Foreign investment in Thailand increased by 60% to 134 billion baht in 2024, driven by Japan, with 28.3 billion baht in platform/software sectors creating 2,505 jobs.
Surge in Foreign Investment
Foreign investment in Thailand saw a remarkable 60% rise, reaching 134 billion baht in the first nine months of 2024, with Japan leading as the top investor. This surge highlights the growing confidence among foreign investors in the Thai market, attracting significant capital inflows.
Impact on Employment and Economy
The influx of foreign capital has directly contributed to creating 2,505 new jobs for Thai workers, significantly benefiting the local economy. Government spokesman Jirayu Houngsub noted that 636 businesses secured approvals under the Foreign Business Act, marking a 29% increase compared to the previous year, showcasing the positive momentum in investment activities.
Focus on Technology Sectors
The platform and software sectors are at the forefront of this investment boom, attracting 28.3 billion baht. This trend highlights the critical role of technology-driven industries in Thailand’s economic strategy, with key investors also coming from Singapore, Taiwan, and Malaysia, reinforcing Thailand’s position as a regional investment hub.
Source : Thailand’s foreign investment soars 60% in first nine months
