Foreign investment in Thailand surges for January-July

Thailand has seen a significant increase in foreign investment inflows for the first seven months of this year.

Wednesday, September 07, 2022 11:06

Foreign investment in Thailand surges for January-July ảnh 1

Illustrative image (Photo: https://thainews.prd.go.th/)

Bangkok (NNT/VNA) - Thailand has seen a significant increase inforeign investment inflows for the first seven months of this year.

Data figures from the Ministry of Commerce indicated that the kingdom attracted73.64 billion baht (about 2 billion USD) in foreign investment over theJanuary-July period, 28.93 billion baht more than the same period of last year.

Acting Government Spokesperson Anucha Burapachaisri said this was boosted bythe country’s investment promotion policies and reflects foreign investorconfidence in Thailand’s development outlook.

He added that the top three sources of foreign investment inflows during theJanuary-July period were Japan, Singapore and the United States.

Boosted by recovery in the tourism sector, Thailand’s economy expanded 2.4%year-on-year in the first half of 2022 and the Bank of Thailand (BOT) expectsannual economic growth to reach 3.3% by year end./.

VNA

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