Thailand is entering a new chapter in its industrial development as the Board of Investment (BOI) accelerates efforts to reposition the country within the global semiconductor value chain.
Accounting & Legal in Thailand
Thailand is no longer competing merely to become an electric vehicle assembly base. In 2026, the country’s industrial policy has entered a far more strategic phase — one focused on controlling the upstream EV supply chain.
Thailand’s investment promotion regime is entering a new phase. For decades, the country’s industrial policy under the Thailand Board of Investment relied heavily on corporate income tax exemptions, import duty privileges, and non-tax incentives to attract foreign direct investment. However, the launch of the THB 5 billion Competitiveness Enhancement Fund marks a structural policy shift: Thailand is now moving beyond passive investment attraction toward direct state-supported capability building.
