Thailand Breaks Investment Record, Poised to Become Southeast Asia’s High-Tech Hub

Thailand has made history, with the Board of Investment (BOI) reporting that investment applications in 2024 soared to 1.13 trillion baht (about USD 33 billion)—the highest in a decade and a new record since the agency’s founding. Over 3,100 projects were approved, highlighting Thailand’s position as ASEAN’s leading technology and industrial base, even amid global trade tensions.

The following were the top five investment sectors :

1. Digital (243 billion baht), driven by data centers and cloud services
2. Electronics (232 billion baht), focused on semiconductors and smart electronics
3. Electric Vehicles (102 billion baht), with major investments from Japanese, Chinese, and European automakers
4. Agro-processing (88 billion baht)
5. Petrochemicals (49 billion baht)

Foreign direct investment reached 832 billion baht, a 25% increase from last year, led by Singapore, China, Hong Kong, Taiwan, and Japan. U.S. companies also invested significantly, primarily through Singapore. The Eastern Economic Corridor (EEC) remained a magnet for capital, absorbing 573 billion baht in investments.

Looking ahead to 2025, the BOI aims to establish Thailand as a regional “Tech Hub,” building on strengths in 5G, AI, electric vehicles, semiconductors, and clean energy. International roadshows are planned to attract major investors from China, the U.S., and Europe, positioning Thailand as the “manufacturing base of the future.”

These investments are expected to create over 210,000 new jobs and boost annual exports by more than 2.6 trillion baht, reinforcing Thailand’s emergence as a regional leader in advanced technology and innovation

Office of the Board of Investment
Link : https://www.boi.go.th