Thailand’s BOI and SET collaborate to attract global firms, promote high-tech industries, and boost long-term economic growth
Narit Therdsteerasukdi, Secretary-General of the Board of Investment (BOI), announced on August 15 that the BOI held discussions with Asadej Kongsiri, Director and President of the Stock Exchange of Thailand (SET), along with senior executives, to enhance cooperation in steering Thailand towards a “new economy” driven by technology, innovation, competitiveness, and sustainability.
The BOI and SET agreed to utilize their respective tools to advance two main strategies:
- Encouraging multinational companies with operations in Thailand—promoted by BOI incentives—to list on the Thai stock exchange.
- Supporting current listed companies to invest in value-added projects, improve production efficiency, and pursue sustainable growth, with joint support from both BOI and SET.
The pilot efforts will focus on three high-tech sectors that have attracted significant foreign investment over the past two years: smart electronics and electrical appliances, electric vehicles (EVs), and digital industries.
Successful examples such as Delta Electronics (Thailand) PCL and Cal-Comp Electronics (Thailand) PCL already showcase active participation in the Thai stock market. The SET will assist listed firms with growth strategy, investor relations, and corporate visibility through its “JUMP+” program. Concurrently, the BOI will provide tax incentives via its Smart and Sustainable Industry measures to support efficiency upgrades and sustainability projects. A fast-track process will also be available for companies wishing to participate in both initiatives simultaneously.
Narut emphasized the importance of strengthening Thai businesses and the economy amid global uncertainty. He highlighted the need to support existing companies to enhance competitiveness and sustainability, while also promoting high-tech industries as drivers of long-term growth. The BOI and SET aim to create a comprehensive environment for leading firms—spanning production, R&D, regional offices, and expansion into capital markets—through close collaboration.