Thailand moves up 20 ranks to 26th on World Bank's Ease of Doing Business 2018

BANGKOK, Nov. 1, 2017 /PRNewswire/ -- Thailand's ranking on the World Bank's Ease of Doing Business 2018 index moved up to 26^th from 46^th last year from 190 countries worldwide. This brought Thailand to the top three in ASEAN.

According to World Bank's Ease of Doing Business 2018, Thailand made significant improvement in six areas, including starting a new business, getting electricity, getting credit, protection of minor investors, tax payment and enforcing contracts.

Ms. Duangjai Asawachintachit, Secretary General of the Board of Investment (BOI) welcomed this report. "Thailand has implemented many measures and projects to improve business environment, including amendment of related laws and introduction of e-Services. This latest survey results have clearly reflected Thailand's continuous efforts in making Thailand one of the most preferred investment destination in Asia."

Being right in the heart of Southeast Asia, Thailand has long been a major destination for foreign direct investment and a regional production hub for many products such as automobiles, food and electronics.

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For more information, please contact
Raweechay Atthakhosolsuradi
Tel. +66 (0) 2553 8111 Ext. 6932
[email protected]
or visit www.boi.go.th

SOURCE Thailand Board of Investment (BOI)