Inside Thailand's Market Boom: Largest Investment in a Decade

[snoop1130]

PM Paetongtarn at Parliament addressing call centre scams on February 28 | Photo via Ing Shinawatra/Facebook

 

Prime Minister Paetongtarn Shinawatra is upbeat about Thailand's economic future, highlighting a surge in foreign investments that topped 1.13 trillion baht last year, the highest in a decade.

 

In a recent "Empowering Thais" TV broadcast, the 38-year-old PM stressed the importance of political stability in attracting investors, while acknowledging last year's modest 2.5% GDP growth—a slight improvement from the previous year’s 2.0%.

 

"The Pheu Thai government’s policies are starting to show results, with a 3.2% growth in the last quarter of the year," she said, pointing to initiatives like free visas and support for investments as key drivers.

 

Since taking office, Paetongtarn has focused on boosting the economy through strategic fiscal measures and encouraging emerging industries. The Prime Minister acknowledged past challenges, such as a skilled labor shortage, particularly in sectors like semiconductors and electric vehicles.

 

 

Looking ahead, global giants like Google, TikTok, and NVIDIA plan to increase their investments in Thailand. Meanwhile, the electric vehicle sector sees increasing activity, with Chinese and Japanese companies expanding their operations in the country.

 

Paetongtarn pledged to continue driving economic growth, emphasizing the government's ambition to elevate Thailand’s GDP further. She also aims to bolster commercial bank lending to small- and medium-sized businesses, which account for 75% of the nation's enterprises.

 

"The journey to a more prosperous Thailand has just begun, and we need cooperation from all sectors to make this leap," she concluded, reported The Thaiger.

 

-- 2025-03-03

 

 

[proton]

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