The government is thrilled! In the first five months of 2024, foreign investment in Thailand has surged significantly, with 317 foreign entities approved for investment, an increase of 16%, and a total investment value of 71,702 million baht, a 58% rise compared to last year!
From January to May 2024, 317 foreign investors were approved to invest in Thailand under the Foreign Business Act of 1999. This includes 85 business operation licenses and 232 business certificates, with a total investment value of 71,702 million baht, a 58% increase from last year.
The top five foreign investors in Thailand are Japan, Singapore, the United States, China, and Hong Kong. Japan leads the investment with 40,214 million baht, followed by Singapore with 5,189 million baht, and Hong Kong with 12,048 million baht.
Investment in the EEC (Eastern Economic Corridor) is also significant, with 99 foreign investors accounting for 31% of all foreign investors in Thailand, with a total investment value of 18,224 million baht, a 93% increase. Notably, investors from Japan, China, and Hong Kong are showing great interest. If you are an investor looking for new markets, Thailand is a destination not to be missed!
For more information: Government Public Relations Department, Office of the Prime Minister
Link: www.thaigov.go.th
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According to the Immigration Act 1979, in Section 4, the definition of “a person in charge of conveyance" means a ship's master or person responsible for supervising a vehicle
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