Q1 investment pledges rise jump 77% y-o-y, bad loans fall to 2.68%

Workers perform tasks at an automobile assembly line in Chon Buri. (File photo)

Thailand’s investment applications between January and March increased 77% from a year earlier to 186 billion baht ($5.4 billion), led by projects in the electronics, food and automobile sectors, the country’s investment agency said on Monday.

The higher investment was helped by the reopening of major investing countries and a trend of companies relocating production bases to the Southeast Asian country to reduce geopolitical risks, the Board of Investment (BOI) said in a statement.

In the first quarter of 2023, foreign investment pledges alone were worth 155 billion baht, up 10% year-on-year, it said.

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