Contents:
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- Thailand’s attractive incentives for regional head offices
- The Thai Logistics Boom
- “Job Ready” with Stamford University Thailand
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Thailand offering massive funding for regional head offices
The International Headquarter and International Trading Center aim to turn Thailand into the hub of ASEAN
The Thai government hopes to increase the country’s status as a hub via new incentives for International Headquarters and Trading Centers. The funding program offers tax incentives, such as exemptions similar to the system used in Hong Kong system, as well as affordable flat-rate taxation for foreign managers. The promotion effort also includes an easing of the requirements for visa and work permits.
The program represents not only another important pillar of the investment promotion of ten select industry clusters (Thailand 4.0), but also the establishment of five special economic zones in the region via the industrial profiling of the Eastern Economic Corridor (EEC). The Thailand Board of Investment (BOI), with officials particularly known for their efficiency when it comes to promoting the Thai economy, oversees the examination and administration of these benefits.
Such a business plan is especially suitable for European companies with other Southeast Asian countries such as Indonesia, Malaysia, Vietnam, or Singapore as part of their corporate strategy.
For more information on the structuring or establishment of an International Headquarter or International Trading Center, contact us at info@sanet.co.th.
The Thai Logistics Boom
Growth stimuli from the sectors of export and e-commerce
The logistics branch in Thailand is still booming, growing twice as fast as the Thai GDP. Experts estimate sales to reach 100 billion USD by as early as 2020.
Significant impulses for this growth are coming predominantly from the strength of Thailand’s export industry, but the expansion of the e-commerce sector is also playing an ever-increasing role. The government is set to invest 32 billion USD over the coming years in projects designed to promote the development of logistics and infrastructure in the Eastern Economic Corridor (EEC).
For Thailand’s export industry, in which numerous European companies play an important role, this will mean a further reduction in logistics costs, better connections to the core markets of Southeast Asia and China, once more confirming Thailand as an ideal production location choice for international companies.
Thailand is on its way of establishing itself as the second main logistics hub in Southeast Asia
next to Singapore
“Job-Ready” with Stamford International University
Thai University has an industry-focused education approach
Stamford University in Thailand, one of the kingdom’s younger universities, has students who come from more than 100 countries worldwide. It is a source of great pride that foreign students make up 40% of the approximately 4000 hours of current attendance at the Bangkok and Hua Hin campuses, and also that the the University has achieved a faculty consisting of 70% international staff. Stamford rightly sees itself as a “truly international” University and has earned this distinction through more than just holding English-language lectures and seminars.
The faculties’ members, who are dynamic and often young, are especially proud that Stamford produces “job-ready” graduates. Worldwide, students, as well as industry managers, complain that an increasing amount of academic knowledge lacks relevance to practical professional life. As a result, it is particularly difficult for young graduates to enter the workforce and quickly advance in a career.
Faculty members, industry representatives and service providers discussed the joint promotion of practical training at the Grand Sheraton Sukhumvit Bangkok
The internationally renowned university has resolved to change this, and this vision is reflected in the vibrant life on campus. Trimesters, instead of semesters, accelerate studies, with 480 internship hours included in regular studies.
With the Industry Advisory Board, Sawitree Santipiriyapon, Director of Career and Employability, has created another instrument for ensuring the practical relevance of Stamford’s education. Well-known industrial companies, such as Loxley, Google, Index, BMW or Sri Thai Superware, belong to the fixed base of companies cooperating with Stamford, as well as service providers such as Foodpanda or the consulting firms PWC and Sanet. They all support the faculties through guest lectures, internships, and workshops.
The Director of the Stamford International Business Management Program, Dr. Diana Martinez, discusses the opportunities and challenges faced by young graduates in international consulting with Sanet President,
Dr. Gunter Denk