Some 68 per cent of participants in our Business Climate Survey reported profitable operations in Thailand during 2019. However, price sensitivity among consumers continues to be a challenging issue for Swedish companies in the premium segment.
Thailand’s economy is showing promising developments. This year’s survey reveals that nearly one out of three companies (32 per cent) with operations in Southeast Asia generate a significant portion of their revenue from Thailand. Household consumption and private investments are on the rise and the government is set to roll out major infrastructure projects.
Navigating the business environment is not entirely easy. Changing regulations, corruption and political instability were reported as the top three concerns among 45 surveyed companies. Language barriers and a lack of skilled labour in the technology field are further obstacles that Swedish companies are tackling on the ground.
Download the report for a full overview of the results.
About the survey
The Business Climate Survey is produced on a bi-annual basis by Team Sweden where Business Sweden collaborates with Sweden’s local embassies, consulates and chambers of commerce around the world, among other stakeholders.
The survey provides first-hand perspectives and insights into business trends, issues and challenges in global markets based on extensive interviews with Swedish companies operating in each respective country.