Thailand’s FDI attraction remains strong in 2022

Thai government spokesman Anucha Burapachaisri on March 2 said the country’s foreign direct investment (FDI) attraction remained strong in 2022, with FDI rising 36% to over 430 billion THB (12.3 billion USD).

Friday, March 03, 2023 08:27

Thailand’s FDI attraction remains strong in 2022 ảnh 1

Thailand’s FDI attraction remains strong in 2022. (Photo: nationthailand)

Bangkok (VNA) – Thai government spokesmanAnucha Burapachaisri on March 2 said the country’s foreign direct investment (FDI) attraction remained strong in 2022, with FDI rising 36% to over 430 billion THB(12.3 billion USD).

Thailand’s Board of Investment (BoI) approvedprivileges for 2,119 investment projects worth a total 660 billion THB in 2022.

China was the biggest foreign investor, followed byJapan, the US, Taiwan (China) and Singapore.

The spokesman said the rise in FDI was attributed toseveral factors, including the new long-term resident (LTR) visa, andprivileges for foreign companies moving their production bases to Thailand.

The BoI also promoted existing industries bystrengthening supply chains and logistics, as well as boosting 3-5-yearprivileges for target industries of electric vehicle, electric digital,creative, and BCG (bio, circular, green) businesses.

He insisted Thailand remained an attractive investmentdestination compared to other countries in the region, citing infrastructure ofinternational standard, a strong supply chain network, skilled workforce, andraw-material manufacturing.

The government will continue to promote strengthsand provide investment privileges in key industries to attract future foreigninvestors, he added./.

VNA

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