Foreign Investment Applications in Thailand in First Half of 2021 Increase 158%

[snoop1130]

 

BANGKOK (NNT) - Thailand’s Board of Investment (BoI) has revealed that investment applications in the first half of this year rose by 158% from a year earlier, to 386 billion baht, led by the electronics and medical sectors.

 

BoI Secretary-General Duangjai Asawachintachit said foreign investors, including many new ones, have chosen to invest in Thailand at a time when the global investment environment remains challenging, due to the continued impacts of the COVID-19 pandemic.

 

She said that this demonstrates investors’ confidence in Thailand’s strengths in key industries, such as electronics, medical supplies and biotech. Japan, the United States and China were the top three source countries of FDI applications.

 

According to the BoI, in the first half of 2021, the electrical and electronics sector attracted the most investment, with 61 billion baht worth of projects, up 136% year-on-year. The medical sector came in second with projects worth 43 billion baht, more than triple that of a year earlier.

 

-- © Copyright NNT 2021-08-10

 

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

- Follow ASEAN NOW on LINE for breaking COVID-19 updates

[NicholasTH]

[Caldera]

These FDI numbers are hardly impressive, considering that they are totals for the respective industries. Tesla invests more than that to build their "giga factory" in Germany, and that's just one company.

[mikebell]

Why would a foreign company want to invest in a sinking ship?  What do they know?  Have they ever observed the average Thai worker attempt to fill his day?

[TKDfella]

23 minutes ago, mikebell said:

Why would a foreign company want to invest in a sinking ship?  What do they know?  Have they ever observed the average Thai worker attempt to fill his day?

That's what the other thread says today 'A foreign business confidence index in the second quarter dropped to 27.7...' Foreign investors see Thai economy shrinking this year - survey

[hotchilli]

15 hours ago, snoop1130 said:

Thailand’s Board of Investment (BoI) has revealed that investment applications in the first half of this year rose by 158% from a year earlier, to 386 billion baht, led by the electronics and medical sectors

 

[Cake Monster]

13 hours ago, Caldera said:

These FDI numbers are hardly impressive, considering that they are totals for the respective industries. Tesla invests more than that to build their "giga factory" in Germany, and that's just one company.

I wonder just how many of these " Applications " are just potential enquiries about Investment.

Thailand has lost its luster and Vietnam will see most of that potential Investment.

 

[spidermike007]

Fairly ridiculous information considering we were in the grip of the first wave of Covid last year. It is a bit like saying Burundi has experienced 7% growth. But, growth from what depths?

 

So, some companies are more confident and willing to invest a bit. $12 billion in foreign investments is not much. 

[Eric Loh]

1 hour ago, Cake Monster said:

I wonder just how many of these " Applications " are just potential enquiries about Investment.

Thailand has lost its luster and Vietnam will see most of that potential Investment.

 

FDI are direct inflows of investments not enquiries. 

[Sydebolle]

What is it now; shrinking or increasing? 
 

 

 

[Mavideol]

22 minutes ago, Sydebolle said:

What is it now; shrinking or increasing? 
 

 

 

am with you man, getting confused as contradictory posts keep coming ....555

[lapamita]

THIS is NO Bul************* if you cant read it well, they are TRUE.................but

 

- Thailand’s Board of Investment (BoI) has revealed that investment applications in the first half of this year rose by 158% from a year earlier, to 386 billion baht, led by the electronics and medical sectors.

 

this will be a total of 7xx billion for the full year

and therefor the growth  is  0  or less even its not inflation adjusted compare to 2019 or a heavy negative growth compare to 2018 , because

 

Thailand Board of Investment (BOI) for the full year 2019 reached 756.1 billion???? baht (about USD25 billion) and  in 2018 reached 901,77 billion baht,

 

so only growth if you compare it to the lockdown period 2020 ,anywhere in any country they are up when you compare to this timeframe. only speculative money comes to thei , inflows in capitalmarkets and the foreign currency reserve is rising,,, due to printing  and easy money in the us ,whats flooding the world ( nearly all emerging country  have more reserves than bfr)

Edited August 11, 2021 by lapamita