Bangkok: Thailand has achieved a notable position as it ranks 27th in the world and 7th in Asia as the best country for starting a business and investing, sparking government enthusiasm and a push for further reforms.
According to Thai News Agency, Ms. Lalida Periswiwatana, the Deputy Spokesperson for the Prime Minister's Office, announced the country's ranking in the US News and World Report - Best Countries 2026. This ranking showcases Thailand's significant openness to business and investment, establishing it as a central hub for business ventures within the region.
The factors behind this ranking include a strong economy, governance, infrastructure, business opportunities, and a favorable investment climate. Thailand's competitive edge is evidenced by its strong manufacturing base, regional supply chain connectivity, and the country's readiness to support emerging industries. Consequently, Thailand continues to garner trust and interest from investors across the globe.
Ms. Lalida elaborated that the ranking aligns with the national development strategy led by Prime Minister Anutin Charnvirakul, which aims to reform the economic structure, boosting the nation's global competitiveness and aligning public sector operations with international standards. The government is targeting membership in the Organisation for Economic Co-operation and Development (OECD) by 2028. This ambition is expected to drive crucial structural reforms, enhance governance, ensure transparency, and foster fair competition, thereby improving the business environment and bolstering investor confidence.
The Deputy Spokesperson emphasized that the recognition by US News and World Report is an encouraging sign of Thailand's investment appeal. Moving forward, the government is committed to regulatory reforms and upgrading national standards to align with OECD criteria. These efforts aim to create an investment-friendly environment, attract future industries, generate quality employment opportunities, and enhance citizens' living standards, ensuring sustainable growth in tandem with the Thai economy.