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Thailand Remains Attractive to Foreign Investment

Board of Investment Deputy Secretary-General, Chokedee Kaewsang

Board of Investment Deputy Secretary-General, Chokedee Kaewsang

 

BANGKOK –  The Board of Investment of Thailand (BOI) said its latest survey has found that a number of foreign businesses have eyed to expand their investment in the Thai economy, Thai News Agency (TNA) reported.

BOI Deputy Secretary-General, Chokedee Kaewsang, said on Thursday that the latest BOI survey for this year has shown 63 per cent of foreign investors in Thailand planned to maintain their investment in the Thai economy and 34 per cent of them wanted to expand their investment in the country this year and next year.51-2

According to the survey, Chokedee revealed, investors from Japan, China and the European Union intended to increase their investment in Thailand more than those from other countries.

Chokedee indicated 13.6 per cent of foreign investors who have established their businesses in Thailand planned to expand their businesses overseas, with countries attracting them most including Indonesia, Vietnam, Myanmar and Malaysia respectively.

The BOI deputy chief also told reporters that the survey has shown no foreign investors planned to withdraw their businesses from Thailand during the period, thanks to favourable factors in the Thai economy, including its readiness to support industries, along with available raw materials, infrastructure and promotional privileges from the BOI.

Chokedee noted that Thailand scored 3.64 points in facilitating business operations, seconded only to Singapore, with 3.79 points, in the 10-member Association of Southeast Asian Nations (Asean).

Compared with countries outside Asean, Thailand is inferior to Japan, with 4.40 points, and close to China,with 3.66 points.

The BOI survey also found that most foreign investors in Thailand believe their gross incomes, local incomes, overseas incomes and profits will rise this year and further increase next year.

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