Foreign investment in Thailand reaches highest level in a decade
Foreign investment in Thailand has reached its highest level in a decade, totaling $21,4 billion.
The Thai Investment Promotion Board (BOI) reported that the value of investment promotion applications increased by 42% between January and September this year to an impressive total of 722,5 billion baht (US$21,4 billion), representing the highest level of investment since 2015.
In addition, the number of investment applications increased by 2024% in the first nine months of 46, from 1.501 projects in the same period of 2023 to 2.195 projects. This increase underscores Thailand’s growing appeal as a destination for foreign investors, who are benefiting from favorable economic conditions and the government’s efforts to encourage foreign investment.
Investments were concentrated mainly in five key target sectors, namely electrical equipment and electronics, digital, automotive and components, agriculture and food processing, and petrochemicals and chemicals. These sectors all play a strategic role in Thailand's economic development and benefit from both domestic and foreign demand.
In terms of the origin of foreign direct investment (FDI), Singapore was the largest source, followed by China, Hong Kong, Taiwan and Japan. This shows that Southeast Asian and East Asian countries play a major role in the flow of capital to Thailand, taking advantage of the country's opportunities in technological innovation, manufacturing and logistics.
The rising investment is an indication of the confidence that foreign companies have in Thailand’s economic prospects. The country remains attractive due to its strategic location, well-developed infrastructure and incentives for foreign investors. The BOI remains committed to maintaining this positive investment climate and promoting further growth, which contributes to Thailand’s economic resilience and development.
I read this message with very mixed feelings.
The decision to completely change course at working age and move to Thailand to start from scratch had to do with the knowledge that Asia would become important. Europe is getting old and in Asia the population is quite young, so there will come a tipping point when the capital goes to Asia.
The EU had plenty of opportunities around 2012 to have production of cheap goods take place in Southern European countries, but they were asleep and China is laughing loudest.
Now, the current reality is that more and more countries no longer accept the supremacy of the West, but it so happens that the leaders of those countries are quite dictatorial.
Should you be happy as Thailand to become the strategic partner in geopolitics and what direction does the government actually choose now? The people are not worried about it now but wait until you become the slave.
The current government is opening the doors to turning Thailand into a Chinese province, so that's going to be fun for generations to come.
The freedom and happiness lifestyle praised by the West is in dire straits and they just let it all happen. Musk is the disadvantage of the West and so rich that he is acting increasingly crazy and is no different than the current dictators.
Everything revolves around gaining power as if we were living somewhere in the early Middle Ages.
Man himself is the cancer of this planet and history is always forgotten.
But in Thailand, they can once again boast that there is a record of investments, with only the question of who will fill those jobs. Oh well, a minor detail.
And so it is Eric, weren't the Japanese brand factories of Subaru and Suzuki in the news recently because they are going to close or are already closed.
The Suzuki cars now being assembled for the Thai market now come from Indonesia.
And what will take its place? Yes, subsidized car assembly factories from China.
Especially BYD and Greatwall motors and what dares to call itself MG.
So I also wonder how fast those investments are going here in Thailand, from countries that are not related to China.
Janneman.
Fair comment about the disappearance of Subaru and Suzuki…Chevrolet had already left T'land earlier. Now let's see if the so-called investments also translate into economic growth or disappear into the pockets of overzealous politicians…
And then today I read in Bangkok Post:…. Bangkok housing market set to decline amid poor economy…. Read in that article also about:…due to country's sluggish economy….
It is a mystery to me how Thailand, with a population so deeply in debt, still keeps the THB so strong.
The Thai in debt.
—The foreigner here, either with 65000 THB per month or 400.000/800.000 THB in the bank or a combination of
all this.
—The new Thai world tax plans projected on foreigners.
—Add up what the foreign tourist pays in hidden taxes in his ticket.
Now another additional 300 THB tourist tax is coming.
— You have a retirement visa and to top it all off you have to buy a Re-Entry visa for exit/entry
for 1000 THB per time or 3800 THB for 'unlimited'.
Stupid, it has no administrative or state security function at all.
It's all just plain cash cow business.