Foreigners flock to 'invest' in Thailand 161,169 million
Ms. Aromorn Traiphutham, Director-General of the Department of Business Development, Ministry of Commerce, Secretary of the Foreign Business Operations Committee B.E. 2542, revealed that during the first 10 months of 2567 (January-October), 786 foreigners were permitted to invest in businesses in Thailand under the Foreign Business Operations Act B.E. 2542, of which 181 were invested through the foreign business license application channel and the foreign business certificate application (through the investment channel under the Investment Promotion Act or permitted under the Industrial Estate Authority of Thailand Act). and the exercise of rights under international treaties or agreements) 605 cases, total investment of 161,169 million baht, employing 3,037 Thais. The top 5 foreign investors are:
1. Japan 211 cases, accounting for 27 percent of the total number of foreign businesses in Thailand, investment of 91,700 million baht in businesses such as: - Engineering and technical service businesses related to the automotive industry - International trade businesses to procure goods, raw materials, and parts for various industries, such as automobiles, electrical appliances, etc.
- Advertising businesses - Application service businesses - Contract manufacturing services (e.g. parts for electronic devices, vehicle parts, plastic parts for various industries)
2. Singapore 110 cases, accounting for 14 percent of the total number of foreign businesses in Thailand, investment of 14,779 million baht in businesses such as: - Engineering and technical services in various fields, such as engineering design and production structure system layout, etc. - Advertising businesses - Food and beverage product research and development services - Software development services for sale and/or service provision, such as conversational artificial intelligence systems with avatars (Conversation AI Avatar), etc.
- Businesses that provide services for manufacturing products, such as electrical appliances that are at the advanced technology level (ADVANCED TECHNOLOGY), plastic packaging, electricity from solar energy)
3. China 103 companies, accounting for 13 percent of the total number of foreign businesses in Thailand, with an investment of 13,806 million baht in businesses such as: - Businesses that provide services for installing, testing, repairing, maintaining, and training on machinery, tools, equipment, and various operating systems to install conveyor systems used for construction projects for electric vehicle manufacturing and assembly plants - International trade businesses, which are the procurement of products, raw materials, and parts for various industries, such as the electronics industry, etc., for wholesale domestically - Service businesses, software development services for sale and/or services, such as electric vehicle charging station management systems, applications for searching and using electric vehicle charging stations, etc. - Businesses that provide places to play puzzle games (Escape Room) - Businesses that provide services for manufacturing products (Metal products and metal forming parts, manufacturing of vehicle suspension parts, Audio Cables)
4. The United States: 103 companies, accounting for 13 percent of the total number of foreign businesses in Thailand, with an investment of 4,552 million baht in businesses such as: - Engineering and technical services, such as website installation, maintenance, repair and customization, etc. - Retail business, such as audio equipment and audio systems, car parts and accessories, medical equipment - Advertising business - Repair and maintenance services for endoscopes, endoscopes and related equipment - Contract manufacturing services, such as wavelength selectors, light intensity dividers, Electro Magnetic Products
5. Hong Kong: 57 companies, accounting for 7 percent of the total number of foreign businesses in Thailand, with an investment of 14,461 million baht in businesses such as: - International trade business, which purchases products, raw materials and parts for various industries, such as the cosmetics industry, for domestic wholesale - Service businesses to create large-scale quality tourist attractions, providing large-scale recreational tourist attractions (Recreational Attraction Area) - Distribution center services with modern systems - Application services - Contract manufacturing services (such as threads or fabrics with special properties, metal products and molded metal parts) High Density Battery.
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