The creation of the Asean Economic Community (AEC) at the end of 2015 is seen as a potential turning point for Thailand. Bangkok has good potential to benefit from the AEC, as it is located in the middle of the Asean region and is likely to become a more important centre, especially for commercial activity, tourism and related businesses.
Other provinces in Thailand also have good potential, particularly the border provinces and those along the main transport routes or Asian economic corridors. Recently, we have observed more movement by Thai and foreign investors to locations including Mae Sot, Chiang Khong, Sadao, Ranong, Mukdahan, Udon Thani and Khon Kaen. Many have started occupying land and building factories or shophouses, while some investors are still waiting for clearer development policies from the Thai government for special economic zones (SEZs) emerging in some provinces (Mae Sot in Tak, Kanchanaburi, Chiang Khong and Chiang Saen in Chiang Rai, Nong Khai, Mukdahan, Nakhon Phanom and Sadao in Songkhla).
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