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- After financial crisis of Thailand in 1997 the government cut the corporate tax rate from to 30% to 20%. With this tax rate it is below than other countries in the same region such as, Vietnam, Malaysia, and Indonesia. Therefore, that’s why now Thailand manufacturing expanded continuously for almost three decades. - In 2011, the electrical and electronics industry contributed almost 24% of Thailand’s annual export revenues, generating US$55 billion. - Thailand is ranked as the world’s number #1 HDD and components manufacturing base, commanding 40%-45% share of the Thailand is ranked as the world’s number #1 HDD and components manufacturing base, commanding 40%-45% share of the worldwide HDD production, in 2011.- Thailand is ASEAN’s largest production base in the electrical appliances sector, and is the world’s 2nd largest producer of air conditioning units and 4th largest producer of refrigerators in 2011.- Integrated circuits are Thailand’s largest electronics import and its second largest electronics export.
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