Virtual trade missions

Thailand is the second largest economy in Southeast Asia.

According to the World Bank Group “Doing Business” 2020 report, Thailand is rated fifth for ease of doing business out of the 25 countries in the region. It has a growing middle class, good infrastructure, a strong industrial base, strong regional and global connectivity and globally significant industries.

Thailand’s infrastructure is currently undergoing transformation, and the Thai Government’s 20 Year National Strategy Thailand 4.0 to attain developed country status and transition to a digital economy is modernising its economy, driving reform and creating opportunities in technologies in:

• smart cities
• construction
• Industry 4.0
• Internet of Things (IoT)
• smart logistics
• medtech
• digital health
• fintech
• clean technologies
• agritech
• energy.

The business potential with Thailand is widely recognised by the Victorian Government, with a number of Global Victoria led trade missions to Thailand in 2016 and 2018 resulting in positive business outcomes for Victorian companies that participated.

Background

In September 2018 the Victorian Government released Globally Connected: Victoria’s Southeast Asia Trade and Investment Strategy. The Strategy highlighted the Victorian Government’s commitment to delivering trade missions to Southeast Asia. Virtual trade missions play an important role in helping to connect Victorian companies with opportunities across Southeast Asia. The Strategy highlighted opportunities in the technology sector in Thailand as one of the most prospective for Victorian tech firms.

The Thailand-Australia Free Trade Agreement provides Victorian exporters and investors increasingly good market access. Thailand is looking towards international partnerships to help deliver its economic reform strategies, many of which are technology based.

Applications are sought from Victorian technology companies with solutions in the areas of:

• smart cities
• construction
• Industry 4.0
• Internet of Things (IoT)
• smart logistics
• medtech
• digital health
• fintech
• clean technologies
• agritech
• energy.

Companies should be export ready, have clear mission objectives and a business case for doing business in Southeast Asia.

Virtual trade missions enable Victorian exporters to build market insights, explore opportunities, expand their networks, promote their capabilities and identify potential partners whilst under travel restrictions.

By participating in the mission, you will make important contacts from within the delegation, sharing expertise and exploring potential collaborations with other Victorian technology businesses that are on the same journey.

Attendees will also gain access to key decision makers and industry stakeholders from industry associations and businesses from the aforementioned technology sectors.

The mission is intimate accepting a maximum of 15 companies. A bespoke and tailored program will be produced for every company.

Itinerary

Pre mission briefing covering the following topics:

• Doing business in Thailand.
• Thailand’s economy.
• Key sector insights and opportunities.

Day 1 of the mission: Bespoke program for each delegate
Day 2 of the mission: Bespoke program for each delegate

Please note:

• each day of the mission is likely to be a commitment of 3 to 5 hours in the afternoon (AEDT) to accommodate time zone differences.
• business meetings may also occur on 9 and/or 12 March, requiring you to be flexible with your availability.

The delegates will be provided with assistance and opportunities that focus on achieving their business goals.

Pre mission:

• The Victorian Government Trade and Investment (VGTI) office in Malaysia will work together with a professional business matching service provider to assist in maximising business opportunities.
• A conference call to discuss your business needs in the market with the business matching service provider and appropriate partners.
• Support for media announcements/ stories you would like to propose.
• Promotion in the Victorian Government mission’s marketing materials and through social media channels.
• A pre-mission briefing, held online, prior to the mission’s commencement, plus an opportunity to network with other delegates.

On the virtual mission:

• Bespoke business matching program tailored to your company’s needs.
• Sector specific briefings delivered from Thai industry experts.
• Networking opportunities with Thai leaders in enterprise and the technology industry.

Post mission:

• An evaluation form will be distributed to all businesses.
• Where requested a follow up with delegates will be held.

Begin your application