The deputy prime minister in charge of economics has confirmed that foreign investors’ confidence in Thailand remains strong, despite the worst flood crisis in decades.
Deputy Prime Minister and Minister of Finance Kittiratt Na-Ranong said on Friday that his meeting with local and foreign investors, particularly the institutional players, has convinced him that Thailand remains an attractive investment destination.
Mr. Kittiratt said that there have been several world-class fund managers visiting Thailand lately, and they have expressed confidence in the prospect of the local economy after the country has survived the severe flooding in 2011. They also felt positive about the government’s guidelines to solve all problems.
He added that foreign investors still view Thailand as the best destination base in Southeast Asia, with sound basic fundamentals and human resources, although they are concerned with the flood prevention plan to prevent the repeat of last year’s disaster.
The DPM went on to say that Thailand’s public debt issues and economic stability are not worrying international investors at all.