Thailand's investment applications jump to 5-year high in 2023-Xinhua

Thailand's investment applications jump to 5-year high in 2023

Source: Xinhua

Editor: huaxia

2024-02-09 23:48:00

BANGKOK, Feb. 9 (Xinhua) -- Thailand's overall investment applications surged 43 percent, reaching a five-year high in 2023, driven by projects in the electronics industry and automotive supply chain, government spokesperson Chai Wacharonke said on Friday.

The Southeast Asian country's investment applications last year covered 2,307 projects, an increase of 16 percent year on year, and their value reached a combined 848.32 billion baht (about 24 billion U.S. dollars), Chai said in a statement.

According to the Thai Board of Investment, foreign direct investment jumped 72 percent from a year earlier to 663.24 billion baht, due to a significant increase in large projects.