World

Thailand secures 2.3 billion USD in foreign investment in nine months

Foreign investment in Thailand reached 84 billion THB (2.3 billion USD) during January – September, down 15% as compared to the same time last year.
Thailand secures 2.3 billion USD in foreign investment in nine months ảnh 1Deputy Minister of Commerce Napintorn Srisangpang (Photo: bangkokpost.com)

Bangkok (VNA) – Foreign investment in Thailand reached 84 billionTHB (2.3 billion USD) during January – September, down 15% as compared to thesame time last year.

The country's Deputy Minister of Commerce Napintorn Srisangpang said the Foreign BusinessCommittee granted license for 493 investment applications during the period, up13% year-on-year.

The investments led to the employment of 5,703 Thai workers, a year-on-yearincrease of 41%.

Top five foreign investors in terms of investment applications were Japan(111), the US (80), Singapore (77), China (38), and China’s Hong Kong (20).

Regarding investment value, Japan led the pack with 22.9 billion THB, followedby Singapore (20.5 billion THB), China (13.3 billion THB), China’s Hong Kong(5.36 billion THB), and the US (3.98 billion THB).

Mostof the projects were in petroleum drilling services within surveyed areas inthe Gulf of Thailand; maintenance and repair services for offshore petroleumwells; design, procurement, installation, improvement, development, testing,integration and operation services for electric railway projects; among others.

Napintornsaid during the period, 99 foreign investors expressed interest in investing inthe Easter Economic Corridor (EEC), representing 20% of the total number ofinvestors. The value of investment in the EEC tallied 16.1 billion THB./.

VNA
#Thailand#foreign direct investment#investment license#foreign investors#Japan#Easter Economic Corridor#Vietnam News Agency#Vietnamplus
Follow VietnamPlus

Related News

Thailand, Japan vow to boost economic ties

Thailand, Japan vow to boost economic ties

Japanese Foreign Minister Kamikawa Yoko and her Thai counterpart Parnpree Bahiddha-Nukara agreed on October 12 in Bangkok, Thailand that the two countries will enhance economic cooperation.
Thailand delays 15 billion USD digital wallet scheme

Thailand delays 15 billion USD digital wallet scheme

Thailand’s Deputy Minister of Finance Julapun Amornvivat on October 19 announced that the scheme to give 10,000 THB (274 USD) in handouts via digital wallets to more than 50 million people in the country will not be started on February 1, 2024 as planned.

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.