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Bangkok Post
Bangkok Post
Business

BoI receives 784 applications in first half

An electric vehicle (EV) charges at last year's Motor Expo. EV applications contributed to placing the automotive sector on top in terms of investment value. Pattarapong Chatpattarasill

Thai and foreign companies filed a total of 784 applications for investment promotion during the first six months of 2022, an increase of 4% from the same period last year, but the combined investment value dropped by 42% year-on-year to 219.7 billion baht.

According to the Board of Investment (BoI), investment applications in target industries accounted for 70% of total investment value in the first half, with 358 projects worth a combined 153.5 billion baht.

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