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Home»Investments»Thailand’s investment commitments rose 31% to $6.2 billion in the January-March period, indicating strong future prospects, BOI announced
Investments

Thailand’s investment commitments rose 31% to $6.2 billion in the January-March period, indicating strong future prospects, BOI announced

prosperplanetpulse.comBy prosperplanetpulse.comMay 10, 2024No Comments2 Mins Read0 Views
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“Investment trends are Thailand We remain very strong, especially in key target sectors that lay the long-term foundations of the Thai economy and continue to grow at very high rates,” said Narit Tersterasukdi, Thailand’s Economic Secretary-General. . boy. “This reflects Thai’s It shows growing potential and investor confidence, and shows that we are poised to make 2024 a golden year for investing. Thailand. ”

The sector with the highest investment application value in the first quarter was the electronics and electrical equipment (E&E) industry, with an investment amount of 1 million yen. 2.09 billion dollars. Most of the projects are printed circuit board (PCB) manufacturing, wafer manufacturing for power electronics, smart electronic products and smart appliance manufacturing.

The other four sectors with the highest investment amounts were automobiles and parts ($578 million), petrochemicals and chemicals ($480 million),Digital (USD 475 million), agriculture and food processing ($361 million).

The number of foreign direct investment (FDI) applications increased by 130% during the quarter to 460 projects representing a total investment value. $4.6 billion, an increase of 16% from the previous year. The top five economies and regions in terms of FDI applications are: Singaporeand $1.1 billion, China ($942 million), Hong Kong ($722 million), Taiwan ($543 million), and Australia ($467 million), Each.Investment application from Singapore The top spot in the rankings is mainly due to major investments by the Chinese PCB manufacturer’s Singapore affiliate.

Regarding the location of the investment, Thai’s The Central Region was the area selected for projects with a total value of 300. $2.6 billion.

* 1 dollar approximately equal to 36.8 baht

about Thailand investment committee Los Angeles office

Thailand Investment Committee (boy) is a government agency under the jurisdiction of the Prime Minister’s Office. Our role and responsibility is to promote and facilitate foreign direct investment (FDI). Thailand. As a professional point of contact for companies, we provide valuable investment information, business support, and investment incentives, including tax and non-tax incentives.

boy Los Angeles The office covers the West Coast of the United States and Mexico. Our services are free and customized to help foreign companies succeed. Thailand.

For more information, please visit www.boi.go.th.

sauce Thailand investment committee



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