"There are a lot of subsidies here right now, and the government seems to be making a strong push into the EV space. I'm curious if Thailand will pull ahead of Singapore and Malaysia in terms of EV adoption. For instance, last year, nearly 10% of all new car sales were EVs. On the production side, the government aims for 30% of total vehicle production to be electric by 2030. There are a lot of promising tailwinds and inflection points. If I were a founder, this is definitely an area I’d be excited to explore and think about in terms of future opportunities." - Wing Vasiksiri, General Partner & Founder of WV Fund" - Wing Vasiksiri
"For the last several months to about a year, a lot of foreign capital had left the Thai market during a prolonged period of selling. But once the new Prime Minister was elected, there seemed to be a significant re-entry of capital, which I found surprising. We had discussed how foreign investors were waiting for stability and fewer government changes, but this shift appears to have prompted a lot of capital to flow back in. I’m not entirely sure of the exact reason, though I’ve heard some say that the capital had been sitting out for a while, waiting for the right moment to return, and this election served as the catalyst that sparked renewed interest." - Wing Vasiksiri, General Partner & Founder of WV Fund" - Wing Vasiksiri
"The big change is that the previous Prime Minister came from more of a business background, while the new PM has a long history in politics, with both her father and aunt having served as Prime Ministers. So, I’m sure she understands how the political landscape works and how to navigate it. Like you said, her father was historically very pro-business, and I think that’s one key difference. However, in terms of key initiatives, a lot of what they are focusing on seems quite similar." - Wing Vasiksiri, General Partner & Founder of WV Fund" - Wing Vasiksiri
In this episode, Jeremy Au speaks with Jeremy Au on Thailand: new Prime Minister Paetongtarn Shinawatra, founder failure stigma, and electric vehicle (EV) manufacturing with Wing Vasiksiri.
Keywords: Thailand, New Prime Minister Paetongtarn Shinawatra, Founder Failure Stigma, Electric Vehicle EV Manufacturing, Wing Vasiksiri, Thailand, VC, Mobility, Thought Leadership
