Thailand ended 2014 with a record high number of investment applications, totaling $31 billion, from foreign investors. Of the total number of applications, 74 projects were submitted by companies, including Ford Motor Co., General Motors and Seagate Technology.

To continue the success, the government announced in February, a seven-year investment strategy, which includes a mix of non-tax, merit-based incentives and tax benefits. It will also remove zoning restrictions for foreign investors.

Thailand’s economy is well known for its ability to withstand all negative impacts.  A few years back we had a severe flood that damaged the manufacturing industry. We were struggling for a while and was able to continue doing business.  Last year, despite the domestic unrest and global economic crisis, the Board of Investment, a government economic agency, received a new record of applications in almost 50 years, an increase of 73% from 2013.

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