Thailand is a country in Southeast Asia with a buzzing economy, thanks in part to foreign workers. In 2009, the global recession hit, causing negative growth, but by 2010, the country bounced back with a 7.6% growth rate.
Economic Ups and Downs
Despite some setbacks, like flooding in 2011 and an economic dip after 2012, Thailand’s economy started picking up again in 2015.
Agriculture is big, employing over 30% of Thai workers, but it only contributes 11.6% to the overall economy. The service industry, where half the workforce is, plays a bigger role, making up more than half of the country’s total economy.
Life in Bangkok
There’s a gap between rural areas and big cities like Bangkok. Rural folks focus on farming for their livelihoods and the global market, while Bangkok, especially the Central Business District (CBD), is where the action is. The CBD is home to the Thai Stock Exchange and international banks like Barclays, Crédit Suisse, Deutsche Bank, and HSBC.
Job Opportunities
Here are two job opportunities in Thailand:
1. Customer Service Representative (On-Site)
Roles & Responsibilities:
- Manage customer accounts.
- Take and process orders, ensuring the right prices and informing customers about delays.
- Meet performance targets and ensure on-time delivery.
- Work with other departments like Logistics and Sales.
- Handle account issues and find solutions.
2. Global Supply Chain Specialist
Roles & Responsibilities:
– Plan demand strategically.
– Source products internationally.
– Negotiate pricing and terms with foreign suppliers.
– Study market trends and maximize sales.
– Use data analysis tools.
– Enhance processes and coordinate with other departments.
Working in Thailand: Important Details
Before working in Thailand, make sure you have a signed job contract and a B visa with a work permit. Working without proper permits can lead to trouble.
Labor Restrictions
Some jobs are off-limits for foreigners, like construction, retail, and office assistance. But if you’re skilled in ICT, petrochemicals, medical tech, manufacturing, engineering, finance, trade, or have good English and some Thai knowledge, you’re in luck.
Investing and Starting a Business
If you’re thinking about investing or starting a business, be aware of restrictions. Seek legal advice and avoid forming a company just to get a visa or bypass property limits.
Starting a Business in Thailand
If you plan to start your own business, consider a Private Limited Company. You’ll need three promoters, with Thais owning more than 50% of the shares. Be ready to invest and follow Thai business laws, including tax registration and keeping proper accounting records.
