The Thailand Board of Investment (BOI) has seen a significant increase in project applications and foreign direct investment (FDI) in the first nine months of 2023.
Key Takeaways
- The Thailand Board of Investment (BOI) has experienced a significant increase in foreign investment, with a 43% rise in investment value and China emerging as the largest source of foreign direct investment applications.
- Targeted industries, particularly the electrical appliances and electronics sector, have shown strong growth, accounting for 51% of total investment applications and contributing to the country’s transition towards the “New Economy.”
- The BOI is actively working to improve the investment climate in Thailand by addressing regulatory hurdles, expanding its reach by establishing offices in select countries, and providing enhanced incentives for the automotive industry to promote automation…
