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Investment applications to Thailand skyrocketing

The Thailand Board of Investment (BoI) announced on October 21 that investment applications in Thailand surged by 42% in the January - September period compared to the same period last year, led by electronics manufacturing and data center projects.

Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment (BOI) (Photo: finance.yahoo.com)
Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment (BOI) (Photo: finance.yahoo.com)

Bangkok (VNA) - The Thailand Board of Investment (BoI) announced on October 21 that investment applications in Thailand surged by 42% in the January - September period compared to the same period last year, led by electronics manufacturing and data center projects.

The BoI reported that the total value of investment applications during this period rose to 723 billion THB (21.6 billion USD), the highest in a decade, with a significant portion coming from foreign investors. Foreign investment applications increased by 38% year-on-year, reaching 547 billion THB, with Singapore and China being the top investors.

The board highlighted that Thailand’s robust digital infrastructure, access to clean energy, and strong government support are creating an ideal environment for investments in data centers and advanced technologies, including semiconductor wafer production./.

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