BANGKOK, Dec 13 (TNA) — Finance Minister Uttama Savanayana insisted that foreign investors, especially those in the automotive industry, are ready to invest in Thailand and the government is supporting them.
The minister sent his message while opening the Thailand Smart Money fair. He said that the Thai economy had been strong and Thailand’s credit rating was positive.
Many foreign car manufacturers were ready to expand their investment because they were aware that Thailand was comprehensively promising including its financial status and development roadmap. Thai people and investors should have confidence regarding the positive stance of the foreigners, Mr Uttama said.
He assured that the ministries of finance, industry and energy would be supporting the automobile manufacturers that wanted to increase their investment because the expansion would benefit many related industries.
Mr Uttama acknowledged the private sector’s proposal for used car fees to prompt motorists to buy new cars. He said the government would consider it but would however have to protect people from trouble.
The finance minister also said that the government decided to implement its five-year investment projects to start next year in order to accelerate the spending of 20% of its present investment budget. The investment would focus on industries, human resources development and information technology, he said. (TNA)
