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Thailand surpasses 2018 investment attraction target

Total registered investment in Thailand reached a total of 902 billion THB (28.2 billion USD) in 2018, 43 percent higher than the previous year and beating the set target of 720 billion THB, according to the Thai Board of Investment (BOI).
Thailand surpasses 2018 investment attraction target ảnh 1An aerial view of Bangkok capital city of Thailand (Photo: bkkprep.ac.th)

Bangkok (VNA)– Total registered investment in Thailand reached a total of 902 billion THB (28.2billion USD) in 2018, 43 percent higher than the previous year and beating the set target of 720 billion THB, according to the Thai Board of Investment (BOI).

Thai and foreign firms submitted a total of 1,626 projects in Southeast Asia’ssecond-largest economy, up 3 percent against 2017, the agency said in astatement.

Of those, 84 percent were in the government’s target industries, includingdigital health care, petrochemical and robotics, with a total value of 758billion THB.

As many as 680 billion THB of planned investment was for the Eastern EconomicCorridor, much higher than the target of 300 billion THB set earlier.

The BOI targets 750billion THB of investment pledged in 2019, only slightly higher than lastyear’s target due to uncertain global economic conditions and escalatingUS-China trade tension. To reach this goal, the agency will carry outprogrammes to lure investment, with the first taking place from January 30 toFebruary 2 in Japan’s Kansao, Osaka and Kobe prefectures, focusing on thefields of electronics and medical equipment.

In March, Chinese and Japanese investors plan to organise a meeting on investmentcooperation in Thailand. Also this time, the BOI will hold a seminar on therole of Thailand in connecting Cambodia, Laos, Myanmar and Vietnam.-VNA
VNA
#registered investment in Thailand#Thai Board of Investment#Eastern Economic Corridor#foreign investment in Thailand#Thailand's investment attraction#Vietnamplus#Vietnam News Agency
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