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Sunday, May 5, 2024

FDI in Thailand for first 7 months drops 20% year on year

Thosapone Dansuputra, director general of the Business Development Department

Foreign investors have pledged to invest in various projects in Thailand to the tune of 58.9 billion baht during the first seven months of this year, with those from Japan topping the list, according to Thosapone Dansuputra, director-general of the Business Development Department and secretary of the Foreign Business Committee.

Although the number of foreign investors permitted to invest in Thailand has increased by 17%, to 377, the amount of pledged investment has dropped by about 20%, from about 73.6 billion baht during a seven-month period last year.

The five top foreign investors during the seven-month period are Japan, 84 investors and 19.8 billion baht in pledged investment, the US, 67 investors and three billion baht in pledged investment, Singapore, 16 investors and 12.9 billion baht in pledged…

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