources: Eastern Economic Corridor Office
Eastern Economic Corridor: Promoted Zones
Digital Park Thailand (EECd)
• Area 113.28 Hectares in Si Racha District, Chonburi
• Equipped with ultra-ultra-high-speed broadband infrastructure,
international submarine cable station, satellite earth station,
world-class data center, digital innovation testbed, IoT Institutes
• Targeted Industries: Digital, Automation & Robotics

26. 26
Innovation Platform (EECi)
• Area 480 Hectares in Wangchan Valley, Rayong
• Technology and Innovation Research & Development
• Targeted Industries: Next-Generation Automotive, Intelligent
Electronics , Advanced Agriculture & Biotechnology, Food for the
Future, Automation & Robotics, Aviation & Aerospace, Biofuel &
Biochemicals, Medical Devices
Sources: Eastern Economic Corridor Office
Eastern Economic Corridor: Promoted Zones
Medical Hub (EECmd)
• Area 88.96 Hectares in Bang Lamung District, Chonburi
• P ec ed be Tha a d f ed ca h b, he e ffe
comprehensive healthcare and medical services
• Targeted Industries: High-Value & Medical Tourism, Medical &
Comprehensive Healthcare

27. 27
High-Speed Rail Ribbon Sprawl (EECh)
• Area along the high-speed rail track from Don Mueang Airport to
U-Tapao Airport, with the distance of 136.70 miles
• Consists of
Transit-Oriented Development Area (TOD), located at
Makkasan Station & Si Racha Station
Commercial Area
• Targeted Industries: Logistics & Transportation
Sources: Eastern Economic Corridor Office
Eastern Economic Corridor: Promoted Zones
21 Promoted Zones for 12 targeted industries
• Total area: 13,884 Hectares in
Chonburi (12 zones)
Rayong (8 zones)
Chachoengsao (1 zone)
• Area to accommodate new investments: 4,587 Hectares
• Targeted Industries: all 12 targeted industries

28. 28
Thailand Education
Sources:
1UNESCO (2018),2 World Education News (2018), 3QS Ranking (2020)
93.7% Literacy Rate1
3rd Most Popular Education
Destination in ASEAN2
International Degrees 1,882 to 30,000 from 1999-2018
Two of the Top 50 Universities in Asia3
Chulalongkorn University
Mahidol University
State-of-the-Art STEM Vocational Programs
Dual Vocational System
Cooperative Education
Work Integrated Learning
Talent Mobility Program

29. 29
Thailand Labor Market
Sources:
1World Bank(2018),2 CIAs World Factbook 3 Department of Employment (2020)
Total population1: ~69.43 million people
Population growth rate1: 0.3%
Median Age2: 39 years
Total Labor Force1: 38.99 million people
Labor Force Participation Rate1: 67.80%
Unemployment Rate1: 0.8%
Number of Graduates by Targeted Industries (2018)3
Number of Graduates (2018)3
160,899
214,326
89,332
116,067
0 100,000 200,000 300,000 400,000
Diploma/Vocational Certificate
Bachelor's Degree
Sciences Non-sciences
Total: 330,393
Total: 250,231
Diploma /
Vocational
Certificate
Bache
Degree
Next-Generation Automotive 36,448 1,494
Intelligent Electronics 13,653 2,711
Advanced Agri. & Biotechnology 5,218 9,123
Food for the Future 4,482 6,158
High-Value & Medical Tourism 9,459 11,289
Automation & Robotics 798 842
Aviation & Logistics 2,665 10,485
Medical & Comprehensive Healthcare 779 24,497
Biofuel & Biochemicals 302 4,942
Digital 4,174 8,134
Total in targeted industries 77,978 79,675
Other industries 172,253 250,718
Grand total 250,231 330,393

30. 30
Thailand Labor Market
Sources: 1 Department of Employment (2020)
Number of Current Students by Targeted Industries
(2019)1Number of Current Students (2019)1
675,368
476,066
312,555
984,861
0 1,000,000 2,000,000
Diploma/Vocational Certificate
Bachelor's Degree
Sciences Non-sciences
Total: 1,460,927
Total: 987,923
Diploma /
Vocational
Certificate
Bache
Degree
Next-Generation Automotive 167,464 6,468
Intelligent Electronics 51,679 9,478
Advanced Agri. & Biotechnology 28,515 32,576
Food for the Future 18,418 27,696
High-Value & Medical Tourism 40,975 50,609
Automation & Robotics 3,834 4,900
Aviation & Logistics 9,560 47,516
Medical & Comprehensive Healthcare 1,898 99,642
Biofuel & Biochemicals 824 19,445
Digital 17,441 37,869
Total in targeted industries 340,608 336,199
Other industries 647,315 1,124,728
Grand total 987,923 1,460,927
Estimate of New Labor Force in 2020 & 20211
Industry
2020 2021
Diploma /
Vocational
Certificate
Bache
Degree
Diploma /
Vocational
Certificate
Bache
Degree
Targeted
industries
44,707 43,818 45,626 47,339
Other
industries
100,944 133,649 100,591 150,437
Total 145,651 177,467 146,217 197,776

31. 31
Intellectual Property Right Protection
Source WIPO s Global Inno ation Inde
World Intellectual Property Organization
(WIPO)
• Joined WIPO since 1989
• IP Filings in 2018
• Patent: 1,685
• Trademark: 46,086 class count
• Industrial Design: 5,063 design count
43rd Thailand ranks 43rd among the 129 economies
featured in the Global Innovation Index 2019
4th Thailand ranks 4th among the 34 upper
middle-income economies

32. 32
Doing Business in Thailand as a Foreigner
Foreigner
1. Natural person not of Thai
nationality
2. Juristic person not
registered in Thailand
3. Juristic person registered in
Thailand with majority of
shareholders are (1),(2)
4. Juristic person registered in
Thailand with majority of
shareholders are (1),(2),(3)
Getting a Permission to Operate a Business
Establishing a Company
(e-Registration at www.dbd.go.th)
Reser ing J ris ic Person s Name
(Company Name)
Registering a
Company
Type of Business Organization
• Partnerships (Ordinary, Limited)
• Limited Companies
• P a e ( . C . L d.)
• P b c ( .. P c.)
• Regional & Representative Office
Foreign Business
Act
Investment
Promotion Act
U.S.-Thailand
Treaty of Amity
and Economic
Relations
Business Activities
List 1: Business not permitted to foreigners
List 2: Business permitted to foreigners under
conditions. Permission is granted by the
Cabinet
List 3: Business not yet permitted to
foreigners. Permission is granted by
Department of Business Development (DBD)
L f Ac e E g b e f BOI
Promotion (Section 1-8)
There are certain restrictions as follows:
Owning land; Exploiting land or other natural
resources; Engaging in inland transportation,
communications industries, fiduciary functions,
banking involving depository functions,
domestic trade in indigenous agricultural
products
Foreign Business
License (FBL)
Investment
Promotion
Certificate
Apply to Bureau of Foreign Business
Administration, DBD
Apply to
BOI Foreign Business
Certificate (FBC)
Commercial
Registration
Apply to Bureau of
Foreign Business
Administration, DBD
Certification
Letter
Apply to
U.S. Commercial Service,
U.S. Embassy in Bangkok
Foreign Business
Certificate (FBC)
Apply to Bureau of
Foreign Business
Administration, DBD

33. 33
Thailand Board of Investment (BOI)
Provides comprehensive
information and advice on
establishing operations
in Thailand
Coordinates between the
foreign business
community and other
public agencies
Grants Investment
Incentives
Provides Business
Support Services
for Investorsh
BOI is a government agency
under the Office of
the Prime Minister

34. BOI Incentives
Non-Tax Incentives
• 100% foreign ownership
• Permit to bring in Skilled Workers and Experts to Work
in Investment Promoted Activities
• Permission to Own Land
• Permit to Remit Money Abroad in Foreign Currency
• No Local Content Requirement
• No Export Requirements
• No Restriction on Foreign Currency
• Visa Facilitation
Tax Incentives
• Exemptions of Corporate Income Tax
• Exemptions of Import Duties on Machinery
• Exemption of Import Duties on Raw Materials used in
production for export
• Exemption of Import Duties on R&D Materials
• Double Deduction on Cost of Transportation, Electricity
and Water
• 25% Deduction on Installation or Construction of Facilities
• Exemptions of Corporate Income Tax
34

35. 35
Standard Product-Based incentive Packages
Source: Board of Investment
General List of Activities Eligible for Investment Promotion
A1 Knowledge-based activities
A2 Infrastructure activities using advanced tech.
A3 High technology activities
A4 Activities with lower technology than A1-A3
B1, B2 S g d ha d e e h gh ech.
- Activity 5.6, 7.11, 7.13, 7.14, 7.15, and 7.19
- Section 8: Technology and innovation development

36. 36
18th Floor, Chamchuri Square
Building, 319 Phayathai Road,
Pathumwan
Bangkok 10330, Thailand
Tel: 66(0)2 209 1100
Fax: 66(0)2 209 1199
Email: osos@boi.go.th
One Start One Stop Investment Center (OSOS)
Consolidating staff from
numerous investment
-related agencies
Provides comprehensive
information and advice on
establishing operation in
Thailand
1-Stop for visas & work
permits In 3 hours
Easing & speeding procedures
for new investors
Provides useful contacts
with key public and
private organizations
Assist investors with
various applications
More Convenience
Less Time
More Efficiency!

37. 37
SUBCON Thailand 2020
Source: Board of Investment
THE ASEAN S MOST IMPORTANT INDUSTRIAL SUBCONTRACTING AND BUSINESS MATCHING EXHIBITION
Date: SEPTEMBER 23 26, 2020
Venue: Bangkok International Trade & Exhibition Centre (BITEC), Bangkok, Thailand
Targeted Industries: Electrical & Electronics, Automotive, Metal & Machinery
Co-located event: INTERMACH & MTA Asia 2020 (www.intermachshow.com)
Featuring Business Match-Making Program
Offering Buyer Support Program
For further information, please visit www.subconthailand.com

38. 38
SMART VISA
Taking Thailand to New Heights with Foreign Talent and Technology
Maximum 4 years Visa
*Except Smart S
Permission to work
with no work
permits required
Fast Track Service at
International Airports
No re-entry
required
Privileges for SMART Visa

39. 39
Investment Opportunities
Life Sciences & Medical Industry

40. 40
Opportunities in Thailand s Medical Ser ice Sector
Source: Department of International Trade Promotion, Ministry of Commerce (Thailand) and Kasikorn Research
1.78
1.92
2.03
2.50
2.35
2.81
3.20
3.30
3.42
1.0
1.5
2.0
2.5
3.0
3.5
4.0
2010 2011 2012 2013 2014 2015E 2016E 2017E 2018F
• Millions of international patients travel to
Thailand every year on medical packages
• Thailand owns several world-class medical
facilities, premium healthcare services
available at highly competitive prices
• With a global reputation and attentive
service, Thailand is renowned as the
Medical tourism hub of Asia
Foreign Patients at Thai Hospitals:
2010-2018
Medical Tourism Hub of Asia
(In Million Persons)

41. 41
Thailand as A Top Destination for Medical Tourism
Source: Medical Tourism: A prescription for a healthier economy (World Travel & Tourism Council, November 2019)
Thailand currently has 68 Joint Commission International Accredited Hospitals are among
the first to receive accreditation in Asia offer a diverse range of treatments
IMF sur e indicates that Thailand is among the orld s most popular destination for healthcare treatment
.
Inbo nd medical o rism spending, % share of orld s o al
36 % 7 % 7 % 6 % 5 % 4 %
U.S.A France Turkey Belgium Jordan Costa Rica
General
examinations
Cancer
treatments
Hip
replacements
Kidney
transplants
Cardiology
testing
Balloon
dilatation
Heart
surgeries
Laser eye
surgeries
41

42. 42
Statistics of Healthcare Facilities in Thailand
Note: No Data Available for Number of Beds in 2017 and 2018, forecasted by existing data from 2011 to 2016
Source: Strategy and Planning Division, Ministry of Health, April 2020
Private Clinics
49.5%
Public Primary
Cares 46.2%
Private Hospitals
32.6%
Public Hospitals
67.4%
Secondary/
Tertiary Cares
4.3 %
Private Clinics Public Primary Cares Private Hospitals Public Hospitals
386
27,367 Healthcare Facilities
in Thailand
386 Private Hospitals with
36,183 Beds
323 326 329 343 345 349 354 386
33,608 33,571
34,319
34,664
34,986
35,273
35,631
36,182
32,000
33,000
34,000
35,000
36,000
37,000
280
300
320
340
360
380
400
2012 2013 2014 2015 2016 2017 2018 2019
Hospitals Beds*
Note: Type of Healthcare Providers
is categorized under Geographic
Information System (GIS) under
Ministry of Health
Source: Strategy and Planning Division, Ministry of Health, April 2020

43. 43
Opportunities in Thailand s Medical De ice Sector
Thailand s Medical E por : 2015-2019 Export Destination of Thai Medical Device
Unit: Million USD
Exports of medical devices has grown at a compound annual
growth rate (CAGR) of 3.52% over the past five years.
2,812.23
2,937.82
3,112.03
3,272.58
3,229.82
2,500.00
2,600.00
2,700.00
2,800.00
2,900.00
3,000.00
3,100.00
3,200.00
3,300.00
3,400.00
2015 2016 2017 2018 2019
Source: Medical Intelligence Unit (2019)
957.88
398.51
235.43202.11
1,435.85
United States of America Japan Netherlands Germany Others
Unit: Million USD

44. 45
BOI Investment Incentives
Eligible Activities Incentives
CIT
Exemption
3.11 Manufacture of medical devices or parts
3.11.1 High-risk, high-technology medical devices
- with R&D and innovation
- without R&D and innovation
3.11.2 Other medical devices (except for products made of
fabrics & fibers)
3.11.3 Manufacture of medical devices made of fabrics or
fibers
A1
A2
A3
A4
8 y (no cap)
8 y
5 y
3 y
6.10 Manufacture of medicines
6.10.1 Manufacture of targeted medicines
6.10.2 Manufacture of conventional and traditional
medicine
A2
A3
8 y
5 y
7.28 Medical services
7.28.1 Traditional Thai medical public services
7.28.2 Specialty medical centers
7.28.3 Hospitals
A3
A2
A2
5 y
8 y
8 y

45. 46
Investment Opportunities
Digital Industry

46. Source: Ookla (2020), Cloudscene (2020), National Electronics and Computer Technology Center (2020), Office
of The National Broadcasting and Telecommunications Commission (2020), Board of Investment (2019)
* Estimated value
Economic cluster for the
digital industry located in
the Eastern Economic
Corridor (EEC)
U a h gh eed
broadband infrastructure
I e a a b a e
cable station
Da a ce e
Digital Cluster
4th
Worlds fastest fixed
broadband speeds
in March 2020
Up 23 places in
1 year
> 48%
Household
Broadband
penetration in 2020*
Up from only 16%
in 2010
28 Data Centers
Nationwide in 2020
24
Internet Service
Providers
47
Digital Infrastructure

47. Thai Digital Industry Overview
4

48. Digital Industry Workforce
15
Thai Digital Workforce Salaries
(USD per Month)
Database Administrator US $536-$788
Mobile Developer US $914 - $1,523
Data Scientist / Data Engineer US $1,104 - $1,261
Senior Programmer US $1,676 - $2,188
31,400 70,000
Workers in ICT 2018 Students in ICT 2018
Source: Thai Board of Investments (2019)

49. 50
BOI Investment Incentives
Eligible Activities Incentives
CIT
Exemption
5.6 Electronic Design
5.6.1 Microelectronic design
5.6.2 Embedded system design
A1
A1
8 y (no cap)
8 y (no cap)
5.7 Software
5.7.1 Embedded Software
5.7.2 Enterprise Software and/or Digital Content
5.7.3 High Value-added Software
A1
A3
A1
8 y (no cap)
5 y (no cap)
8 y (no cap)
5.8 E-commerce B2 -
5.9 Digital Services
- Software platform
- Managed service
- Digital architecture design service
- Digital services such as FinTech, DigiTech, MedTech,
AgriTech, etc.
A3 5 y
7.9.2.3 Data Center
7.9.24 Innovation Incubation Center
7.10 Cloud service
A1
A1
A1
8 y (no cap)
8 y (no cap)
8 y (no cap)

50. 51
THANK
YOU

51. For More
Information
Thailand Board of Investment
New York Office
250 Greenwich St., FL 34, New York, NY 10007
(+1) 212.422.9009
(+1) 212.422.9119
nyc@boi.go.th
www.boi.go.th
www.thinkasiainvestthailand.com