Foreign Investment Flourishes in Thailand

[webfact]

    
BANGKOK (NNT) - In the first nine months of 2023, foreign investment in Thailand significantly rose, exceeding 84 billion baht.

 

Deputy Minister of Commerce, Napintorn Srisanpang, released a report on foreign business operations under the Foreign Business Act, B.E. 2542 (1999 CE). Over this period, the number of foreign investors increased to 493, marking a 13% rise from the previous year.

 

This comprised 166 investors via business license channels and 327 via business certification channels, with a cumulative investment sum of 84 billion baht, and a 41% rise in employment, benefiting 5,703 Thais.

 

The predominant investing countries were Japan, with 111 investors at nearly 23 billion baht, followed by the United States, Singapore, China, and Hong Kong.

 

Investments mainly funneled into sectors enhancing the nation’s competitive capacity like petroleum exploration, electric train project management, medical equipment and supplies, onshore natural gas pipeline construction, and design services for metal molds in automotive parts production.

 

Within the EEC area, foreign investors contributed 20% to the total investor count, with an investment value of 16,140 million baht, representing 19% of the overall investment.

 

It is projected that foreign investment will continue to rise in the final quarter and throughout 2023, potentially exceeding the government’s targets, thereby catalyzing a swifter recovery of the Thai economy.///

 

by Namo Vananupong

 

Source: NNT 2023-10-28

 

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[bubblegum]

2 weeks ago it was down 20 %

[StayinThailand2much]

1 hour ago, bubblegum said:

2 weeks ago it was down 20 %

 

Two or three days ago I read in "The Thaiger" that foreign investment declined...

 

Also, '84 billion baht benefitting the employment of 5,703 Thais'? That's a large sum for each created job...

[John Drake]

2 hours ago, webfact said:

The predominant investing countries were Japan, with 111 investors at nearly 23 billion baht, followed by the United States, Singapore, China, and Hong Kong.

 

American investors should reorient themselves towards the Philippines. Thailand is becoming a hostile anti-American member of the Russian/Chinese Axis.

[freeworld]

16 minutes ago, John Drake said:

Thailand is becoming a hostile anti-American member of the Russian/Chinese Axis

No it is not.

[roquefort]

26 minutes ago, freeworld said:

No it is not.

Oh yes it is.

[FruitPudding]

No thanks, I'd never invest here. Too crooked.

[Mavideol]

2 hours ago, bubblegum said:

2 weeks ago it was down 20 %

they learn from the Chinese how to manipulate numbers... I never believe any estimates from Thai government just look at the type of industries he claimed were the focus of investment

[freeworld]

39 minutes ago, roquefort said:

Oh yes it is.

From the US dept of state fact sheet

 

https://www.state.gov/the-united-states-thailand-relationship/

 

''The United States and Thailand are Close Partners and Allies''

[roquefort]

8 minutes ago, freeworld said:

From the US dept of state fact sheet

 

https://www.state.gov/the-united-states-thailand-relationship/

 

''The United States and Thailand are Close Partners and Allies''

The US government says? Now I know it's not true.

[hotchilli]

4 hours ago, bubblegum said:

2 weeks ago it was down 20 %

It's a bit like the wind... it changes every day

[sscc]

2 hours ago, John Drake said:

 

American investors should reorient themselves towards the Philippines. Thailand is becoming a hostile anti-American member of the Russian/Chinese Axis.

 

All Investors only see   $$$$$$$$     Anti this-Anti that is no concern. 

Risk is also bearable as long as there will be high profit,  high return. 

 

Just Business Course 101

 

[PETERTHEEATER]

5 hours ago, bubblegum said:

2 weeks ago it was down 20 %

The PMs smile on his many foreign trips has would be investors clamouring at his office door......

[PETERTHEEATER]

3 hours ago, freeworld said:

No it is not.

All together now....."Oh yes it is"😅

[zzaa09]

Would love to see the true itemized records of where it's coming from and how it's being used. 

 

 

Investment.

Indeed.

[Mike Lister]

39 minutes ago, zzaa09 said:

Would love to see the true itemized records of where it's coming from and how it's being used. 

 

 

Investment.

Indeed.

https://www.boi.go.th/index.php?page=statistics_oversea_report_st&language=en

[MangoKorat]

I don't believe a word of it.  Much the same as their announcements on tourism, first its doing great, surpassing all expectations then, just a couple of months later, its down and missing targets.

[retarius]

20 hours ago, John Drake said:

 

American investors should reorient themselves towards the Philippines. Thailand is becoming a hostile anti-American member of the Russian/Chinese Axis.

Stupid comment, lacking any sense at all. 

[paddypower]

20 hours ago, StayinThailand2much said:

 

Two or three days ago I read in "The Thaiger" that foreign investment declined...

 

Also, '84 billion baht benefitting the employment of 5,703 Thais'? That's a large sum for each created job...

More BS from the smoke and mirrors government. the answer is probably 'no' meaning many of these investors were setting up robotic plants. plus - you don't empoly a lot of regular Thais to work on oil & gas rigs.

[BayArea]

Lol!!! These reports are just funny.  Next week they'll say foreign investments are down again because blah, blah blah...