Thailand has been identified as one of the countries that has made significant improvements in its business environment by The Economist Intelligence Unit (EIU). The EIU’s annual survey determined that Thailand has significantly improved its ranking in areas such as the quality of its telecommunications infrastructure, the efficiency of its regulatory environment, and its access to credit.
The country has made significant strides in creating a business-friendly environment that is conducive to investment and growth, making it an attractive destination for international companies looking to expand their operations in Southeast Asia.
Thailand, Vietnam, and India saw the most significant improvement in their rankings as the best countries in which to do business, according to a report by the Economist Intelligence Unit (EIU). The report measures the business environment in 82 countries and found that Vietnam and Thailand have attractive policies for foreign investors, while they benefit from firms pursuing the China+1 policy of having supply chains in China and another Asian market. The policy was evolved mainly because of China’s zero-COVID policy, which constrained business operations. Conversely, China’s business environment’s outlook has deteriorated, leading the country to be the “biggest loser” globally, as it fell 11 places in the ranking from a year earlier. China’s drop has given Vietnam, Thailand, Malaysia, and India a chance to take the lead.
