Investment promotion applications in Thailand increased by 70% in the first half of 2023, reaching a value of 364.4 billion baht ($10.3 billion).
Foreign direct investments (FDI) saw a significant increase of 141%, with global companies favoring Thailand as a manufacturing base in industries such as electronics, food processing, and automotive, particularly in the electric vehicle (EV) supply chain.
Key Takeaways
- Foreign direct investment (FDI) in Thailand has soared, particularly in the electronics, food processing, and automotive industries, including the electric vehicle supply chain.
- The electrical appliances and electronics industry received the highest amount of investment, followed by the agro-industry and food processing sector, and the automotive and parts industry.
- Thailand’s strong fundamentals, including improving economic growth forecasts and increased competitiveness rankings, have contributed to the country’s attractiveness for investment.
The number of project applications also rose, with 891 projects filed during the period. FDI applications increased by 33% to 507…
