Technology trade mission: Thailand December 2018
The Victorian Government, through Trade Victoria invites export-ready Victorian ICT companies to join them on a technology focused trade mission to Thailand from 10 to 13 December 2018.
VIDEO: Technology trade mission to Thailand
In June 2018, following the CommunicAsia market and conference, Trade Victoria conducted a one-day business programme in Thailand highlighting the potential export opportunities for technology companies. This trade mission aims to maintain momentum and to build on the business opportunities identified from the programme, and to support delegates in pursuing trade and investment opportunities arising from Thailand’s rapid development.
Thailand is the second largest economy in Southeast Asia after Indonesia.
According to the World Bank's “Doing Business” 2017 report, Thailand is rated third for ease of doing business in the region. It has a growing middle class, good infrastructure, a strong industrial base, strong regional and global connectivity, and globally significant industries.
Thailand’s infrastructure is currently undergoing transformation, and the country’s high-quality medical capabilities have made it a destination for medical tourism.
The Thai Government’s Thailand 4.0 policy is modernising its economy, driving reform and creating opportunities in technologies for:
- smart manufacturing
- smart cities
- smart logistics
- workforce skills
- digital business.
A significant manufacturing hub for the Southeast Asian region, Thailand is looking to boost its global competitiveness through international partnerships in key sectors, including:
- improvements in manufacturing productivity
- improvements in workforce productivity
- improvements in infrastructure design and management
- supporting technology to grow digital services.
On 11 September 2018, Trade and Investment Victoria released Globally Connected: Victoria’s Southeast Asia Trade and Investment Strategy.
The Strategy highlighted the Victorian Government’s commitment to delivering trade missions to Southeast Asia. Trade missions play an important role in helping to connect Victorian companies with opportunities across Southeast Asia. The Strategy highlighted opportunities in the technology and ICT sector in Thailand as one of the most prospective for Victorian tech and ICT firms.
The Thailand-Australia Free Trade Agreement provides Victorian exporters and investors increasingly good market access. Thailand is looking towards international partnerships to help deliver its economic reform strategies, many of which are technology based.
In 2017, Thailand released its 20 Year National Strategy (2017-2036) for attaining developed country status and transitioning to a digital economy. A key policy to deliver the strategy is Thailand 4.0 that covers three core elements:
- Engaging advancing technology and innovation to improve productivity.
- Thailand becoming a logistics ‘hub’ by upgrading ports, road and rail links and airport infrastructure.
- Enhancing the capability and digitalisation of Small to Medium Sized enterprises.
To achieve Thailand 4.0, Thailand’s Ministry of Industry has produced Industries 4.0 that identifies targeted industries, which include:
- digital tech, Internet of Things and imbedded technologies
- culture tech, creative/design thinking & entrepreneurship
- food tech, agritech and biotech
- health, wellness, medical tourism and biomedicine
- automation tech, smart devices and robotics.
In 2018, the Thai parliament approved the law for trade and investment in the Eastern Economic Corridor (EEC). With the EEC, Thailand hopes to develop its eastern provinces (Chonburi, Rayong, and Chachoengsao) into a leading ASEAN economic zone. These provinces will become a hub for technological manufacturing and services with strong connectivity to ASEAN neighbors by land, sea and air.
The government identified four “core areas” essential in making the EEC a leading economic zone:
- Increased and improved infrastructure.
- Business, industrial clusters, and innovation hubs.
- The creation of new cities through smart urban planning.
Trade mission details
What types of businesses should attend?
Applications are sought from Victorian technology companies with solutions in the areas of (but not limited to):
- supporting infrastructure (hardware, software, telecoms, networks etc)
- eBusiness (how business is conducted)
- smart cities
- smart manufacturing
- smart logistics
- health/ medical including biotechnologies and medical technologies
- workforce skills
Companies should be export ready, have clear mission objectives and a business case for doing business in Southeast Asia.
Why should you attend?
Trade missions enable Victorian exporters to build market insights, explore opportunities, expand their networks, promote their capabilities and identify potential partners. By participating in the mission, you will make important contacts from within the delegation, sharing expertise and exploring potential collaborations with other Victorian technology businesses that are on the same journey.
The mission will be intimate, accepting a maximum of 15 companies providing for a bespoke and tailored program for every company participating.
Attendees will gain access to key decision makers and industry stakeholders from the Thai Government, industry associations, enterprise and technology sectors.
Delegates will be provided with assistance and opportunities that focus on achieving their business goals.
- The Victorian Government Trade and Investment (VGTI) office in Malaysia will work together with a professional business matching service provider, Trade Victoria and Thailand’s Board of Investment and Software Park to assist in maximising business opportunities.
- A conference call to discuss your business needs in the market with the business matching service provider and appropriate partners.
- Support for media announcements and/or stories you would like to propose.
- Promotion in the Victorian Government mission’s marketing materials and through social media channels.
- A pre-mission briefing, held in Melbourne, prior to the mission’s departure, plus an opportunity to network with other delegates.
On the mission
- Transportation to and from any offsite business meetings made by the department as part of your program.
- On-ground assistance and expertise on demand from the Victorian Government, Austrade and Thailand’s Board of Investment.
- Business matching services tailored to your specific needs as part of your program.
- Two networking business lunches.
- A Victorian Government evening networking event with Thai leaders involved in enterprise, Government and the technology industry.
- Day 1: commences in the evening with an in-country briefing and an informal dinner with the delegation.
- Day 2: delegates will present their company profile to promote their business to all Thai attendees. The remainder of the day comprises B2B meetings and a networking lunch. An official networking reception is held in the evening.
- Day 3: includes B2B meetings and an informal networking lunch. Any off-site meetings for delegates will be scheduled post lunch.
- Day 4: includes a site visit
- Delegates may choose to remain in Thailand for follow-up meetings.
What's not included?
The Victorian Government will not pay for your airfares, accommodation, ground transport or meals outside of official activities.
The cost of the informal dinner with fellow delegates on the night of arrival is not covered and to be borne by the individual.
Applications open: 24 September 2018
Applications close: 24 October 2018
Pre-mission briefing: TBA
Travel dates: 10 - 13 December
For further details about the trade mission, please contact Amelia King by phoning (03) 9651 9476 or by sending her an email.