The combined value of foreign and local applications for investment promotion in 2021 tallied 643 billion baht, an increase of 59% from a year before, led by an uptick in foreign direct investment (FDI) in tech sectors and more projects in the bio-, circular and green (BCG) industries, as well as a continued push in the power generation sector.
"Investment applications for BCG activities are continuously increasing as investors take advantage of the promotion measures we issued to help Thailand's economy. Companies operating here are preparing for changes to consumer demand and supply chains after Covid-19 is controlled," said Board of Investment (BoI) secretary-general Duangjai Asawachintachit.
"As for FDI, we are seeing constant growth in target sectors such as smart electronics, speciality chemicals, bioplastics and the medical cluster."
