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

[@jasonlahey1550]

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.

[@FoFo-gm2iv]

You are there to spend money not to make money bro😂 Invest where get protected and find opportunities

[@teslayokan64]

i was same,pls do not invest there anything

[@teslayokan64]

another things they should stop asking to foreigners "do you have work permit?" even opening bank account

[@warntheidiotmasses7114]

Teaching here is like ... well, you try to help these people. And they know it all.

[@jasonlahey1550]

@@warntheidiotmasses7114 thais know everything better than everyone else including democracy until it all falls apart. Just look at the latest political line up Uncle Pom and that police murderer son of Chalerm Ubumrung.

[@keangwooichoo6138]

Thailand rely too much on tourism.

[@blueyhis.zarsoff1147]

The business you shouldnt lose to another country

[@addamr2052]

Just look at the state of Phuket and Pattaya from tourism .

[@mesamis144]

most thai income is from export, not tourism

[@zanitalh7486]

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

[@harisiregar232]

If no job available then why not start ur own business

[@MrsMMurr]

@@harisiregar232not that easy

[@patt5085]

economy is not good anywhere right now. Sucks but we all need to adapt.

[@mateobaysa2055]

The silent depression is worldwide.

[@Ruben-w2v]

@@harisiregar232 I keep telling people that but all i get are excuses. It seem's the spell of working for someone else is strong.

[@enhancedutility266]

My Mitsubishi mirage was built in Thailand 😊

[@OffGridInvestor]

Quite a number of GMs and fords and a couple of hondas are too. My generator with a honda engine is thai built.

[@enhancedutility266]

@@OffGridInvestor I'm not surprised Thailand is a hub for automakers in Southeast Asia it's the Mexico of that region for manufacturing

[@Freep-m2l]

Best economy car ever that is still going strong, 330,000 km!

[@enhancedutility266]

@@Freep-m2l yeah I bought my brand new in 2014 no issues other than maintenance

[@pandemicoftheunvaccinated5367]

Yet the baht remains ridiculously high.

[@Êíøw57]

I have this same. I googled it and read some articles but i didn't found any solid and relevant proof how Thai baht is not falling at all.

[@pandemicoftheunvaccinated5367]

@@Êíøw57 Chinese investors...

[@hijazzains]

Hot money as usual

[@izzathadi4006]

​@@hijazzains how do you explain that... is it related to tourism or capital inflows

[@rez1525]

​@@Êíøw57tourism is huge in thailand

[@worldlife9834]

Tariffs on products from China to protect manufacturing in Thailand.

[@mesamis144]

true

[@arnabdutta9326]

Allowing uncontrolled chinese imports will definitely hurt.

[@havencat9337]

you talk BS! China its the biggest investor in new factories in Thailand nowdays.

[@arnabdutta9326]

@@havencat9337 BS is chinese method of destroying a country's local economy by dumping state subsidized items. These new factories will only benefit China by repatriating profits.

[@beethao9380]

@@havencat9337 yes they are but you fail to understand the bigger problem it creates.

[@Ak-rt7br]

@@havencat9337@havencat9337 Compared to what they've done to the country those investments meant nothing. But the foreign crime that the real deal 90% Chinese for sure.

[@mesamis144]

@@havencat9337 no, only some factories.

[@GentlemanJamesWin]

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

[@bnarit]

True, but, the online job market might not provide a well suitable candidate. If you want to hire a local personal, who didn't want to change frequently, a physical board is a good choice. Also, online recruitment is quite expensive. Head hunter company charges a lot for the review and recruitment.

[@mesamis144]

that's labour jobs for low education staffs

[@PatrickBrown-lv7rv]

Manufactured goods in Thailand are of higher quality than elsewhere!

[@DanielHYNg]

Time has changed.

[@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

[@blueyhis.zarsoff1147]

I have heard form people running companies in Thailand they they are amazed that Thai's are happen to do zombie work on production lines

[@gregiles908]

Yupp. Pre 1800s in the West still happening there.

[@Vishypoo]

thais also don't have a strong work ethic. they work slow and lazy. super low efficiency compared to China and Vietnam. Thais just want to sit in air conditioned offices with 100s of public holidays and have 3 staff for every 1 position so no one has to actually work hard.

[@D-Dreamerz]

Power tools cost more

[@kamal_jab]

​@D-Dreamerz its an investment. Able to make a month worth of product in 2 weeks only, high production, more diverse labour and more efficiency

[@skanthaadsigns]

Probably 200,000 content creators boomeed instead Skilled Workforce

[@alisra007]

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.

[@AbsoluteZeroGravity]

If unemployment is very low, then why do we need labors from neighbour countries? they sounds more like a cheap replacement because employers don't want to pay Thais a fair minimum wages.

[@koma7778]

If unemployment is low then hire old people😊

[@bnarit]

upto 10 Millions CLM worker here.

[@beethao9380]

@@AbsoluteZeroGravity most likely. the average minimum wage in thailand is around 360 baht a day. They can pay undocumented workers half that.

[@teslayokan64]

this country not respect foreigners even imventors!

[@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.

[@reynoldtan]

2:06 where is his safety goggles?

[@SteveSabbai]

Sweatshops getting shut down by cheaper Sweatshops.

[@aungmyintoo4635]

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.

[@H1labs]

Lollllllll what? How is Ringgit cheaper than Thai Bhat?

[@josephmanzuni8593]

I think he meant cost of production. Cause electricity, water and internet is cheaper over there. Thailand actually imports some of its electricity from Malaysia, as they share a grid line.

[@akane8615]

@@H1labs Ringgit is actually cheaper than Baht, 1 ringgit will only get you 70 cent in THB. MYR is undervalued and THB is overvalued so you have this kind of situation. Not for long tho since the market will correct itself soon since Thailand is on the brink of economic crisis.

[@komteera7494]

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

[@jimboy419]

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)

[@michaelellringer5600]

The fertility rate in Thailand as dropped to 1.4, equal to countries in Europe. Fewer births, higher wages!

[@FoFo-gm2iv]

Farang who is trying to be more thai than thais 😂

[@nokaton]

Considering that the average monthly wage in Cambodia, Laos, and Myanmar is like < $80 compared to Thailand at around $300, I don't think these people will go back to their country any time soon. And btw, things even worse in those countries. Laos is bankrupt. Cambodia is bankrupt. Myanmar is having civil war.

[@arturobayangos1223]

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

[@havencat9337]

you talk False and probably are a boot! Chinese opned the most factories in Thailand! tLook online, they have the biggest investment numbers in Thailand factory now!

[@rickciardella]

And the Thai government will do nothing to curb it. China threatens to ban all Chinese tourists from coming to Thailand.

[@ivangim1]

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.

[@Bada-mz5jk]

No to chinese imports!!

[@polasmia1999]

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

[@말라유]

its so sad to hear that . i have many friend in dhaka . they are very nice people

[@mamotalemankoe3775]

I have a Bangladeshi friend who is in my country. He has family back there, I hope they are alright. Stay safe and be careful. We hear and see what is happening there.

[@aungmyintoo4635]

What it got to do with Thailand?

[@khooahok4589]

Recession now everywhere in the world 😂😢😅

[@BrunoHeggli-zp3nl]

Wrong!

[@happy4ever305]

Not true! The recession ended 3 years ago after the COVID. I heard on the news the other day said that Thai economy is worse than the Covid time. In Cambodia, the economy is growing very rapidly. In America there are plenty of works. I heard that Thai made products can no longer complete with the neighboring countries plus the in flow of cheap Chinese goods. Thai economy is in deep trouble. Almost 5000 factories are closed since 2021. It happens so quickly. Very troubling.

[@hom2fu]

@@happy4ever305 sound like media or a politician

[@happy4ever305]

@@hom2fu Reality!

[@BrunoHeggli-zp3nl]

Easy to get jobs here in Europe!

[@jamaicasysbm2580]

Very interesting information

[@eXclusive1]

Everyone out of work it seems.

[@marvinsantos2977]

greed... minimum wage against inflation...so what about productivity to offset the increase in wages.

[@aforadorable6006]

Quicksand economy.

[@MultiWorld2000]

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

[@OffGridInvestor]

Shame really. I would rather buy thai than Chinese. I was told by a guy who worked in the bicycle business that the best welding is always on thai bikes.

[@melberedo1088]

1. Big foreign companies transferring to Vietnam their manufacturing factory bacause it's more affordable. 2. Chinese aggresive manufacturing overturn for global matket. 3. tight competition because beside India, other South east asian countries are also hub for manufacturing. And many other factors why the job market is too competetive and Thailand is affected to current problem.

[@jasonlahey1550]

⁠that’s not true. I did fine over 20 years. But based on my experience and what I’ve seen happen over time it isn’t business friendly and I say that because they pretend to be. The reality is that they cannot control their own civil servants to do their jobs. The BOI would highly disagree with you as would the Thai trade departments located in almost every embassy globally.

[@judehabibie1661]

1:42 That's why SUZUKI will leave from Thailand in 2025, & Maybe moving to Indonesia or India

[@happymelon7129]

China's BYD opened an electric vehicle plant in Thailand on Thursday (Jul 4), the automaker's first factory in Southeast Asia, a fast-growing regional EV market where it has become the dominant player.

[@happy4ever305]

Yeah.. one byd opened. Two are closed. Isuzu and Subaru are closed. Byd will soon open in Cambodia too. They are talking.

[@havencat9337]

China opnes new ones! GAC also opened one recently! same with the Ora from Great wall! So what we have its a replacement of the old with the new!

[@harrykumoro4335]

LG battery from Korea had already built the first and the biggest electric battery factory for EV in South East Asia (Indonesia)😂. Hyundai Already Build EV factory In Indonesia also 😅

[@SteveSmith-zz4ih]

They can erupt in flames as the batteries aren't protected underneath, i will not buy a electric vehicle.

[@happymelon7129]

Phones and components make Vietnam the second-largest exporter in the world. Since 2022, Vietnam has outstripped India to become the second-largest exporter of smartphones, only after China, with over 13% of the global market share. 24 Jun 2024

[@veclubby]

With so many cheap imports from China, why we need factories in Thailand?

[@teslayokan64]

no need factorys,just let foreigners come let then spend money then leave,play with paper work keep asking work permit even for opening bank account,if they talk about negative about your country and cancel their visa and say you break visa rules,keep playing like this

[@heutespielen8301]

This report is naive. Even us and uk got many unemployment and firing old worker.

[@happymelon7129]

2023, Tibet and Hainan GDP grew 9.5 percent and 9.2 percent, respectively. 12-7-2021 Tibet High Speed train line enters service Indian near Tibet: 😭Tibet has 20 times bigger gdp per capita than my inddia 0ccupied tibet.

[@neilmanx1001]

dumb fellow

[@JelloShots-wg6tz]

RCEP is the cause.

[@muzammilm.nurdin3349]

Idiot here. What is RCEP?

[@말라유]

​@@muzammilm.nurdin3349are you nuts ? you dont know RECP ?

[@havencat9337]

Dont spread false! Look at where most export from Thai go to! Check Online, 65% are going to Asia. so why would that be bad?

[@bnarit]

BRICS is coming.

[@BSteelersB2600]

Thailand is just a fancy version of Cambodia

[@BIueDreamm]

Poverty.

[@Ulbre]

There's no real substance to this story without quantifying the size of the 2000 companies that have shut down. probably 50,000 or way more new companies are formed every month, so unless all these 2000 companies are amongst the largest 100000 companies then it is of little consequence. All i see when taking my daughter to school and back here in Thailand is new developments going up everywhere, I also see the age of cars on the road becoming less with each year, I also see Thai's spending more money on "stuff" than ever before. My assumption from what I see is that the Thai economy is robust. Actual facts would be better in your next video.

[@siamskycam8200]

Also no substance to your limited observations. Get outside of your Bkk enclave and you’ll see a different story.

[@Ulbre]

@@siamskycam8200 I live in the rural north, so I guess you are just another useless commentor commenting for the sake of commenting....or you r just a douche?

[@keatkhamjornmeekanon7616]

Thai industry dies with the divestment of Japanese investors. That's the whole story is all about.

[@jonwick7635]

endonesa even worse

[@elmernagui744]

indonesia and vietnam is the new manufacturing hub

[@neilmanx1001]

@@elmernagui744 Only in your dreams.

[@harrykumoro4335]

​@@neilmanx1001😂 LG already built the first and the biggest battery for EV in South East Asia (Indonesia) 😂 when you are still dreaming 😂 We already do anything 😂

[@neilmanx1001]

@@harrykumoro4335 EV in South East Asia? And that is the proof of your so called manufacturing hub? 🤣

[@anlichandra]

​@@neilmanx1001many of textile manufactures close.. that's true my brother

[@cahyotrilaksono6006]

kirain cuma di Indonesia yang parah ternyata banyak yang lebih parah 🥲

[@sktang7145]

Snooze and you lose, keep blaming everyone but yourself. Btw, that’s how you teach your children isn’t it ?

[@ae101rulez]

Ape sampah sepet ni merepek sialll

[@ae101rulez]

Ape sepet ni sembang siakk

[@sastra9422]

Thailand economy crisis.

[@stevenduncan5695]

Maybe time for thailand to consider making its own vehicles, create a new car company maybe nationally owned and taxing all foreign imports, try to stabilise manufacturing jobs

[@ibafy6751]

Maybe make weed illegal again so you have more jobs for people

[@bluedragontoybash2463]

and they have to learn a new alphabet altogether :-(

[@rrahmed111]

Dear Al Jazeera Television please highlight the current situation in Bangladesh.

[@FoFo-gm2iv]

Karma

[@nafeekarim2780]

Thailand

[@ΘανάσηςΚού]

Thailand's products are of low quality and cheaply made. Chinese products are produced massively and are of better quality standards

[@Sjalabais]

Is a paper note board really a way to gauge business and employment activity? Stuff like that moved online everywhere else, why not in Thailand?

[@DanStratocaster1]

Same thing has been happening in the United States for decades….

[@jonpaul3868]

This is happen to almost every developing countries. I start to believe that China is really over producing

[@sobhansarthak6000]

More like they have signed an FTA like deal with ASEAN and flooding their markets now due to slowdown in western ones.

[@havencat9337]

Chinese opened the most factories in Thailand! biggest investment numbers in Thailand factory now comes from China!

[@morganoox3838]

"By 2030 you will own nothing"

[@ng.nahidgazi9871]

Hello world Please stand with Bangladeshi students😢

[@happy4ever305]

Even Thai restaurants in America are closed in numbers too. Thai food is no longer popular. People are looking for something different.

[@Fablopicassoii]

Thai restaurants still popular in Western countries. I don't know where you got this info from. Compare to other South East Asia countries. Thai foods have a solid ground in the US and international stage.

[@peena5408]

Dude, don't be so obvious. We are all know you are Cambodian taking advantages of bad news from Thailand. I mean Thailand has its problem. but not all aspects are bad. Thai food is still very popular where I live and traveled.

[@happy4ever305]

@@Fablopicassoii Dude. That’s bs. Vietnamese not Thai. In California. I counted at least 10 around my work place and where I live. Open closed, open closed, open closed. The one that are still open are quiet and the customers are Thai. Why don’t you search “Thai restaurants are closed”. It was on the news here. The lady sued Thai restaurant because she got injury from eating too spicy.

[@happy4ever305]

@@peena5408 Sorry Dude!. I am an American. Because I mentioned “Cambodia”?? I’ve been visiting Cambodia many times, not Thailand. In California. I counted at least 10 around my work place and where I live. The one that are still open are quiet and the customers are Thai.

[@happy4ever305]

@@peena5408 dude. 90% customers are Thai people NOT FARANG customers. I have Thai friends and all they want to eat is Thai food nothing else. And I didn’t see any Farang customers except Thai people. Now it’s closed, two of them.