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| Survey Shows Japanese Investors Still Confident in Thailand |
| UPDATE : 30 July 2010 |
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The Japan External Trade Organization president said Japanese investors remain confident in Thailand and have no intention of withdrawing their investment.
However, he added the Map Ta Phut impasse and political instability may hurt confidence of investors in the long run.
The Bangkok office of JETRO, a Japanese government-related organization that promotes trade and investment, published a survey on firms co-owned by Thai and Japanese investors in Thailand.
According to the survey, during the first half of this year, 75 percent of 375 firms saw better performance and are hopeful that their businesses will continue to expand in the second half of the year.
Bangkok JETRO President Munenori Yamada said although the political violence in May is a major risk factor, 67 percent of investors said it has limited impact on the overall economy and does not deter investment in Thailand.
According to the survey, Japanese investors take the Map Ta Phut conflict more seriously as it has been going on for a long time.
They urged the Thai government to solve it as soon as possible as it is a major factor in investment decision.
Japanese investors urged the Thai government to develop and amend regulations on customs and tax to encourage more foreign investors to invest in Thailand.
The JETRO president said export is on the rise with India and ASEAN countries as main markets.
Export to Europe, however, is slowing due to the ongoing debt crisis which has resulted in a psychological effect on consumers there.
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