Investment attraction to Thailand has seen a remarkable surge in the first half of this year. The nation registered a 70% year-on-year increase to an impressive 364 billion baht, according to the Board of Investment (BoI). This boost, particularly contributed by an astonishing 141% soar in foreign direct investment, serves as a testament to Thailand’s status as a preferred manufacturing hub for international firms.
The investment escalation was marked by a rise in project applications totalling 891, marking an 18% rise compared to the equivalent period in 2022.
The majority of these applications, 464 to be precise, fall under the prioritized industrial categories which account for a cumulative value of 287 billion baht, making up 79% of the total value of applications. These industries majorly include electronics, food processing, and…
