SCB has continued to increase its loan portfolio of Chinese businesses investing in Thailand.
China’s foreign direct investment (FDI) in Thailand is expected to increase significantly over the next few years as Chinese investors are planning to expand their local footprint, says a survey by Siam Commercial Bank (SCB).
But Thailand needs to improve competitiveness and productivity to attract FDI, said the bank’s economic intelligence unit.
The survey is based on responses from 170 Chinese investors who are involved with FDI-related businesses.
Some 61% of respondents are Chinese investors investing and doing business in Thailand, said Manop Sangiambut, chief financial officer and first executive vice-president.
Meanwhile, 66% of 170 respondents said they plan to increase investment in Thailand over the…
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