Thailand’s industrial downturn: Almost 2,000 factories have closed in the past year

Thailand’s manufacturing sector is taking a hit with almost 2-thousand factories closing in the past year.
The economy may slow down even further in the coming months, as industries struggle with rising costs and increasing competition from China

Al Jazeera’s Wayne Hay reports from the capital Bangkok.


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[jasonlahey]

Thailand isn’t business friendly. Spent almost 20 years doing business there. Rules for Thais (much less oversight) rules for foreigners are held to a totally different level. No rights and you can’t fully own your business.

[zanitalh]

2000 factorys closed, but 2000 underground blackmarkets open, can’t blame them either, how are jobseekers meant to survive 😢😢😢

[enhancedutility]

My Mitsubishi mirage was built in Thailand 😊

[pandemicoftheunvaccinated]

Yet the baht remains ridiculously high.

[GentlemanJamesWin]

That physical job board is not being used anymore because jobs are now advertised online.

[worldlife]

Tariffs on products from China to protect manufacturing in Thailand.

[arnabdutta]

Allowing uncontrolled chinese imports will definitely hurt.

[samartz]

problem is a lot of thai people dont want to learn to be more efficient. so many places i see still use hand tools instead of power tools

[alisra]

In Thailand unemployment is very low so we need lots of foreign labor from Myanmar, Lao and Cambodia. We have around 3 million or more of them now.

[skanthaadsigns]

Probably 200, 000 content creators boomeed instead Skilled Workforce

[YuChiGongG]

Chinese quality potential is higher than Thailand. You pay for what you get. China is able to manufacture higher quality at the same cost.

[SteveSabbai]

Sweatshops getting shut down by cheaper Sweatshops.

[aungmyintoo]

Thai Baht is expensive, even the modern Malaysia has cheaper currency than Thailand. Vietnam and Philippines is booming, Indonesia with its more than 200 million population is sufficient by itself and Singapore with English speaking population, good geography, stabilize goverment. I dont think Thailand have a chance whereby its neighbors are competitive.

[jimboy]

There are thousands of people from Myanmar and Cambodia taking low-paying jobs that Thais did formerly. Looks like they can go home and let Thais have those jobs back. (construction, restaurants, tourism)

[komteera]

Loa's devaluing currency is also... a big issue in relation too. 😢😢😢😮😢😢

[PatrickBrown-lvrv]

Manufactured goods in Thailand are of higher quality than elsewhere!

[ivangim]

Without innovation and business growth, only a matter of time before other lower cost locations bring on the closure. In business, cost goes up every year.

[arturobayangos]

so the problem is the Thai market is flooded by cheap manufacturing from China .

[polasmia]

No network & no electricity in Bangladesh right now. It's a complete intentional blackout by the government. A massive clash in going on with the students and the government forces. Rest of the world

[MultiWorld]

Let's migrate overseas , plenty of jobs in Japan, South Korea and Australia.