Thailand investment value surges 77% with South Korea as top foreign investor

Investment in Thailand experienced significant surge in the first quarter of the year, with a 77% year-on-year increase to 185.7 billion baht, primarily driven by 397 project proposals. The Board of Investment (BoI) revealed that South Korea emerged as the leading foreign investor during this period.

Foreign investment constituted 155.2 billion baht of the total investment, marking a 115% year-on-year growth. Narit Therdsteerasukdi, secretary-general of the BoI, said…

“South Korean investors were ranked first, with investment worth 31.4 billion baht.”

Singapore came in second with 29.7 billion baht, followed by China with 25 billion baht, and Japan with 24.7 billion baht.

The rise in investment value has been attributed to the easing of pandemic restrictions and the government’s decision to fully reopen the country for foreign business people. Furthermore,…