Board of Investment Unveils Thailand 2019 Investment Applications Worth USD25bn, Higher than Target

Event Calendar Press Releases Tuesday January 14, 2020 16:17
Bangkok--14 Jan--Thailand Board of Investment (BOI)

The total value of investment applications received by the Thailand Board of Investment (BOI) for the full year 2019 reached 756.1 billion baht (about USD25 billion), above the 750 billion baht target, while the number of projects submitted increased 7% from a year earlier to 1,624 projects, Deputy Prime Minister Somkid Jatusripitak told reporters.

Out of the total applications, 59% were for investments in the area known as the Eastern Economic Corridor (EEC), which totaled 444.9 billion baht in value, due to several large projects, including the construction of the high-speed train linking 3 airports, Mr Somkid said after a policy meeting held at the BOI offices in Bangkok.

Also, some 286.5 billion baht (about USD9.5 billion) worth of applications, or 38% of the total, involved investments in the target industries, he said. The top three industries in terms of the value of applications were electronics, automotive and petrochemicals.

The value of applications for foreign direct investments (FDI) amounted to 506.2 billion baht (about USD16.7 billion), representing about two third of the total value of all applications received, BOI data showed.

In terms of the source of the FDI applications, out of a total of 991 projects submitted, Chinese companies led in terms of value, with investors from Japan, Hong Kong, Switzerland, and Taiwan completing the top five, BOI data showed.

"Despite the very competitive and challenging environment, investors continue to express their confidence in Thailand," added Ms Duangjai Asawachintachit, Secretary-General of the BOI. "The percentage of projects applying for investment in the EEC and our target industries show our policies are going in the right direction."

For more information, please contact:
Thailand Board of Investment
Tel. +66 (0) 2553 8111
Website: www.boi.go.th

Latest Press Release

Photo Release: EXIM Thailand Holds Online Advisory Program to Help SMEs Develop Export Business Plans for Post-COVID-19 China Market Penetration

Mrs. Wantana Mongkolsri (second left), Senior Executive Vice President of Export-Import Bank of Thailand (EXIM Thailand), recently welcomed Mr. Veerachai Monsintorn (second right), Chairman of Thailand-China Industrial Cooperation Institute (TCICI), the...

Nut Walker launches 7.7 Surprise Sales offering 20% discount for nut lovers

Nut Walker, premium nut snacks brand under Heritage Group, launches special promotions under the special campaign “7.7 Surprise Sales”. The campaign offers 20% discount on all premium nuts such as Nut walker Mixed Nuts Natural Toasted &...

LIXIL introduces the SATO Tap, a novel handwashing station that aims to improve hygiene for millions in developing economies

Washing your hands thoroughly with soap reduces the spread of disease and can help prevent COVID-19 infection. But for approximately 3 billion people around the world, this step is out of reach. According to UNICEF, 40% of the world’s population...

มหกรรมช้อปหยุดโลก “สหกรุ๊ปแฟร์ออนไลน์ ปี 63” จัดสินค้าเครือสหพัฒน์ ลดกระหน่ำสูงสุด 80% ที่ LAZADA-SHOPEE-JD CENTRAL 2-5 ก.ค.นี้

เครือสหพัฒน์ ร่วมกับ LAZADA SHOPEE และ JD CENTRAL จัดมหกรรมช้อปหยุดโลก “สหกรุ๊ปแฟร์ออนไลน์ ปี 63” เชิญผู้สนใจเลือกซื้อสินค้า Fashion, Lingerie, Health & Beauty, Baby & Toddler, Household, Grocery และ Services & Education...

Cloud4C, World's Leading Cloud Managed Services Provider Launches its Operations in South Korea

Cloud4C, the world's leading cloud Managed Services announced launch of its operations in South Korea. Cloud4C delivers a broad array of services including cloud migration to hyperscalers, hybrid cloud, cloud managed services, IT modernization services,...

Related Topics