Foreigners invested 33 billion baht into Thailand in the first quarter of the 12 months, a government spokesperson revealed today. Investors from Japan invested the most, followed by buyers from Singapore and the USA, respectively.
Triple for the Prime Minister’s Office and Deputy Secretary-General to the Prime Minister Anucha Burapachaisri revealed that the government permitted funding from 174 overseas traders in Q1 beneath the Foreign Business Act (1999).
According to data from the Department for Business Development, Ministry of Commerce, Thailand acquired 33.048 billion baht from overseas traders in Q1, creating employment for 1,932 Thai folks in addition to the switch of information to Thai people.
Most investments went into growing the country’s infrastructure. Some 31 foreigners invested a complete of three.264 billion baht within the Eastern Economic Corridor (EEC), representing 18% of the total number of foreign traders in Q1, mentioned the spokesperson.
Changan Automobile Co., Ltd., – a pacesetter within the electric vehicle (EV) industry and fourth largest automobile manufacturer in China – has decided to speculate greater than 9.eight billion baht in Thailand to construct its first EV production base outside China.
The firm aims to provide 100,000 cars per year and export them to clients all around the world to demand the quickly rising demand for EVs.
In February, the Deputy Ministry of Commerce Sinit Lertkrai reported that fifty two foreigners invested 5.129 billion baht into Thailand in January 2023 alone.
According to Sinit, the highest foreign buyers in January had been from…