The Thailand Board of Investment (BOI) reported a significant increase in investment applications in 2023, reaching a five-year high of 848.3 billion baht (approximately USD 24 billion), representing a 43% increase from the previous year.
- Thailand’s investment applications surged by 43% in 2023, reaching a five-year high of USD 24 billion, driven by large foreign investments in priority sectors and the relocation trend in key industrial sectors.
- Foreign Direct Investment (FDI) in Thailand soared by 72% in 2023, with significant contributions from countries like China, Singapore, the U.S., Japan, and Taiwan, particularly in the electronics and automotive supply chain sectors.
- The Thailand Board of Investment (BOI) approved four significant investment promotion applications, including data centers, steel wire production for the tyre industry, and steam production for industrial use,…
