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00:00 The economy of Thailand may continue to grow,
00:05 but there are still some limitations in terms of business opportunities.
00:10 So, the investors may have to consider the option of investing abroad.
00:15 Today, we will take you to find a way to support ASEAN
00:18 with the new policy of business growth with ASEAN Connect.
00:22 First, the employment policy.
00:29 There is a high chance that Thailand will have a lower wage,
00:33 which will affect the investment of the investors.
00:37 While the opportunity to create income in the country is starting to fill up,
00:40 we will see that Thai companies are interested in expanding their business abroad.
00:46 This is in line with the vision of the UN,
00:49 because there is a study from the UN that says that
00:51 business 4 out of 5 is interested in expanding abroad in the next 3 years.
00:57 Businesses in Indonesia, China, Vietnam, and Thailand are interested in expanding abroad.
01:03 The main targets in ASEAN are Singapore, Thailand, and Malaysia.
01:09 The industries that are most interested in expanding abroad are
01:13 oil and gas, shipping and export, IT, communication, and telecommunications.
01:20 The main reasons that make businesses interested in investing abroad
01:25 are the first, which is the increase in profit.
01:28 Think of it as 64%.
01:30 Next is the increase in income.
01:33 The main reason is to create awareness in the global market
01:37 and to spread business to other countries.
01:40 Finally, it is the policy and the benefits from the government that will be given to the business.
01:46 With the slowdown in global economy this year,
01:48 in addition to facing risks such as declining economy,
01:51 tightening relations between the US and China,
01:55 and the conflict between Russia and Ukraine,
01:57 but we can see that from the good basic factors,
02:00 ASEAN can prevent the recession in the currency market in the past year.
02:07 The OECD estimates that the growth of the main economies in the ASEAN group,
02:13 which are Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam,
02:17 may grow by 5% in 2065,
02:21 slightly less than in 2005-2006, when it grew by 6%.
02:25 While the more tight-knit ASEAN-T alliance
02:28 will create more unity in the region,
02:31 and strengthen the ability to compete.
02:33 There are three main points.
02:35 The first is the long-term alliance
02:38 that will occur through the development of basic infrastructure
02:40 to support logistic activities.
02:43 The second is the compatibility in the ASEAN.
02:47 In 2055, the value of the currency is 2.4 billion USD.
02:52 In the past 10 years, in 2065,
02:56 the value of the currency increased by 3.8 billion USD,
03:00 which is more than 50% in the past 10 years.
03:04 Especially in ASEAN-6,
03:07 the value of the currency is 98% of the total value of the currency in ASEAN.
03:12 And the last point is the investment and the continuation of the currency.
03:16 In 2005-2004,
03:18 the FDI flowed into ASEAN,
03:20 more than 179 billion USD.
03:23 Mainly from the United States at 22.5%,
03:27 followed by the European level at 14.8%,
03:30 and the investment in the ASEAN group at 13.1%.
03:34 Most of the money flows into the currency and interest rates up to 32%.
03:39 In addition, it also comes in the 25.8% and 13.5% production range.
03:44 While the FDI currency grew to 428%
03:48 in the era of Work From Home.
03:51 For the most advanced and outstanding compatibility in the ASEAN currency,
03:55 it is the use of the local currency in the purchase of goods
03:59 or the Local Currency Settlement, LCS.
04:02 The compatibility of all three,
04:05 and the use of LCS, the UOB,
04:08 will play a major role in the prosperity of the ASEAN society
04:12 and the growth of the economy.
04:15 Having good compatibility will make it easier for the operators
04:18 to expand their business abroad,
04:21 whether it is a small or large business.
04:24 The UOB bank also has a strong trading network.
04:28 This is probably the key to enter the door to ASEAN
04:32 or even the door to other countries.
04:35 This will be a strong point for operators
04:38 to expand their business abroad more easily.
04:42 [Music]