Key View: Thailand is likely to pass a salt tax over 2021, which will tax processed foods that contain a significant amount of sodium. The Westernisation of Thai diets, especially among the youth, has led to higher levels of fast food consumption among consumers. An implementation of a salt tax is the latest step taken by the government to

Key View

• We at Fitch Solutions maintain our forecast for the Bank of Thailand (BoT) to keep its key policy rate on hold at 0.50% through to 2023, as Covid-19 pandemic’s significant shock on the economy and pre-pandemic disinflationary trends delay the need for monetary tightening.
• Indeed, we expect a relatively benign inflation backdrop to

Key View

• Pharmaceutical sales in chronic disease areas will be the driver of Thailand's medicine market.
• Thailand aims to build its first cancer drug manufacturing facility.
• Thailand will continue to accelerate investments in the medical industry, which will have positive implications for pharmaceutical sector.

Opportunities for

Key View

• The decision by Thailand’s Board Of Investment to re-introduce incentives to attract automakers into the country for electric vehicle production will cement the country’s position as South East Asia's electric vehicle production hub.
• As the largest and most developed EV market in the South East Asia region, incentives will drive

Key View: While still in its nascent stage, the food delivery and grocery delivery market in Thailand is rapidly growing. Over the medium- term, Thailand will offer an attractive demographics profile, combined with an increasing number of middle-to-upper-income households, who largely reside in the major cities. Additionally, all mobile phone

Key View

• Thailand's generic drugs market will continue to be a key growth driver in the country's pharmaceutical market.
• Economic challenges and low healthcare access will drive demand for generics over more innovative, patented drugs.
• The country's regulatory environment will limit Thailand's attractiveness to innovative drugmakers.
• Generi

Key View

• We at Fitch Solutions believe that the Covid-19 pandemic will place significant upside pressure on healthcare spending in Thailand.
• Relatively high levels of public expenditure on medical services will be maintained in Thailand despite restrictions on government spending due to macroeconomic dynamics.
• Overall, the healthcare market