Thailand has experienced an increase in foreign investors, leading to job creation and revenue generation. However, the investment value has decreased by 15% year-on-year.
According to a report analyzing permissions for foreign business operations, a total of 493 foreign investors established businesses in Thailand during the first nine months of 2023. Out of these, 166 obtained business licenses for foreigners, and 327 obtained business certifications for foreigners. This resulted in a total investment value of approximately 84 billion baht and the employment of over 5,700 Thai nationals.
Notably, Japan remains the leading investor in Thailand, particularly in the development of businesses within the country. Japan’s total investment during this period reached 22.9 billion baht. Singapore followed closely behind with 20.5 billion baht, China with 13.3 billion baht, Hong Kong with 5.36 billion baht, and the United States with 3.98 billion baht.
These investments have played a significant role in increasing employment opportunities for Thai workers, with a notable 41% increase during this period.
The top five countries with the highest number of investment applications are Japan, the United States, Singapore, China, and Hong Kong. Japan leads with 111 applications, followed by the US with 80, Singapore with 77, China with 38, and Hong Kong with 20.
In September alone, 59 foreign investors were granted permission to conduct business in Thailand, representing a 22% year-on-year increase. These investors primarily came from Japan, China, and Hong Kong. Their ventures resulted in the employment of 1,219 Thai workers.
During the first nine months of this year, approximately 99 foreign investors expressed their interest in investing in the Eastern Economic Corridor (EEC). This represents about 20% of the total number of foreign investors. The value of investments in the EEC reached an impressive 16.1 billion baht, accounting for approximately 19% of the total investment value.
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