Thailand From Automotive Assembler To Top Automotive Manufacturer

If you are planning to visit Rayong in Thailand, make sure it coincides with the with the Fruit Festival where there are lots of activities like musical performances, fruit eating competitions, heritage exhibitions and poetry readings. You can stay in comfort and style at hotel suites in Rayong on the top floor with a bay view.

Thailand is the 13th largest exporter of automotive parts and the 6th largest manufacturer of commercial vehicles all over the world and the largest in the ASEAN region. For over a period of 50 years, Thailand has developed from being an assembler of auto components into a top automotive manufacturer and export hub.

By 2020, Thailand expects to manufacture 3,500,000 units of vehicles in order to become one of the top performers in the global automotive market. The country has managed to establish presence among the world’s leading auto manufacturers, assemblers and component producers. Leading companies like Toyota, Isuzu, Honda, Mitsubishi, Nissan and BMW account for the lion’s share of almost 2 million vehicles that are produced in the country every year.

Most of vehicle manufacturers and parts suppliers can be found  in the central provinces of Bangkok, Ayutthaya, PathumThani, Samutprakarn, Prachinburi, Chachoengsao, Chanburi and Rayong because they are easily accessible to leading markets in the ASEAN as well as China and India.

One of the key reasons that gave Thailand a competitive edge in the automotive industry is the supportive policies of the government where substantial backing is provided in the form of tax and non-tax incentives to attract foreign investors. Additional benefits like the reduced CIT (50% of the normal rate) are offered for 5 years to companies that will invest in the super cluster automotive zones. Investors and auto manufacturers in Thailand also benefit from the country’s free trade agreements with Australia, China, India, New Zealand and the 10 member states of ASEAN.

It makes sense for a business traveller to stay at hotel suites in Rayong because of the presence of event venues suitable for business workshops and meetings or informal company gatherings. Beaches are nearby as well as golf courses so that attendees can relax after a gruelling day of meetings and conferences.