According to the Thailand Board of Investment (BOI) the value of applications for investment promotion during the first nine months of 2024 has risen by 42% year-on-year, reaching a total of 722.5 billion baht (approximately US$ 21.7 billion), marking the highest level since 2015.
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According to the Thailand Board of Investment (BOI) the value of applications for investment promotion during the first nine months of 2024 has risen by 42% year-on-year, reaching a total of 722.5 billion baht (approximately US$ 21.7 billion), marking the highest level since 2015.
Key takeaways
In the first nine months of 2024, Thailand’s BOI saw 2,195 projects valued at 722.53 billion baht, the highest in 10 years.
The surge in investment reflects growing confidence from both local and international investors in the Thai government’s policies, including support for industry and improved business regulations.
Electrical appliances, digital, and automotive are the top sectors attracting investment. High-value projects in data centers, advanced electronics, and renewable energy are vital for Thailand’s economic recovery.
Narit Therdsteerasukdi, the BOI’s Secretary-General,…