investing in Thailand, especially in data centers and the development of labor skills. The minister also praised the company's development of various technologies, which can be used to develop Thailand's technology infrastructure, such as 5G, AI, Robotics, and Green Energy Systems that support the BCG policy and carbon neutrality. (From the Royal Thai Government release dated March 11, 2025)...

News  Updated at: 2025/03/12

arbon neutrality. Items on the agenda include dealing with industrial waste, using ammonia as an alternative to fossil fuel, and recycling EVs, fluorescent lamps and solar panels. The Thai delegation will also visit Kitakyushu Eco-Town to study resource management under the Bio, Circular and Green (BCG) economy model. (From Thailand's Industry Minister release and an article of The Nation on July 22, 2024)...

News  Updated at: 2024/07/26

ounced that applications for investment promotion in 2023 hit a 5-year high of THB 848.3 billion in combined value (around USD 24 billion), up 43% from the 2022’s adjusted number. According to the BOI, automotive and parts industry recorded THB 82.28 billion of investment. The 5 priority sectors (BCG, EV, smart electronics, digital, and creative) attracted 759 applications, worth a combined THB 492.5 billion of investment. In 2023, foreign inve...

News  Updated at: 2024/02/07

Running from November 9-12 in Bangkok, the event was held by the Thai Ministry of Energy, TSAST, Council for the Promotion of International Trade Shanghai (CCPIT), and Chinese Academy of Sciences, Innovation Cooperation Center Bangkok (CAS-ICCB), with the aim to support Bio-Circular-Green Economy (BCG Economy) and China’s “Belt and Road Initiative”. (From MG Cars Thailand press release on November 9, 2023)...

News  Updated at: 2023/11/13

ear investment promotion strategy that became effective in January 2023. The adjusted strategy places 5 strategic industries and activities at the core of the investment promotion policy for the next 4 years (2024–2027), while offering them special investment incentives. The 5 industries are (i) BCG, for Bio-Circular-Green (including clean energy) (ii) Automotive, especially EV, covering the manufacturing of cars and the related supply chain f...

News  Updated at: 2023/10/12

Minister was reported by the Board of Investment (BoI) on an increase of investment in the target industries during the past 3 years (2020-2022).Applications for investment received from global corporations in the target industries, especially next-generation automotive, smart electronics, digital, BCG, and creative industry during the past 3 years accounted for 2,687 projects, worth over THB 600 billion.The investment applications related to EV ...

News  Updated at: 2023/03/08

p, the BOI had a chance to meet with executives from various companies, including Amazon Web Services, Google, Microsoft and Western Digital, about investing and expanding their businesses in Thailand. The BOI also aims to promote the EV industry and businesses relating to bio-, circular and green (BCG) economic development. Many U.S. firms are also keen on various issues concerning investment in Thailand. The Thai government was asked about the ...

News  Updated at: 2023/02/09

pes of the right-hand drive version of the Aiways U5 SUV were put on display. The locally made RHD version will not only be limited to the Thai market. With over 400 hectares of land space for the vehicle assembly plant and battery assembly plant situated in the first vertical co-creation estate on BCG, Bio Hub Asia, the first phase of construction is scheduled to be completed by 2023, allowing the first vehicle to be made. A pilot series of 600 ...

News  Updated at: 2022/12/06

ergy, environment, logistics, infrastructure management, smart city, and sustainability sectors. The Forum intended to reinforce bilateral relations and investment opportunities in both countries’ private sectors. The special forum staged presentations on 2 key topics: “Transport & Mobility and BCG”, and “decarbonisation and Smart City”. In attendance were top government officials, industry leaders, and business personnel from both the ...

News  Updated at: 2022/07/05

nd's Office of Industrial Economics (OIE) stated that the region’s auto industry should seize the momentum and push ahead with its net zero and low emission commitment to contribute to economic recovery and address global environmental concerns, which is in accordance with the bio-circular-green (BCG) economy model as part of APEC 2022 priorities. While EVs have been the go-to solution for the auto industry to achieve a net zero or low-carbon f...

News  Updated at: 2022/05/19

, Trade & Industry of Japan (METI), which witnessed both countries’ commitment to enhance bilateral cooperation and to promote new Japanese investment in Thailand in areas such as energy, electrified vehicles and EV batteries as well as to strengthen the supply chain in accordance with Thailand's BCG economic model policy and Japan's Green Growth Strategy.The Japan trip from April 19-23 was aimed at continuing the “co-creation initiative” b...

News  Updated at: 2022/04/26

land Board of Investment (BOI) has signed a Memorandum of Cooperation (MOC) with Japan External Trade Organization (JETRO) with the aim to further promote investment from Japanese firms in Thailand and the development of more resilient supply chains in industry sectors including Bio-Circular-Green (BCG) activities.BoI said this MOC capitalizing on the broad convergence existing between Japan’s Green Growth Strategy and Thailand’s BCG agenda w...

News  Updated at: 2022/03/04

Schneider sees growth opportunities in digital tech investment in Thailand Reported on March 1, 2022, a global energy management and automation specialist Schneider Electric commented that the bio-, circular and green (BCG) economic model, EV incentives, cloud investment, and decarbonization are driving growth of digital tech investment in Thailand. The company is convinced that electricity is the most efficient energy, said Schneider's cluster p...

News  Updated at: 2022/03/02

I) saw combined value of foreign and local applications for investment promotion in 2021 of THB 642.7 billion (around USD 19.5 billion), up 59% YoY, boosted mainly by foreign direct investments (FDI) in tech sectors and a continued increase in the value and number of projects in Bio-Circular-Green (BCG) industries, as well as the continued buildup of the power generation sector. Overall, the 12 target sectors attracted a combined value of THB 340...

News  Updated at: 2022/02/08

MoC between BoI and JETRO set to boost Japanese investments in Thailand On January 13, 2022, Thailand Board of Investment (BoI) and the Japan External Trade Organization (JETRO) signed a Memorandum of Cooperation (MoC) to further promote investment from Japanese firms in Thailand and develop more resilient supply chains in industry sectors including Bio-Circular-Green (BCG) activities. The MOC also aims to ensure the dissemination of information ...

News  Updated at: 2022/01/25

interested in using Thailand as a regional production base, focusing more on electrified vehicles. The minister recently got a courtesy call by the U.S. ambassador to Thailand to discuss trade and investment. The U.S. firms are also interested in investment and supporting the bio-, circular, green (BCG) economic development model of Thailand, especially as it hosts the Asia-Pacific Economic Cooperation meeting in 2022 at which BCG is included as ...

News  Updated at: 2021/12/17

cles, as well as production, and the use and storage of renewable energy, according to their memorandum of understanding. The use of hydrogen fuel in the industrial estate will also be demonstrated. The Carbon Neutral Industrial Estate is also in line with the government's bio-, circular and green (BCG) economic model, which promotes wise use of resources with minimal or no impact on the environment. Among the clean energy targeted in the study i...

News  Updated at: 2021/11/12

would be higher if they did nothing. The government was also working on a long-term strategy to achieve net-zero emissions with the energy and transport sectors being the focus of the lower carbon emissions campaign. Besides, the government was placing an emphasis on the Bio-Circular-Green Economy (BCG) Model which was built upon the Sufficiency Economy as a way to help tackle climate change.The Ministry of Natural Resources and Environment and t...

News  Updated at: 2021/10/14

ok appointments to negotiate business online. The platform also offers other types of business networking activities including live streaming buyers and supplier presentations, a series of webinars about topics of interest such as the EV sector which would be a key sector to respond to the national BCG economic model, the use of innovative prototypes in positioning and navigation satellite systems (GNSS), and about the investment trends in the CL...

News  Updated at: 2021/09/02

Thailand Sammitr Group wins BoI privileges to make BEVs in Phetchaburi Province On June 17, 2020, Thailand Board of Investment (BOI) approved five large-scale projects with a total investment value of THB 41.8 billion (USD 1.35 billion) and measures to strengthen the country’s agricultural sector and agro-industry in line with the BCG (Bioeconomy, Circular Economy, and Green Economy) model, aiming to encourage the development and adoption of te...

News  Updated at: 2020/06/18