The Ministry of Foreign Affairs reveals that in 10 months foreigners have invested more than 100 billion in Thailand, growing by 72% and ‘Japan-China-Singapore’ is still going strong.
Sinit Lertkrai, Deputy Minister of Commerce disclosed that for the first 10 months of 2022, the Foreign Entrepreneurs Consideration Committee There were 480 foreigners authorized to invest in doing business in Thailand, 181 of them through obtaining a foreign business license and foreign business certificates 299. The total investment was 106.437 million baht, employing 4,635 Thais.
The top 5 foreigners investing the most are Japan 125 people (26%) with investments of 37,738 million baht, Singapore 75 people (16%) with investments of 11,693 million baht and the United States 64 people (13%) with investments. 3,327 million baht, Hong Kong 35 companies (7%) with investments of 8,375 million baht and China 22 companies (5%) with investments of 20,841 million baht.
Compared to the same period in 2021, it was found that foreigners were allowed to invest to do business in Thailand from 34 people, which accounted for 8% (480 people were allowed in 2022, 446 people were allowed in 2021). , accounting for 72 percent (in 2022, investing 106,437 million baht, in 2021, investing 61,968 million baht), and the employment of Thais increased by 352 people, accounting for 8 percent (in 2022, employed 4,635 people, in 2021, it employed 4,283 people). 2021, the highest foreigners investing in Japan, Singapore and the United States, as in 2022.
In the period January-October 2022, most of the permitted activities are activities in line with the infrastructural development of the country. Government investment promotion policy And support enterprises related to the country’s target industries, such as energy storage system design, construction, installation and inspection. for U-Tapao Airport Integrated Power Plant Project Oil Drilling Services within the Exploration Block Concession Area in the Gulf of Thailand
Dredging, Reclamation and Sediment Curtain Construction for Infrastructure Development in Map Ta Phut Industrial Port Development Project Electric Vehicle Charging Station for Electric Cars Engineering and Technical Services such as Consulting Comprehensive Technical Expertise in Automotive Parts Manufacturing Assistance in system design, development and testing, etc. Research, development and engineering services in scale-up biorefinery for biological processes. Development and analytics software services and connections to manage Big Data, Data Analytics.
Investments in the CEE area by foreign investors Between January and October 2022, there were 94 foreign investors interested in investing in the CEE area, equal to 20 per cent of total investors. The investment value in CEE area is 44,948 million baht, accounting for 42% of the total investment, there are 40 Japanese investors investing 24,326 million baht, 8 Singaporean investing 2,006 million baht and 7 US investing 1.075 million baht investment such as
1) Research, development and engineering services on scale-up biorefinery for biological processes 2) Software development services which is the design and development of factory production control management system and inventory management systems and 3) engineering and technical services such as application development. various software updates, etc.
Foreign investors are expected to continuously enter business in Thailand in the remaining 2 months (November – December 2022). as a result of government measures to promote investment Stimulate the economy by relaxing to open up the country. and increase the convenience for investors resulting in more foreign investors investing in the country It is an important factor that will help the Thai economy recover faster.
Mr. Sinit said that in October 2022 alone, 44 foreigners were allowed to do business in Thailand, 17 of them were investing through channels to apply for foreigner business license and to obtain foreigner business certificate. investment of 7.059 million baht, employing 594 Thai people, most of whom are from Japan, Hong Kong and Singapore.
Including technology transfer, which is specific knowledge directly from the investing country to Thais, such as knowledge about offshore safety and well control. Knowledge of control system maintenance and ease traffic in intercity highway project, and knowledge of mold assembly techniques in injection molding machines, plastic parts, etc.
For businesses that foreigners may include oil drilling services. Within the concession area of the exploration block in the Gulf of Thailand, design, procurement, procurement, installation, improvement, development, modification, inspection, testing, testing, system integration in relation to the traffic operations center. for intercity highway project Engineering and technical services such as software design and development Hardware and software troubleshooting, installation, maintenance and repair of software systems. Telecommunication engineering consultancy, etc. COMPANY SOFTWARE DEVELOPMENT SERVICES Research, development and engineering services on scale-up biorefinery for biological processes.
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