Thailand investment value surges 77% with South Korea as top foreign investor

[snoop1130]

Photo via Freepik

 

Investment in Thailand experienced a significant surge in the first quarter of the year, with a 77% year-on-year increase to 185.7 billion baht, primarily driven by 397 project proposals. The Board of Investment (BoI) revealed that South Korea emerged as the leading foreign investor during this period.

 

Foreign investment constituted 155.2 billion baht of the total investment, marking a 115% year-on-year growth. Narit Therdsteerasukdi, secretary-general of the BoI, said…

 

“South Korean investors were ranked first, with investment worth 31.4 billion baht.”

 

Singapore came in second with 29.7 billion baht, followed by China with 25 billion baht, and Japan with 24.7 billion baht.

 

The rise in investment value has been attributed to the easing of pandemic restrictions and the government’s decision to fully reopen the country for foreign business people. Furthermore, numerous international companies have opted to relocate their production facilities to Thailand to circumvent the impact of geopolitical conflicts.

 

Full Story: https://thethaiger.com/news/business/thailand-investment-value-surges-77-with-south-korea-as-top-foreign-investor

 

-- © Copyright Thaiger 2023-05-23

 

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[hotchilli]

With a new government ie non-military that might increase substantially more.

As long as the EC or senate don't do the ridiculous.

[mikebell]

13 hours ago, snoop1130 said:

Furthermore, numerous international companies have opted to relocate their production facilities to Thailand

I don't understand why any foreign company would want to surrender 51% of its shares to Thailand; particularly in countries where Thais are treated fairly.

[zzaa09]

40 minutes ago, hotchilli said:

With a new government ie non-military that might increase substantially more.

As long as the EC or senate don't do the ridiculous.

We might start by removing any trace of crony militarism throughout the government......which still stands.