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Thailand still remains fragrant, in 2020, 252 foreigners carry more than 10 billion baht in investment.Japan leads the No.1 win in service business for affiliates in the group Computer service Engineering service And petroleum drilling services. Confident in the year ’64 foreigners continue to invest
Mr. Weerasak Wangsupakitkosol The Deputy Minister of Commerce revealed that in 2020, even around the world, including Thailand, faced a common crisis from the COVID-19 epidemic. As a result, many economic activities are temporarily stopped. As well as investments in various businesses change But for Thailand, there are foreign investors to invest in the country. Under the Foreign Business Act, B.E. 2542 (Foreign Act), total 252 persons.
With Japan investing the highest number of 92 (representing 36 percent), followed by Singapore with 38 (accounted for 15 percent), third is the Netherlands and Hong Kong. With the same number of investors 17 (representing 17 percent), number 4 is South Korea with 10 (representing 4 percent), and others with 78 (representing 31 percent).
For the type of business that foreign investors invest the most is a service for affiliates in the group, such as accounting services. Space rental and utilities service Production of goods, etc., with a total investment of 4,279 million baht (40%).
Followed by a brokerage / retail / wholesale business such as life insurance broker, non-life insurance. Retail of mechanical machinery, spare parts and equipment for industrial use Wholesale of chemicals Medical equipment Automotive parts Electrical appliances and electronics, etc. The total investment amount is 994 million baht (19%).
3rd place in other service businesses such as computer services Petroleum drilling services Consulting services Financial services, etc., with a total investment amount of 456 million baht (14%).
In this regard, a service business that foreign investors invests in and has a high investment value. It will be a business that complies with government policy. It is a business related to the country’s infrastructure, such as engineering services for automatic control systems of various electric train projects, as a consultant service for construction supervision of the high-speed rail project connecting Don Mueang Airport, Suvarnabhumi, U-Tapao (EEC), inspection Examination of the security system of the concourse, design services, procurement, construction, installation of equipment for thermal power plant projects, etc.
It also includes businesses related to new target industries (S-Curve) such as digital industries that will drive the Thai economy in the future, such as design, installation, broadcasting and broadcasting systems through the Internet. Digital services, various platforms as an intermediary to connect entrepreneurs’ products and services with consumers. Software design and development services, etc.
“And from foreign investors entering into business in Thailand This resulted in employing more than 11,000 Thai people, including the transfer of technology which was specialized knowledge directly from the investment country. The Foreigners Act of 2020 (252 investors) has increased from 35 in 2019 (217 investors in 2019), an increase of 16.13% and there is an increase in employment of Thai people. 6,162 people or a 127% increase (2020 employed 10,991 Thais and in 2019 hired 4,829 Thais) “
Mr. Verasak said that from 2000 – 2020 (21 years), Thailand has foreign investors to invest in the country under the Foreign Affairs Act. A total of 5,824 people, with a total investment of more than 323,779 million baht, with foreigners who invest the most Japan number 2,240 (38%) followed by Singapore 872 (accounted for 15%) 3rd is Hong Kong with 311 (6%), fourth is Germany 294 ( (Accounting for 5%), 5th is the Netherlands with 258 (4%) and others 1,846 (32%).
The business that foreign investors invested the most was service business, representing 1,481 representatives / regions (accounting for 26%), followed by brokerage / retail / wholesale business of 650 persons (accounted for (11%) ranked third in service business, 613 government / private contractors (11%) and 3,080 other services (53%).
However, the investment situation of foreign investors in Thailand in the past 2020 Still in a good direction and confident that in 2021, foreigners will continue to invest in Thailand continuously. Businesses that foreign investors will invest in and are expected to grow will be in line with the changing market demands and consumer behavior in the New Normal era that makes digital businesses Especially in e-Commerce business expanding rapidly
As a result, businesses related to the supply chain to expand as well, such as warehouse management business. Website development or application development business Online ordering service business Electronic payment service business (e-Payment), etc. It can be seen that the investment business model will use technology to provide more convenience to consumers.
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