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Thailand banks on new visa to lure foreign talent, more investment

Next BOI chief says electric-vehicle transition strong despite weak 2022 FDI

Thailand is pursuing more foreign investment in cutting-edge industries such as electric vehicles, Narit Therdsteerasukdi tells Nikkei Asia. (Photo by Ken Kobayashi)

BANGKOK -- Thailand is trying to fight through hesitancies created by China's zero-COVID policy and Russia's war in Ukraine as it pursues more foreign investment in electric vehicles, biotechnology and other cutting-edge industries, its next investment board chief said.

"What we should focus on is technology- and knowledge-based industries such as digital, biotechnology, bio-based materials, medical, smart electronics and electric vehicles," Narit Therdsteerasukdi said in a recent interview with Nikkei Asia. "These industries are not as labor intensive or capital intensive as in the past.

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