In the first half of 2024, BOI saw a 35% increase in investment promotion applications totaling 458.36 billion Baht, driven by sectors like electronics and automotive. Singapore leads in FDI, with future plans to attract investments in electric vehicles, semiconductors, and data centers.
Investment Promotion Applications Surge in 2024
The Board of Investment (BOI) reported a 35% increase in investment promotion applications in the first half of 2024, totaling 1,400 projects with an investment value of 458.36 billion Baht. Key growth sectors driving this surge include electronics, automotive, and agriculture. Foreign Direct Investment (FDI) has shown robust growth, with Singapore leading in investments, particularly in the electronics industry.
Enhancing Thailand’s Competitiveness Through Investment
The BOI aims to enhance Thailand’s competitiveness by attracting investments in new industrial bases like electric vehicles, semiconductors, and global data centers. Plans for proactive initiatives in the second half of 2024 include roadshows in South Korea, China, India, and Singapore. This strategy is aimed at integrating global industries and improving Thai SME efficiency to establish Thailand as a key regional center for advanced industries and technologies.
BOI Reports Substantial Increase in Investment Promotion
The BOI reported a substantial increase in investment promotion applications for the first half of 2024, with 1,400 projects requesting promotion and a total investment value of 458.36 billion Baht. This growth was driven by key sectors like electronics, automotive, and agriculture. FDI also showed significant growth, with Singapore leading the way in investments, particularly in the electronics industry. Plans for the latter half of 2024 include initiatives to further boost Thailand’s competitive edge and attract investments in emerging industrial sectors.
Source : BOI sees strong growth in investment promotion applications in H1 2024
