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Friday, May 3, 2024

Foreigners set to invest B100bn this year

The Commerce Ministry remains bullish about Thailand’s foreign investment prospects, forecasting a minimum of 100 billion baht in inflows this year.

According to Deputy Commerce Minister Sinit Lertkrai, active foreign investment is supported by the country being fully open in terms of both tourism and investment, as well as anticipated expansion of production bases in Thailand by international firms, particularly in industries with growth potential such as electric vehicle manufacturing, agriculture, food, biotechnology, tourism, health and various digital businesses.

Additionally, foreign investment is bolstered by infrastructure development in the Eastern Economic Corridor (EEC), where the government and private sector are collaborating on promotions.

The ministry reported on Thursday in January 52 foreign investors were granted permission to invest in…

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