Thai ฺBOI Approves Support for International Festivals to Boost Tourism


The Board of Investment (BOI) has approved promotion for “Music, Sports, and International Festival Businesses” to position Thailand as a global destination and tourism hub.

Narit Therdsteerasukdi, Secretary-General of the Board of Investment (BOI), revealed that the promotion aims to reduce barriers such as visas and taxes on event equipment to attract tourists and stimulate the economy.

To qualify for promotion, each event must have expenditures of no less than 100 million baht, receive exemptions on import duties for equipment, and have access to visa facilitation and work permits through a One Stop Service. This aligns with the “Ignite Thailand” vision to elevate the country to a global level.

Additionally, the BOI has approved the enhancement of the Printed Circuit Board (PCB) business to support the shift in production bases by increasing promoted activities and strengthening the PCB cluster in Thailand. This will fortify the electronics manufacturing base and promote growth among Thai entrepreneurs.

Currently, Thailand is the leading PCB production base in ASEAN, supported by the BOI. With a high potential to become a global leader in electronics manufacturing, these improvements and promotions will significantly drive the economy and industry in the country.

The preceding is a press release from the Thai Government PR Department.

Goongnang Suksawat
Goong Nang is a News Translator who has worked professionally for multiple news organizations in Thailand for many years and has worked with The Pattaya News for more than four years. Specializes primarily in local news for Phuket, Pattaya, and also some national news, with emphasis on translation between Thai to English and working as an intermediary between reporters and English-speaking writers. Originally from Nakhon Si Thammarat, but lives in Phuket and Krabi except when commuting between the three.