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00:56
Chinese investments help fuel Thailand's industrial transformation: Thai official
STORY: Chinese investments help fuel Thailand's industrial transformation: Thai official
SHOOTING TIME: Jan. 13, 2025
DATELINE: Feb. 8, 2025
LENGTH: 00:00:56
LOCATION: Bangkok
CATEGORY: POLITICS/ECONOMY
SHOTLIST:
1. various of Thailand
2. SOUNDBITE (Thai): NARIT THERDSTEERASUKDI, Secretary General of the Thailand Board of Investment (BOI)
STORYLINE:
Chinese investments have played a crucial role in reshaping Thailand's industrial landscape, driving growth in key sectors aligned with the nation's strategic goals, said the head of the Thailand Board of Investment (BOI).
In a recent interview with Xinhua, BOI Secretary General Narit Therdsteerasukdi highlighted China's transformative role as a major foreign investor in Thailand's target industries, such as electronics, smart appliances and digital data centers, with the automotive sector leading the charge.
SOUNDBITE (Thai): NARIT THERDSTEERASUKDI, Secretary General of the Thailand Board of Investment (BOI)
"We're truly grateful that China has decided to make Thailand a production base (of EV).
This has actively promoted the entire ecosystem and supply chain in Thailand. All these factors contribute to the more rapid and prosperous development of Thailand's automotive industry. I'm convinced that in the future,
China will continue to play a very important role in Thailand's electric vehicle sector."
Narit noted that over the past three years, Thailand has successfully transitioned from an electric vehicle (EV) importer to a producer, thanks in large part to Chinese investments and the Thai government's support measures.
The government's policies have incentivized automakers to establish EV manufacturing bases in Thailand while fostering the development of a complete supply chain. This includes promoting charging stations, facilitating EV component production and supporting battery manufacturing.
As 2025 marks the 50th anniversary of Thailand-China diplomatic relations, Narit expressed optimism about strengthening investment ties through joint initiatives and promotional events.
Xinhua News Agency correspondents reporting from Bangkok.
(XHTV)
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