BOI s Investment Policies for Thailand 4.0

Size: px
Start display at page:

Download "BOI s Investment Policies for Thailand 4.0"

Transcription

1 BOI s Investment Policies for Thailand 4.0 Pannee Chengsuttha Executive Investment Advisor Thailand Board of Investment 7 June 2018

2 Outline Why Thailand Thailand 4.0 Introducing BOI Current Investment Promotion Policy Investment Incentives in the EEC BOI Services +

3 1 Why Thailand

4 Thailand s Competitiveness 20% Corporate Income Tax THAILAND Low Cost of Living Low Cost Office Space Well-Equipped Industrial Estates Well- developed Infrastructure Source: Compiled from Ministry of Commerce, Center for Economic and Business Forecasting (UTCC), Ministry of Finance and Thailand Board of Investment

5 Thailand Ranks High in International Surveys Thailand was ranked at 3rd for Ease of doing business among ASEAN countries and 26th globally in Country Rank Singapore 1 Malaysia 2 Thailand 3 Brunei Darussalam 4 Vietnam 5 Indonesia 6 Philippines 7 Cambodia 8 Laos 9 IMD World Competitiveness ranks Thailand 27th in its global competitiveness index for 2017 Country Rank China Hong Kong 1 Singapore 3 Taiwan 14 China 18 Malaysia 24 Thailand 27 South Korea 29 Philippines 41

6 2 Thailand 4.0

7 Thailand 4.0: a Next Step for Thailand s Economy THAILAND 1.0 Low Income THAILAND 2.0 Middle Income Light Industry THAILAND 3.0 Middle-High Income Heavy Industry / Advanced Machinery THAILAND 4.0 High Income Creativity + Innovation Smart Thailand Agriculture 7

8 10 Targeted S-curve Industries 5 New S-Curve Biofuels and Biochemical Digital Economy Medical Hub Automation and Robotics 5 First S-Curve Aviation and Logistics Agricultural and Biotechnology Smart Electronics Affluent Medical and Wellness Tourism Next-Generation Automotive Food for The Future 8

9 3 Introducing BOI

10 BOI s Core Functions Enhancing Competitiveness and Investment Facilitation Offers an attractive and competitive package of tax incentives. Imposes no foreign equity restrictions on manufacturing activities or on some service. Provide assistance in the provision of visas and work permits to facilitate entry and subsequent operation for a foreign-owned business. Waives restrictions on land ownership by foreign entities. Business Support Services Provides comprehensive information and advice on establishing operations in Thailand. Arranges site visits. Identifies potential suppliers, subcontractors, joint-venture partners. Provides useful contacts with key public and private organizations. Coordinates between the foreign business community and other public agencies

11 4 Current Investment Promotion Policy

12 BOI s Investment Policy Framework Policy Tax Incentives Facilitation 100% Foreign ownership No local content requirements No export requirements No restriction on foreign currency Exemption of import duties on machinery / raw or essential materials imported for use in production for export and for R&D Corporate income tax exemption up to 13 years 50% CIT reduction within 10 years Sector-based Incentives Up to 8-yearTax holiday for targeted industries in accordance with the Seven-Year Investment Promotion Strategy ( ) Technology-based Incentives Up to 13 year Tax holiday for core technologies or R&D projects Land ownership rights Work permit & Visa facilitation

13 New Chapter of Investment Promotion Thailand 4.0 Core Technology Industrial Cluster Bio-tech Bio-Med Mechatronics Embedded Technology Service Design & Technology Agriculture & Food Health & Wellness Smart Devices & Robotics Digital & IOT Creative, Culture and High Value Services From Volume-based Capital-driven Physical capital Manufacturing Sector-based & Standard Tax Incentive Investment 4.0 Value-based To Innovation-driven Human capital High value services Whole tailored packages & negotiations Prioritizing human resources and technology Targeted Industries Technology Investment-led Transformation Enterprise Infrastructure Human Resource 13

14 BOI Investment Incentive Scheme Activity-based Bio Industries Creative & Digital Industries High Value Business & Service Advanced Manufacturing Basic & Supporting Industries Technology-based + Biotechnology Nanotechnology Advanced Material Technology Digital Technology Area-based EEC 3 provinces SEZ 10 provinces Southern Border (4 provinces, 4 districts) 20 Provinces with the Lowest per Capita Income Industrial Estates/Zones Science and Technology Parks (Science Park, Food Innopolis, Space Krenovation Park: SKP) Merit-based Research & Development (R&D) Support academic/research institutes, or technology and human resource development funds IP licensing fee Advanced technology training Development of Local suppliers Product and packaging design Productivity Enhancement MAI Listing Support Agenda-based

15 Activity-based Incentives Incentives are largely based on several key factors i.e. level of technology, role in supply chain Bio-based & Medical Advanced Manufacturing Basic & Supporting High Value Business & Service Creative & Digital A1 A2 A3 A4 B1 B2 Incentives 8 years CIT exemption 0 year

16 Dashboard of Activity-Based Basic Incentives A1 A2 A3 A4 B1 B2 Exemption of Corporate Income Tax 8 years (w/ Cap) + Merit 8 years + Merit 5 years + Merit 3 years + Merit 0 year + Merit* - Exemption of Import Duty on Machinery - Exemption of import duty on raw material imported for use in production for export * Tax exemption will depend on the investment amount/ expenditure for enhancing competitiveness Non-tax

17 Technology-Based Incentives (1/2) Additional incentives for investment in the development of Core Technologies in which Thailand has potential to enhance the country s overall competitiveness and industries. Projects must be engaged in technology transfer by cooperating with educational/research institutions as stipulated by the Board, e.g. Technology Research Consortium CIT Exemption for 10 years + Merit (1-3 years) = Maximum of 13 years Targeted Core Technologies Biotechnology Nanotechnology Advanced Material Technology Digital Technology Enabling Services 1. Research and Development (R&D) 2. Vocational Training Centers (only in S&T) 3. Electronics Design For 2-6, only projects that utilize advanced technology, as approved by the Board 4. Engineering Design 5. Scientific Laboratories 6. Calibration Services

18 Productivity Enhancement Measure Invest or spend in R&D / advanced engineering designs Replace or upgrade machinery for energy conservation, alternative energy utilization, reduction of environmental impacts Upgrade production line to acquire international agricultural industrial standard Replace or upgrade machinery for efficiency enhancement, e.g. Automation, Digitalization 18

19 Productivity Enhancement Measure Eligibility Applicants must be existing businesses, whether BOI or non-boi promoted (except certain businesses). - In the case of non-boi status, the company must conduct a BOI-eligible activity. - In case of BOI status, CIT exemption must have already expired or has never been granted. Minimum investment of 1 million Baht (excluding cost of land and working capital) or 0.5 million for SMEs Incentives Exemption of import duties for machinery 3-year CIT exemption on the revenue of an existing project with the total tax exemption amount capped at 50% of investment in productivity enhancement (In case of investment in automation, the cap will be raised to 100% if minimum 30% local industrial linkages are reached.) Corporate income tax exemption period starts from the date of investment promotion certificate. Requirements Investment must be completed within 3 years from the date the promotion certificate is issued. Required KPIs include such productivity indicators as reduced unit direct costs, reduced processing time, reduced waste and reduced cycle time. Applications must be submitted by the end of

20 List of Activities Eligible for Promotion Agriculture and Agricultural Products Mineral, Ceramics and Basic Metals Light Industry Metal Products, Machinery and Transport Equipment Electronic and Electrical Appliances Industry Chemicals, Plastics and Paper Services and Public Utilities Technology and Innovation Development

21 5 Investment Incentives in the EEC

22 Enhancing Investment in the EEC Application deadline for 30 th December Must collaborate with education and research institutions to develop technology or personnel. Area 1. Area to encourage specialist businesses such as area of innovation for specialist economy (Eastern Economic Corridor of Innovation: EECi), area to encourage industry growth and digital innovation (Digital Park Thailand: EECd), Cities for Eastern Thailand Flights (EEC Aerotropolis: EEC-A) 2. Area to enhance business industry targets Currently 21 Industrial Estates. 3. Estates/industrial area within EEC including areas which the EEC committee has not announced as enhanced areas, according to provision 2. Please note: Businesses which benefit from this measure cannot receive further benefits from project 3, in which a business is established in a development area. 22

23 Investment Promotion Scheme for the EEC Targeted Industries in the EEC Promoted Zones for Specific Industries Targeted Industries: Additional 2 years of CIT exemption (could be more than 8 years) + 50% CIT reduction for 5 years Other Industries: Additional 3 years of 50% CIT reduction Targeted Industries Activities Supporting S&T Promoted Zones for Targeted Industries Targeted Industries: Additional 5 years of 50% CIT reduction Other Industries: Additional 3 years of 50% CIT reduction Basic Infrastructure Around 118 BOI Activities Other Industrial Estates / Industrial Parks Targeted Industries in the EEC: Additional 5 years of 50% CIT reduction 23

24 Cooperation with Education Institution, Research Institution, and Centers of Excellence TM Talent Mobility Program (TM) provides collaborative researchmatching services between the public and private sector. WiL DVT Dual CoE Co-operative NEW Work Integrated Learning (WiL) Provides collaborative educational services between educational institutes and the private sector in the form of Public Private Partnerships (PPP). Vocational Training (DVT) vocational educational institutes forming agreements with private firms, to create effective curriculums, training, testing, and evaluation for students to gain practical working experiences. Education (CoE) (for gradate study, university and college) structured method of combining classroom-based education with practical work experience. provides academic credit for structured job experience. Special vocational education project in the Eastern Economic Corridor 24

25 6 BOI Services

26 BOI Offers Manifold Support Services BOI Support Services SMART VISA NEW Interaction with other govt. agencies on behalf of investors Overseas offices 1-Stop for visas & work permits: work permits in 3 hours Subcontracting Development Program by BUILD Unit Country desks

27 One Start One Stop Investment Center (OSOS) More convenience Less time More efficiency! One Start One Stop Investment Center (OSOS) 18th Floor, Chamchuri Square Building, 319 Phayathai Road, Pathumwan, Bangkok Thailand Tel

28 New Services 28

29 Smart Visa launched on February 1, 2018 Smart Electronics Next-Gen Automotive Affluent, Medical & Wellness Tourism Office of the Board of Investment Biofuels & Biochemicals Automation & Robotics Bangkok Taking Thailand to Tel. New : (+66) Heights with Fax : (+66) Foreign Talents and head@boi.go.th Website : Technology 555 Vibhavadi-Rangsit Road, Chatuchak GPS : , Food for the Future Agriculture & Biotech The Smart Visa Program is intended to attract experts, senior managers, and investors to work or invest in technology companies to help develop the 10 targeted industries which will, in turn, drive technology and innovation in Thailand. Aviation & Logistics Digital Medical Hub

30 Eligibility and Benefits of SMART Visa SMART T Eligibility Science and technology experts Salary 200,000 baht/month Employment contract with remaining validity of 1 year Employing companies being in the targeted industries Rights and Benefits Maximum 4-year visa, but not exceeding the employment contract term No work permit required for working in the endorsed companies 90-day reporting to the Immigration extended to 1 year No re-entry permit required Spouse and children granted permission to stay and work in Thailand with no work permit required SMART I Minimum direct investment of 20 million baht Investing in companies using technology in manufacturing or delivering services and being in the targeted industries Maximum 4-year visa No work permit required for working in the endorsed companies 90-day reporting to the Immigration extended to 1 year No re-entry permit required Spouse and children granted permission to stay in Thailand Spouse granted permission to work with no work permit required

31 Eligibility and Benefits of SMART Visa SMART E SMART S Eligibility Holder of Bachelor s degrees or higher with work experience 10 years Salary 200,000 baht/month Employment contract with remaining validity of 1 year High-levels executives Working for companies using technology in manufacturing or delivering services and being in the targeted industries Fixed deposit of 600,000 baht with the remaining maturity term of 1 year Health insurance Participating in an endorsed incubation, accelerator program or a similar program/or obtaining joint venture with or being endorsed by a relevant government agency Must set up a company in the targeted industries in Thailand within 1 year with at least 25% ownership or being a board member Rights and Benefits Maximum 4-year visa, but not exceeding the employment contract term No work permit required for working in the endorsed companies 90-day reporting to the Immigration extended to 1 year No re-entry permit required Spouse and children granted permission to stay in Thailand Spouse granted permission to work with no work permit 1-year visa for the first time, renewable for <2-year if requirements are met No work permit required for working in the endorsed companies or projects 90-day reporting to the Immigration extended to 1 year No re-entry permit required Spouse and children granted permission to stay in Thailand Spouse granted permission to work with no work permit

32 Where to contact Smart Visa SMART Visa Unit One-Stop Service Center for Visas and Work Permits 18th Floor, Chamchuri Square Building, 319 Phayathai Road, Pathumwan Bangkok ext

33 Where to contact BOI Office of the Board of Investment 555 Vibhavadi-Rangsit Road, Chatuchak Bangkok Thailand Tel. : (+66) Fax : (+66) head@boi.go.th Website : GPS : ,

BOI Policies and Plans for attracting Investment in 2018

BOI Policies and Plans for attracting Investment in 2018 BOI Policies and Plans for attracting Investment in 2018 Duangjai Asawachintachit Secretary General Office of the Board of Investment February 23, 2018 duangjai@boi.go.th BOI Statistics 2016-2017 2 Investment

More information

BOI Policy Update. Thailand Board of Investment. 31 st January 2018

BOI Policy Update. Thailand Board of Investment. 31 st January 2018 BOI Policy Update Thailand Board of Investment 31 st January 2018 2 1 Activity-based 2 Bio & Medical Industries Advanced Industries Basic & Supporting Industries High Value Services Creative & Digital

More information

Thailand as a Gateway to ASEAN

Thailand as a Gateway to ASEAN Thailand as a Gateway to ASEAN Dr. Ratchanee Wattanawisitporn Consul (Investment) / Director Thailand Board of Investment September 12, 2017, Graz 1 Thailand at a Glance 2 Thailand s Economic Overview

More information

Investment Promotion Measures Supporting Economic Transformation

Investment Promotion Measures Supporting Economic Transformation Investment Promotion Measures Supporting Economic Transformation Duangjai Asawachintachit Secretary General Thailand Board of Investment March 19, 2018 Focus of Current Investment Promotion Policies Technology

More information

Thailand 4.0 a new value-based economy

Thailand 4.0 a new value-based economy Thailand 4.0 a new value-based economy Bonggot Anuroj Deputy Secretary General Thailand Board of Investment Outline 1 Thailand 4.0 2 3 4 5 Current Investment Promotion Policy European Investment Trend

More information

Investment Opportunities in Thailand. Mrs. Hirunya Suchinai Secretary General Thailand Board of Investment

Investment Opportunities in Thailand. Mrs. Hirunya Suchinai Secretary General Thailand Board of Investment Investment Opportunities in Thailand Mrs. Hirunya Suchinai Secretary General Thailand Board of Investment 12 September 2017 Thailand Consistently Ranks High in International Surveys Thailand was ranked

More information

Government Incentives for Life Science Investments in Thailand

Government Incentives for Life Science Investments in Thailand Government Incentives for Life Science Investments in Thailand Advantages of doing Life Science Business in Thailand 1. Strategic Location 2. Government Supports and Incentives Ref. BOI Government Incentives

More information

Board of Investment Thailand Policies and Incentives. Ms. Vibulphan Juntarashote Sydney, Australia July 24, 2006

Board of Investment Thailand Policies and Incentives. Ms. Vibulphan Juntarashote Sydney, Australia July 24, 2006 Board of Investment Thailand Policies and Incentives Ms. Vibulphan Juntarashote Sydney, Australia July 24, 2006 Liberal Investment Regime No export requirements No foreign equity restrictions in manufacturing

More information

05/07/60. Source: NESDB

05/07/60. Source: NESDB 05/07/60 Source: NESDB 1 05/07/60 Source: NESDB Source: PDMO Source: BOT Source: MOC Source: MOTS 2 05/07/60 Source: MOC 3 05/07/60 4 05/07/60 5 05/07/60 6 05/07/60 7 05/07/60 8 05/07/60 9 05/07/60 10

More information

Thailand's Economic Factsheet

Thailand's Economic Factsheet Thailand's Economic Factsheet Economic Figures 3.2 2018 GDP Growth Forecast 2.9 NESDB 3.6-4.6 Bank of Thailand 3.9 0.9 Fiscal Policy Office 3.3-4.3 ADB 3.6 World Bank 3.6 IMF 3.5 GDP per GDP capita Growth

More information

Thailand: Creating New Growth Engines through Science, Technology and Innovation

Thailand: Creating New Growth Engines through Science, Technology and Innovation Thailand: Creating New Growth Engines through Science, Technology and Innovation Kitipong Promwong Secretary General National Science Technology and Innovation Policy Office (STI) Seeking a New Economic

More information

Thailand Taking off to New Heights

Thailand Taking off to New Heights Thailand Taking off to New Heights Kan Trakulhoon Director & Chairman of the Management Advisory Committee Mon., Mar. 19, 2018 at 10.00-12.00hr @ Royal Jubilee Ballroom, Impact Muangthongthani 1 Thailand

More information

Suggested Talking Points Thailand s Economic Outlook The Thai economy registers its greatest expansion in 5 years with a 4.8% growth in the first quarter of 2018. The overall economic expansion for the

More information

Development of Science Parks in Thailand

Development of Science Parks in Thailand Development of Science Parks in Thailand Prof. Dr. Chachanat Thebtaranonth Senior Advisor STI, TRF, NSTDA Minister of Science Advisory Group The Asia Pacific Forum on Science and Technology Parks 27-29

More information

Logistics & supply chain management

Logistics & supply chain management Logistics & supply chain management Activities Conditions Incentives 7.1.3 Container yards or inland container depots 7.1.4 Loading/unloading facilities for cargo ship Must use modern technology approved

More information

Industrialization 4.0: Challenges to Higher Education Institutions. Nopraenue S. Dhirathiti

Industrialization 4.0: Challenges to Higher Education Institutions. Nopraenue S. Dhirathiti Industrialization 4.0: Challenges to Higher Education Institutions Nopraenue S. Dhirathiti 1. Thailand s Industrialization 4.0 (Thailand 4.0) Light Industry and low wages Smart Industry, Smart City, Smart

More information

Thailand 4.0: SMEs in the Context of Thailand 4.0

Thailand 4.0: SMEs in the Context of Thailand 4.0 2016/SMEMM/010 Agenda Item: 3.1.2 Thailand 4.0: SMEs in the Context of Thailand 4.0 Purpose: Information Submitted by: Thailand 23 rd Small and Medium Enterprises Ministerial Meeting Lima, Peru 9 September

More information

Implementing Economic Policy for Innovation and Entrepreneurship: The Mexican Case. Lorenza Martinez April, 2012

Implementing Economic Policy for Innovation and Entrepreneurship: The Mexican Case. Lorenza Martinez April, 2012 Implementing Economic Policy for Innovation and Entrepreneurship: The Mexican Case Lorenza Martinez April, 2012 1 Mexican economic development strategy based on fostering productivity 1 The projections

More information

Taiwan and Los Angeles County: Growing Together

Taiwan and Los Angeles County: Growing Together Taiwan and Los Angeles County: Growing Together LAEDC/WTC-LA International Trade Outlook June 3, 2015 Ferdinando Nando Guerra International Economist and LAEDC Consultant Taiwan & Los Angeles County Overview

More information

Legal News. Deloitte Legal Representing tomorrow. Legal News Issue 16 November Inside this issue :

Legal News. Deloitte Legal Representing tomorrow. Legal News Issue 16 November Inside this issue : Deloitte Legal Representing tomorrow Inside this issue : November 2016 Conference Meeting of Juristic Person via Electronic Media BOI approves Policy to Promote Investments in Medical Industry (Medical

More information

2007 Daegu Initiative

2007 Daegu Initiative 2007/SMEWG25/009 Agenda item: 9 2007 Daegu Initiative Purpose: Information Submitted by: Korea 25 th Small and Medium Enterprises Working Group Meeting Bali, Indonesia 28-30 August 2007 2007 Daegu Initiative

More information

Directions for Tourism Bureau, MOTC Incentives for the. Promotion of Foreign Incentive Tours to Taiwan

Directions for Tourism Bureau, MOTC Incentives for the. Promotion of Foreign Incentive Tours to Taiwan Directions for Tourism Bureau, MOTC Incentives for the Promotion of Foreign Incentive Tours to Taiwan Issued under Guan-Guo Letter No.10610023711 on April 19, 2017. 1 These Directions were formulated by

More information

THAILAND SELF-ASSESSMENT REPORT & BEST PRACTICE

THAILAND SELF-ASSESSMENT REPORT & BEST PRACTICE THAILAND SELF-ASSESSMENT REPORT & BEST PRACTICE 1 Daegu Initiative First-Cycle Assessment Workshop June 7, 2010 Hong Kong, China Sonthawan Supattaraprateep National Science and Technology Development Agency

More information

Federal Budget Firmly Establishes Manufacturing as Central to Innovation and Growth Closely Mirrors CME Member Recommendations to Federal Government

Federal Budget Firmly Establishes Manufacturing as Central to Innovation and Growth Closely Mirrors CME Member Recommendations to Federal Government Federal Budget Firmly Establishes Manufacturing as Central to Innovation and Growth Closely Mirrors CME Member Recommendations to Federal Government March 22, 2017 Today the Government tabled the 2017/2018

More information

Science, Technology and Innovation for Make in India: Issues and Conditions

Science, Technology and Innovation for Make in India: Issues and Conditions Science, Technology and Innovation for Make in India: Issues and Conditions Dr. Nirmalya Bagchi Dean of Research and Management Studies Administrative Staff College of India Hyderabad nirmalya@asci.org.in

More information

Economic Vision for Malta

Economic Vision for Malta Economic Vision for Malta 2014-2020 Executive Summary & Recommendations a publication by The Malta Chamber of Commerce, Enterprise and Industry 01/An Economic Vision for Malta Opportune time to articulate

More information

Appendix 4 Sources or SMEs Support Agencies

Appendix 4 Sources or SMEs Support Agencies Appendix 4 Sources or SMEs Support Agencies Apendix 4 Sources or SMEs Supporting Agencies IV IV Appendix 4 Sources or SMEs Supporting Agencies Ministry of Commerce * Department of Business Development

More information

Smart Specialisation in the Region of Attica

Smart Specialisation in the Region of Attica Logo area Smart Specialisation in the Region of Attica Intermediate Authority of Attica Region WIRE2014 / 12-06-2014 The producer of 45% of the National GDP ATTICA IS A METROPOLITAN AREA Geopolitically

More information

Hong Kong Quality Assurance Agency Symposium May 2018 Build a Sustainable City with Innovation, Artificial Intelligence and Technology

Hong Kong Quality Assurance Agency Symposium May 2018 Build a Sustainable City with Innovation, Artificial Intelligence and Technology Hong Kong Quality Assurance Agency Symposium 2018 17 May 2018 Build a Sustainable City with Innovation, Artificial Intelligence and Technology Dr David Chung Under Secretary for Innovation & Technology

More information

Pre-Budget Submission. Canadian Chamber of Commerce

Pre-Budget Submission. Canadian Chamber of Commerce Pre-Budget Submission Canadian Chamber of Commerce Productivity is critical to the performance of Canada s economy, and to our prosperity, because increasing output per worker enables us to raise real

More information

Prosperity and Growth Strategy for Northern Ontario

Prosperity and Growth Strategy for Northern Ontario Technology Companies Communities Prosperity and Growth Strategy for Northern Ontario A plan for economic development, inclusiveness and success April 9, 2018 Prosperity and Growth Strategy for Northern

More information

Valeria FASCIONE. Regional Minister for Internationalization, Innovation and Startups Campania Region (Italy)

Valeria FASCIONE. Regional Minister for Internationalization, Innovation and Startups Campania Region (Italy) Valeria FASCIONE Regional Minister for Internationalization, Innovation and Startups Campania Region (Italy) MEETING WITH CAMBRIDGE JUDGE BUSINESS SCHOOL AND FEDERICO II UNIVERSITY OF NAPLES SEPTEMBER

More information

May 25, Prosperity and Growth Strategy for Northern Ontario

May 25, Prosperity and Growth Strategy for Northern Ontario May 25, 2017 Prosperity and Growth Strategy for Northern Ontario Content 1. Introduction....3 2. Northern Ontario Overview.... 4 3. Economic Overview..... 5 4. Challenges.....7 5. Opportunities for Growth

More information

CLUSTERING STRATEGY IN SME DEVELOPMENT : An Integral Development Supports

CLUSTERING STRATEGY IN SME DEVELOPMENT : An Integral Development Supports CLUSTERING STRATEGY IN SME DEVELOPMENT : An Integral Development Supports By: Noer Soetrisno Presented at : 2004 APEC INFORMATIZATION POLICY FORUM FOR SMALL AND MEDIUM ENTERPRISES July, 15-16, 2004 SMEs

More information

SEAMEO Initiatives: Promoting TVET Harmonisation and Internationalisation in Southeast Asia

SEAMEO Initiatives: Promoting TVET Harmonisation and Internationalisation in Southeast Asia SEAMEO Initiatives: Promoting TVET Harmonisation and Internationalisation in Southeast Asia Southeast Asian Ministers of Education Organization (SEAMEO) An intergovernmental organization promoting cooperation

More information

Second Stakeholders Workshop Brussels, 12 th June China s STI Policies and Framework Conditions

Second Stakeholders Workshop Brussels, 12 th June China s STI Policies and Framework Conditions China s STI Policies and Framework Conditions 1 Contents I. Introduction II. III. STI Policies Framework Conditions for STI in China 2 Contents I. Introduction II. III. STI Policies Framework Conditions

More information

2012/SMEMM/010 Agenda Item: 2.4. SMEWG Chair Report. Purpose: Information Submitted by: SMEWG Chair

2012/SMEMM/010 Agenda Item: 2.4. SMEWG Chair Report. Purpose: Information Submitted by: SMEWG Chair 2012/SMEMM/010 Agenda Item: 2.4 SMEWG Chair Report Purpose: Information Submitted by: SMEWG Chair 19 th Small and Medium Enterprises Ministerial Meeting St. Petersburg, Russia 2-3 August 2012 Item 2.4

More information

China Hi-Tech Fair.

China Hi-Tech Fair. China Hi-Tech Fair www.chtf.com China s No. 1 Hi-Tech Event Ministry of Commerce of the PRC Ministry of Science & Technology of the PRC Ministry of Industry and Information Technology of the PRC National

More information

How to increase national absorptive capacity for green technology

How to increase national absorptive capacity for green technology How to increase national absorptive capacity for green technology MichikoENOMOTO -UNECE- Bishkek, 7 November 2012 Some introductory questions 1. If 50 major firms with promising innovative green technologies

More information

Research and Exchange Opportunities in Mexico. Institute for Innovation and Technology Transfer

Research and Exchange Opportunities in Mexico. Institute for Innovation and Technology Transfer Research and Exchange Opportunities in Mexico Institute for Innovation and Technology Transfer Content Nuevo Leon s Innovation System Context: Economic Data of Nuevo Leon State Program in Science, Technology

More information

APEC Best Practices Guidelines on Industrial Clustering for Small and Medium Enterprises

APEC Best Practices Guidelines on Industrial Clustering for Small and Medium Enterprises APEC Best Practices Guidelines on Industrial Clustering for Small and Medium Enterprises Prepared by the APEC Symposium on Industrial Clustering for SMEs Taipei 9 March 2005 Advantages of Industrial Clustering

More information

Recent Trends on Investment Liberalization and Facilitation in Telecommunications in Thailand

Recent Trends on Investment Liberalization and Facilitation in Telecommunications in Thailand 2008/SOM3/IEG/SEM2/006 Session: I Recent Trends on Investment Liberalization and Facilitation in Telecommunications in Thailand Submitted by: Thailand Seminar on Recent Trends on Investment Liberalization

More information

Zakariah Abdul Rashid

Zakariah Abdul Rashid Malaysian Institute of Economic Research (MIER) Zakariah Abdul Rashid The views expressed in this paper/presentation are the views of the author and do not necessarily reflect the views or policies of

More information

Enhancing Competitiveness in Small Island Development States A UNIDO-Competitive Industries Partnership

Enhancing Competitiveness in Small Island Development States A UNIDO-Competitive Industries Partnership Enhancing Competitiveness in Small Island Development States A UNIDO-Competitive Industries Partnership Ivan Rossignol Chief Technical Specialist Competitive Industries Global Practice Washington, DC,

More information

INVEST. TRADE. PROSPER.

INVEST. TRADE. PROSPER. INVEST. TRADE. PROSPER. Financial Incentives that Keep on Giving: The Case for Vancouver Calgary Saskatoon Winnipeg Waterloo Region London Québec City Montréal Ottawa Toronto Halifax Financial Incentives

More information

National Empowerment Fund Presentation on BB-BEE / Transformation Seminar for Japanese Companies. 21 April 2011

National Empowerment Fund Presentation on BB-BEE / Transformation Seminar for Japanese Companies. 21 April 2011 National Empowerment Fund Presentation on BB-BEE / Transformation Seminar for Japanese Companies 21 April 2011 Presenter Mr Andrew Wright Chief Financial Officer 2 Contents NEF Mandate Brief background

More information

Embracing Tomorrow Azerbaijan 3 December 2012 Jan Sturesson Global Leader Government & Public Services PwC

Embracing Tomorrow Azerbaijan 3 December 2012 Jan Sturesson Global Leader Government & Public Services PwC www.pwc.com/az Azerbaijan Jan Sturesson Global Leader Government & Public Services Agenda 1. Where do we stand now? - Competitiveness & Development 2.What lies ahead? - Implementing visions and strategies

More information

Google and A.T. Kearney s joint study on Indonesia s venture capital (VC) outlook

Google and A.T. Kearney s joint study on Indonesia s venture capital (VC) outlook Objectives 1. Highlight key global and regional (Asia) trends in VC investments 2. Review the VC investor and start-up landscape and growth in Indonesia 3. Showcase the VC investor confidence and outlook

More information

MANUFACTURING INCENTIVES. Small Business and Transformation Workshop 18 January 2017

MANUFACTURING INCENTIVES. Small Business and Transformation Workshop 18 January 2017 MANUFACTURING INCENTIVES Small Business and Transformation Workshop 18 January 2017 OUTLINE the dti: Mandate Background Support Programmes Available Incentives Incentive Performance 2015-2016 Application

More information

The 10 billion euro question. How to most effectively support innovation in Poland. Marcin Piatkowski Senior Economist The World Bank, Warsaw

The 10 billion euro question. How to most effectively support innovation in Poland. Marcin Piatkowski Senior Economist The World Bank, Warsaw The 10 billion euro question. How to most effectively support innovation in Poland Marcin Piatkowski Senior Economist The World Bank, Warsaw Seville, November 2, 2011 Outline Economic growth in Poland

More information

Helping you capture new markets

Helping you capture new markets / Company Profile Timms Holding Limited is a business development consulting firm which was established in Hong Kong in 1994 with a mandate to develop Brands, Products and services from the west in the

More information

Action Plan for Startup India

Action Plan for Startup India M.M.K. Sardana * [Abstract: This Note elaborates the Action Plan Government of India for the Startups.] People have the potential to work hard and all they need is a promising start. Many people have ideas

More information

ECONOMIC DEVELOPMENT PROGRAMS

ECONOMIC DEVELOPMENT PROGRAMS ECONOMIC DEVELOPMENT PROGRAMS K ENTUCKY CABINET FOR ECONOMIC DEVELOPMENT: (502) 564-7670 - The Cabinet is the primary state agency in Kentucky responsible for creating new jobs and new investment in the

More information

Opportunities in Mexico

Opportunities in Mexico Opportunities in Mexico Presented by: Linda Caruso Principal Commercial Officer U.S. Commercial Service Guadalajara 1 How People Frequently View Mexico 2 Mexico Handicrafts in 2015 3 Mexico at a Glance

More information

SUBMITTED BRIEF FROM PRINCE EDWARD ISLAND BIOALLIANCE TO HOUSE OF COMMONS STANDING COMMITTEE ON FINANCE OCTOBER 18, 2016

SUBMITTED BRIEF FROM PRINCE EDWARD ISLAND BIOALLIANCE TO HOUSE OF COMMONS STANDING COMMITTEE ON FINANCE OCTOBER 18, 2016 SUBMITTED BRIEF FROM PRINCE EDWARD ISLAND BIOALLIANCE TO HOUSE OF COMMONS STANDING COMMITTEE ON FINANCE OCTOBER 18, 2016 It is indeed a privilege to present our views on economic prosperity in Atlantic

More information

INTRODUCTION TO SAIGON HI-TECH PARK

INTRODUCTION TO SAIGON HI-TECH PARK INTRODUCTION TO SAIGON HI-TECH PARK Ho Chi Minh City, September 17 th, 2014 TABLE OF CONTENTS 1. SHTP OVERVIEW 2. INVESTMENT IN SHTP 3. GOVERNMENT SUPPORT IN TECHNOLOGY SHTP OVERVIEW WHO WE ARE? Establishment:

More information

Working Regions: Rethinking Regional Manufacturing. Policy

Working Regions: Rethinking Regional Manufacturing. Policy Working Regions: Rethinking Regional Manufacturing Regional Studies Association North American Conference June 16, 2016 Atlanta, GA Policy Regional Collaboration for Effective Economic Development Manufacturing

More information

International Opportunities

International Opportunities International Opportunities David Croxson, Head of International, SMMT John Murton, Head of East Asia and Pacific Department, Foreign and Commonwealth Office Rob Keller, Head UK and Ireland Region, Global

More information

THE CPA AUSTRALIA ASIA-PACIFIC SMALL BUSINESS SURVEY 2016

THE CPA AUSTRALIA ASIA-PACIFIC SMALL BUSINESS SURVEY 2016 THE CPA AUSTRALIA ASIA-PACIFIC SMALL BUSINESS SURVEY GENERAL REPORT FOR AUSTRALIA, CHINA, HONG KONG, INDONESIA, MALAYSIA, NEW ZEALAND, SINGAPORE AND VIETNAM Legal notice CPA Australia Ltd ( CPA Australia

More information

Brampton: Poised for Greatness

Brampton: Poised for Greatness Brampton: Poised for Greatness 2016 Federal Pre-budget Submission The Brampton Board of Trade 36 Queen Street E. Suite #101 Brampton, ON L6V 1A2 905-451-1122 www.bramptonbot.com ABOUT THE BRAMPTON BOARD

More information

ANNEX II SCHEDULE OF BRUNEI DARUSSALAM

ANNEX II SCHEDULE OF BRUNEI DARUSSALAM ANNEX II SCHEDULE OF BRUNEI DARUSSALAM Sector: All Obligations Concerned: National Treatment (Article 9.4 and Article 10.3) Performance Requirements (Article 9.10) Senior Management and Boards of Directors

More information

Global Location Trends: Asia-Pacific Facts & Figures

Global Location Trends: Asia-Pacific Facts & Figures IBM Global Business Services November 2012 Global Location Trends: Asia-Pacific Facts & Figures Table of Contents (1/4) Chapter 1: Leading sectors and activities for foreign investment 1.1 Top investing

More information

Building a Blue Economy Through ICM

Building a Blue Economy Through ICM 2015/SOM2/OFWG/015 Agenda Item: IX B Building a Blue Economy Through ICM Purpose: Information Submitted by: PEMSEA 5 th Oceans and Fisheries Working Group Meeting Boracay, Philippines 10-12 May 2015 Building

More information

ASEAN Strategic Action Plan for SME Development ( )

ASEAN Strategic Action Plan for SME Development ( ) 1. Introduction ASEAN Strategic Action Plan for SME Development ( 2015) At the 14 th ASEAN Summit, the AEC Council was tasked to develop an ASEAN Action Plan to enhance SMEs competitiveness and resilience.

More information

SME DEVELOPMENT IN JORDAN

SME DEVELOPMENT IN JORDAN SME DEVELOPMENT IN JORDAN SME s Definition and Features All over the world, there is growing evidence that SME's play an important role in the national economic development of any country. SME's provide

More information

Getting Rural Youth Ready for Work in Burma Supported by. (Myanmar) Project No:

Getting Rural Youth Ready for Work in Burma Supported by. (Myanmar) Project No: Final Technical Report Getting Rural Youth Ready for Work in Burma Supported by (Myanmar) Project No: 108265-001 Implemented by Tag International Development Yangon, Myanmar 31 st January 2017 Implemented

More information

Asia Key Economic and Financial Indicators 16-May-17

Asia Key Economic and Financial Indicators 16-May-17 Asia Key Economic and Financial Indicators -May-7 ASEAN Brunei (BN) Cambodia (KH) Indonesia () Laos (LA) Malaysia () Myanmar (MM) Philippines () Singapore () Thailand () Vietnam () East Asia China (CN)

More information

Guides and Notes for Cyberport Accelerator Support Programme ( CASP ) Applicants

Guides and Notes for Cyberport Accelerator Support Programme ( CASP ) Applicants Guides and Notes for Cyberport Accelerator Support Programme ( CASP ) Applicants You are required to: To read the brochure(s) related to the CASP before submitting your application. To study these Guides

More information

the dti Incentive Programmes Mzwakhe Lubisi 18 October 2013 Austrian roundtable discussion DBSA

the dti Incentive Programmes Mzwakhe Lubisi 18 October 2013 Austrian roundtable discussion DBSA the dti Incentive Programmes Mzwakhe Lubisi 18 October 2013 Austrian roundtable discussion DBSA 1 the dti: THE ENTERPRISE ORGANISATION TEO s mission statement To stimulate and facilitate the development

More information

Massachusetts Regional Competitiveness Councils

Massachusetts Regional Competitiveness Councils Regional Competitiveness Councils Survey Data for,, and Cape & Island Regions Institute for Strategy and Competitiveness Harvard Business School Prepared for the RCC Meetings September 30, 2003 This presentation

More information

Technology Driven Enterprise & Economic Development. for the BECC

Technology Driven Enterprise & Economic Development. for the BECC Technology Driven Enterprise & Economic Development for the BECC by L. (Marty) Murphy Manager, NREL Enterprise Development Program Nov. 17, 2008. Sacramento, CA 1 Public Private Partnerships - Going Beyond

More information

Moving up the value chain. Otunba Olusegun Jawando Chairman Lekki Free Zone Development Company

Moving up the value chain. Otunba Olusegun Jawando Chairman Lekki Free Zone Development Company Moving up the value chain Otunba Olusegun Jawando Chairman Lekki Free Zone Development Company MOVING UP THE VALUE CHAIN PRESENTED BY OTUNBA (ENGR.) OLUSEGUN JAWANDO, MFR CHAIRMAN LEKKI FREE ZONE DEVELOPMENT

More information

Guidelines for the development of new services and applications in the era of the digital economy. Antonio Garcia Zaballos

Guidelines for the development of new services and applications in the era of the digital economy. Antonio Garcia Zaballos Guidelines for the development of new services and applications in the era of the digital economy Antonio Garcia Zaballos (antoniogar@iadb.org) There is a new paradigm affecting society, the economy and

More information

The European Union Strategy for the Danube Region Framework for Promoting Clusters

The European Union Strategy for the Danube Region Framework for Promoting Clusters The European Union Strategy for the Danube Region Framework for Promoting Clusters Păuna Carmen-Beatrice Institute of Economic Forecasting Romanian Academy carmenbpauna@gmail.com Abstract Clusters play

More information

Illinois Innovation Ecosystem. May 22, 2018

Illinois Innovation Ecosystem. May 22, 2018 Illinois Innovation Ecosystem May 22, 2018 Illinois at a Glance Economic Powerhouse Largest economy in the United States, roughly the size of the Netherlands 5 th Research Leader In public and private

More information

UNIDO and the strategies to invest in Myanmar

UNIDO and the strategies to invest in Myanmar UNIDO and the strategies to invest in Myanmar Gerardo Patacconi Director of the Agro-Business Development Department, UNIDO Vienna Michele Boario Chief Technical Advisor, UNIDO MSME development in Myanmar

More information

10,000 sqm of innovation global exhibitors 8,000+ key decision-makers. & technology showcases.

10,000 sqm of innovation global exhibitors 8,000+ key decision-makers. & technology showcases. 10,000 sqm of innovation & technology showcases 300+ global exhibitors 8,000+ key decision-makers Organizer Show Hosts Show Consultant Supporter www.cebitasean.com Digital Innovation Meets Business @ CEBIT

More information

innovationisrael.org.il Endless Possibilities to Promote Innovation

innovationisrael.org.il Endless Possibilities to Promote Innovation innovationisrael.org.il Endless Possibilities to Promote Innovation CONTENTS 4 Israel Innovation Authority Vision, goals and strategy Organizational structure For the benefit of entrepreneurs and companies

More information

2017 SURVEY OF ENTREPRENEURS AND MSMES IN VIETNAM

2017 SURVEY OF ENTREPRENEURS AND MSMES IN VIETNAM 2017 SURVEY OF ENTREPRENEURS AND MSMES IN VIETNAM Building the capacity of MSMEs through technology and innovation 2017 SURVEY OF ENTREPRENEURS AND MSMES IN VIETNAM I 1 2017 SURVEY OF ENTREPRENEURS AND

More information

Governance and Institutional Development for the Public Innovation System

Governance and Institutional Development for the Public Innovation System Governance and Institutional Development for the Public Innovation System The World Bank s recommendations on the governance structure of Bulgaria s innovation system are provided in great detail in the

More information

The future of innovation in view of the new EU policies: Europe 2020, Innovation Union, Horizon Nikos Zaharis, SEERC December 29, 2011

The future of innovation in view of the new EU policies: Europe 2020, Innovation Union, Horizon Nikos Zaharis, SEERC December 29, 2011 The future of innovation in view of the new EU policies: Europe 2020, Innovation Union, Horizon 2020 Nikos Zaharis, SEERC December 29, 2011 1 Europe 2020 5 Targets for the year 2020: 1. Employment 75%

More information

The New Carolina Initiative

The New Carolina Initiative The New Carolina Initiative Professor Michael E. Porter Harvard Business School New Carolina Annual Celebration September 22, 2011 For further material on regional competitiveness and clusters: www.isc.hbs.edu/econ-clusters.htm

More information

Ministerial Meeting of Asia-Pacific LDCs on Graduation and Post-2015 Development Agenda December 2014, Kathmandu, Nepal

Ministerial Meeting of Asia-Pacific LDCs on Graduation and Post-2015 Development Agenda December 2014, Kathmandu, Nepal Ministerial Meeting of Asia-Pacific LDCs on Graduation and Post-2015 Development Agenda 16-18 December 2014, Kathmandu, Nepal Context: UNIDO Productive Capacities in LDCs: Edme Koffi, UNIDO Honorable Ministers,

More information

APEC Youth Innovation and Entrepreneurship: Inclusive Growth and Collaborative Connectivity for Young Entrepreneurs

APEC Youth Innovation and Entrepreneurship: Inclusive Growth and Collaborative Connectivity for Young Entrepreneurs 2018/SOM1/HRDWG/EDNET/008 Agenda Item: 6.23 APEC Youth Innovation and Entrepreneurship: Inclusive Growth and Collaborative Connectivity for Young Entrepreneurs Purpose: Information Submitted by: Human

More information

SMALL BuSiNESS AdMiNiSTRATiON

SMALL BuSiNESS AdMiNiSTRATiON 2010 SMALL BuSiNESS AdMiNiSTRATiON Funding Highlights: Provides $28 billion in loan guarantees to expand credit availability for small businesses. Supports disaster recovery for homeowners, renters, and

More information

Innovation Partnership Zones

Innovation Partnership Zones Innovation Partnership Zones Building a World Class Innovation Ecosystem Presentation for : Innovation Awards The Council of State Governments Edmonton, Alberta July 19, 2012 Egils Milbergs Executive Director

More information

UPDATE ON INNOVATION INITIATIVES IN RUSSIA

UPDATE ON INNOVATION INITIATIVES IN RUSSIA MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION Oleg Fomichev Deputy Minister Ministry of Economic Development of the Russian Federation UPDATE ON INNOVATION INITIATIVES IN RUSSIA KEY PRIORITY

More information

INNOVATION IN RUSSIA: POTENTIAL, CHALLENGES & DRIVERS

INNOVATION IN RUSSIA: POTENTIAL, CHALLENGES & DRIVERS INNOVATION IN RUSSIA: POTENTIAL, CHALLENGES & DRIVERS MYRON WASYLYK, CEO, PBN HILL+KNOWLTON STRATEGIES 11 NOVEMBER 2016 METHODOLOGY Online Survey & Expert Interviews October November 2016 60+ companies

More information

GROWTH THROUGH EXPORTS. Kristian Richardson U.S. Commercial Service - Arizona March 2015

GROWTH THROUGH EXPORTS. Kristian Richardson U.S. Commercial Service - Arizona March 2015 GROWTH THROUGH EXPORTS Kristian Richardson U.S. Commercial Service - Arizona March 2015 Why American Firms Should Export Less than 1% of America s 30 million companies export, a percentage that is significantly

More information

Experience Centre Establishment For Hong Kong Science and Technology Parks Corporation. No. OPS/FM/CA/17/001 Expression of Interest

Experience Centre Establishment For Hong Kong Science and Technology Parks Corporation. No. OPS/FM/CA/17/001 Expression of Interest Experience Centre Establishment For Hong Kong Science and Technology Parks Corporation 1. Invitation for Expression of Interest No. OPS/FM/CA/17/001 Expression of Interest Hong Kong Science and Technology

More information

Outline of the Aichi Scholarship Program (2017)

Outline of the Aichi Scholarship Program (2017) Outline of the Aichi Scholarship Program (2017) The Aichi Prefectural Government is currently taking applications for the Aichi Scholarship Program. Utilizing scholarship money provided by the prefectural

More information

Fast Track to Innovation. Horizon 2020 Pilot Tool for fast market update of innovative solutions

Fast Track to Innovation. Horizon 2020 Pilot Tool for fast market update of innovative solutions Fast Track to Innovation Horizon 2020 Pilot Tool for fast market update of innovative solutions Fast Track to Innovation Identity undertaking innovation from Accelerate commercialization process of sustainable

More information

Concept Paper. I. Background

Concept Paper. I. Background Future Farmers Forum 31 August - 2 September 2017, Thailand Venue: Chonburi, Thailand Hosted by the Office of the Vocational Education Commission, Ministry of Education, Thailand Concept Paper I. Background

More information

BOLD IDEAS AND FRESH THINKING IN ASIA S LEGAL INDUSTRY. TIME OF RECKONING Singapore s legal market at the crossroads

BOLD IDEAS AND FRESH THINKING IN ASIA S LEGAL INDUSTRY. TIME OF RECKONING Singapore s legal market at the crossroads TIME OF RECKONING Singapore s legal market at the crossroads GROWING ARSENAL Litigators have an array of tech tools to choose from GETTING ON TRACK A closer look at the ASEAN s railway plans BOLD IDEAS

More information

THE CPA AUSTRALIA ASIA-PACIFIC SMALL BUSINESS SURVEY 2015 CHINA REPORT

THE CPA AUSTRALIA ASIA-PACIFIC SMALL BUSINESS SURVEY 2015 CHINA REPORT THE CPA AUSTRALIA ASIA-PACIFIC SMALL BUSINESS SURVEY 2015 CHINA REPORT 2 THE CPA AUSTRALIA ASIA-PACIFIC SMALL BUSINESS SURVEY 2015 CHINA REPORT LEGAL NOTICE CPA Australia Ltd ( CPA Australia ) is one of

More information

UK Government Ambitions

UK Government Ambitions UK Government Ambitions UK Government wishes to work long term with Governments to: Enable systemic reform of education systems. Support economic development, growth and sustainability by building an appropriately

More information

Business Environment and Knowledge for Private Sector Growth: Setting the Stage

Business Environment and Knowledge for Private Sector Growth: Setting the Stage Business Environment and Knowledge for Private Sector Growth: Setting the Stage Fernando Montes-Negret Sector Director Private and Financial Sector Development Department, Europe and Central Asia (ECA)

More information

Firms and universities: a Portuguese view

Firms and universities: a Portuguese view Firms and universities: a Portuguese view Ricardo Pinheiro Alves, GEE, Ministry for the Economy Lisbon 23 rd. November 2017 Firms and universities - outline 1. : improve resource allocation and productivity

More information

Agribusiness Entrepreneurship

Agribusiness Entrepreneurship Agribusiness Entrepreneurship Anupa A Pant Private Sector Specialist apant@worldbank.org World Bank Group The Case for Innovation and Entrepreneurship Innovation and Entrepreneurship are key drivers of

More information

The U.S. Government Role in FDI Attraction. SelectUSA.gov

The U.S. Government Role in FDI Attraction. SelectUSA.gov The U.S. Government Role in FDI Attraction SelectUSA.gov U.S. FDI Trends Industry breakdown of total U.S. FDI stock ($2.3 trillion) Food Professiona 3% l &Technical Other services 2% 22% Manufacturing

More information