Tuesday, September 29, 2020

Investment under Foreign Business Act surges 60% last year

Jan 22. 2020
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Foreign investment in Thailand, under the Foreign Business Act of 2542, surged 60 per cent year on year to Bt200 billion in 2019.

Weerasak Wangsupakitkosol, Deputy Minister of Commerce, said on Tuesday (January 21) that 697 foreign investors were permitted to invest in Thailand last year under the Act.

Most of the investments were in capital -intensive businesses such as engineering service, software development, and application services related to logistics and passenger transport, and e-payment.

There were 3,000 Thai-foreign joint ventures set up last year with Bt47 billion in total registered capital.

He added that the figures indicated that foreign investment in Thailand was continuing and expected to expand further this year, thanks to the government's incentives.

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