Foreign investment in Thailand has surged by 60% to reach a value of 134 billion baht in the first nine months of this year, with Japan maintaining its position as the leading source of investment, according to a government spokesman on Sunday.
Jirayu Houngsub, spokesperson for the Prime Minister’s Office, reported that 636 businesses received approvals under the Foreign Business Act of 1999, marking a 29% increase compared to the previous year.
These investments have created jobs for 2,505 Thai workers.
In terms of investment value and applications, Japan led with 74 billion baht from 157 applications, followed by Singapore with 12.2 billion baht (96 applications), China with 11.9 billion baht (89 applications), the United States with 4.14 billion baht (86 applications), and Hong Kong with 4.11 billion baht (46 applications).
Mr. Jirayu noted, “Platform and software businesses are pivotal in attracting foreign investors and fostering significant growth in the Thai economy. Investment in these sectors reached 28.3 billion baht, representing 7.27% of total foreign investment during the first nine months.” He added that the top three investors in these sectors are Singapore, Taiwan, and Malaysia, respectively.
