Foreign investment in Thailand surges in January-July-Xinhua

Foreign investment in Thailand surges in January-July

Source: Xinhua| 2022-09-02 20:08:15|Editor: huaxia

BANGKOK, Sept. 2 (Xinhua) -- Thailand has witnessed a significant increase in foreign investment inflows in the first seven months of this year.

The Southeast Asian country attracted 73.64 billion baht (about 2 billion U.S. dollars) of foreign investment in the January-July period, 28.93 billion baht (about 788 million U.S. dollars) more than the same period of last year, Anucha Burapachaisri, acting government spokesperson, said on Friday, citing data from the Ministry of Commerce.

Anucha said this was boosted by the country's investment promotion policies and has shown foreign investors' confidence in Thailand's development outlook.

During the January-July period, the top three sources of foreign investment inflows were Japan, Singapore and the United States, Anucha said.

Boosted by the recovery in tourism sector, Thailand's economy expanded 2.4 percent year on year in the first half of the year. The central bank expected the annual economic growth to pick up to 3.3 percent in 2022.