Thailand gets 100bn baht foreign investment for 2021 fiscal year

[snoop1130]

 

BANGKOK (NNT) - Despite the new wave of COVID-19 being a major concern in Thailand, the country is still known to be attractive in the eyes of foreign investors. The foreign investment figure from October 2020 to March this year was valued over 100 billion baht, with the automotive industry being one of the star players.

 

The Industrial Estate Authority of Thailand (IEAT) has revealed the total foreign investment figure in the first six months of 2021 fiscal year, from October 2020 to March 2021, to be 106 billion baht, a significant 78 billion baht growth year on year.

 

The IEAT Governor Somjin Piluek, said today the jump in foreign investment value is a result of the start of new businesses at industrial estates within the past 1-2 years, which resulted in continual investment and expansion.

 

She said the figure reflects more demand from investors to expand their investment, especially in the automotive and transportation industries, steel and metal, rubber, plastics and synthetic leather, engines, machinery and parts, electrical appliances and electronics, as well as scientific instruments, which are also the sectors seeing the highest level of investment in Q1-2 this year.

 

Despite the increase in the foreign investment figure, there are now some 4,655 workers employed in industrial estates, which is 42% fewer year-on-year, as manufacturers are adopting more automated technology on their production lines.

 

From Q4 2020 to Q2 2021, only 75.68 hectares (473 rai) of land have been sold or rented, which is 66.13% below the year-on-year figure. Most of these land transactions are located in the Eastern Economic Corridor (EEC).

 

The IEAT governor said land demand by foreign investors still persist, despite travel restrictions imposed due to the pandemic, thanks to the infrastructure developed by the government, which helps attract new investments at industrial estates.

 

-- © Copyright NNT 2021-04-19

 

- Whatever you're going through, the Samaritans are here for you

- Follow Thaivisa on LINE for breaking COVID-19 updates

[ParkerN]

Accept the info as given. I guess we'll see if it's the light at the end of the tunnel or an oncoming train.

 

In general though, beautiful blossoms do not grow on a cesspit.

 

 

[ThailandRyan]

So which major corporations invested in Thailand, unless you have a non-disclosure agreement with them please be transparent and dispense with the names and the projects please.  Unless you do then I call BS and lend more credence to it being a shell corporation of a company or a billionaire already in Thailand.

Edited April 19, 2021 by ThailandRyan

[ukrules]

I wonder what the 2019 figures were?

[Albert Zweistein]

75.68 hectares of land have been sold or rented, sold to foreign investors ?

[hotchilli]

13 hours ago, snoop1130 said:

The foreign investment figure from October 2020 to March this year was valued over 100 billion baht, with the automotive industry being one of the star players.

Yeah okay !

[Brierley]

9 hours ago, ukrules said:

I wonder what the 2019 figures were?

USD 10bill. in 2018, USD 4 bill. in 2019.

[Caldera]

The whole country, over half a year? That's almost nothing, in real world money!

 

To put those 100 billion baht in perspective: Tesla is building a factory in Germany that is estimated to cost 4 billion Euro, which is more than 100 billion baht. One company, one factory.

 

[Srikcir]

Usually the EEC is one of the stars for foreign investments, but no mention now?