In the first five months of 2023, Thailand acquired overseas investments amounting to forty five.4 billion baht, with Japan being the most important spender in the improvement of businesses in the nation. The figures launched by the Commerce Ministry show Japan’s investments reaching 15.9 billion baht, followed by China at 11.5 billion baht, and Singapore at 6.35 billion baht.
The Business Development Department’s Director-General, Thosapone Dansuputra, said that the Foreign Business Committee accredited a total of 274 investment purposes under the Foreign Business Act throughout the interval, revealing a 16% increase in comparison with the previous 12 months. However, the whole funding of forty five.four billion baht showed an 18% lower from the identical timeframe within the preceding 12 months, Bangkok Post reported.
These investments have created employment alternatives for two,999 Thai nationals, albeit a discount of 23 positions. The prime five international traders include: Japan, with 63 applications and 15.9 billion baht invested; China, with 19 functions and an investment of eleven.5 billion baht; Singapore, with 46 purposes and an investment of 6.35 billion baht; Hong Kong, with 12 purposes and an investment of two.ninety nine billion baht; and the US, with 48 purposes and an investment of 2.forty five billion baht.
Official explained that many of the companies granted licences during the year align with Thailand’s infrastructure development and investment promotion insurance policies designed to enhance the country’s competitiveness. He cited businesses involved in petroleum drilling services within the Gulf of Thailand, railway challenge providers, natural gas pipeline building, e-commerce companies and international enterprise centres catering to international enterprise associates.
In the first 5 months of the year, forty eight overseas investors expressed curiosity in investing within the Eastern Economic Corridor (EEC), contributing to 18% of the whole international investors. The EEC noticed a total funding of 9.44 billion baht, representing 21% of the general investment..