Investment applications between January and June jumped 70% from a year earlier, driven by foreign investors’ projects in the electronics, food and auto sectors, the government said on Monday.
In the first six months of 2023, applications totalled 364.4 billion baht ($10.37 billion) and foreign direct investment surged 141% on-year to 304 billion baht, the Board of Investment (BoI) said in a statement.
China was the biggest investor, with projects worth 61.5 billion baht, while Singapore and Japan followed with 59 billion baht and 35.3 billion baht, respectively, it said. The higher first-half pledges were helped by the automotive and related parts industry, which saw 80 investment projects worth 19.6 billion baht, the BoI said.
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