BANGKOK : Thailand’s overall investment applications rose 43 per cent in 2023 to a five-year high of 848 billion baht ($23.79 billion), with China’s the biggest foreign investor, the government said on Tuesday.
Foreign investment pledges alone jumped 72 per cent year-on-year to about 663 billion baht, the Thailand Board of Investment (BOI) said in a statement.
Chinese investment applications worth 159.39 billion baht accounted for nearly a quarter of total value and were mainly in the electronics, automotive and electric vehicles sector, the BOI said.
After China, the largest investors were Singapore, the United States and Japan.
The BOI exceeded its target to promote 600 billion baht worth of investment last year, BOT Secretary General Narit Therdsteerasukdi told reporters.
It aims to receive 3 trillion baht worth of investment applications over a five-year period starting 2023….
