Kingdom must act now to woo post-Covid investors: Viboon

Industrial park operator Amata wants the government to stabilise the economy by launching a new measure to woo international investors and spending Bt1.9 trillion on recovery.

Viboon Kromadit, founder and executive director of Amata Corp PCL, warned Covid-19 would affect investments and change global production, since some countries would control the situation better than others.

Production bases and foreign direct investment would shift towards countries whose governments were stable and offering investment enhancing measures.

“Even though Thailand has a geographical advantage, our labour welfare and the government’s measures are still unclear. Indonesia, Vietnam, Laos and Myanmar will be better choices for investors,” Viboon warned.

“So Thailand has to amend its benefits.”

He said that the government also needed to stimulate domestic consumption by injecting Bt1.9 trillion into the system to elevate incomes in the agricultural sector.

Amata is implementing its own pandemic-response plan at its Amata Nakorn Industrial Estate in Chonburi and Amata City Industrial Estate in Rayong, which are located on 14,000 rai.

The company is inviting new investment either for purchase or rental as it remains committed to long-term investment at Amata’s industrial estates.

Amata shrugged off the slowdown of investment during the Covid-19 crisis, saying it was similar to the low season period in the first and second quarters that the company experiences every year.