Bangkok (VNA) – Investments by foreign companies registered under the Foreign Business Law (FBA) of Thailand rose 73.5% year-on-year in the first six months of 2022.
Deputy Minister of Commerce Sinit Lertkrai said the Foreign Affairs Committee authorized 284 investment applications by foreign companies in the first half of 2022, up 7.58%, with combined investments of THB 69.9 billion (USD 1.9 billion) , up 73.5% year-on-year.
The largest number of investments came from Japan (71 in total), worth THB 26.2 billion, followed by Singapore and the United States.
Sinit attributed the increase to the government’s investment promotion policy and the support given to companies working in Thailandtargeted industries.
For the remaining six months of this year, Thailand expects the foreign investment due to government investment promotion measures, state economic stimulus measures, reopening of the country to international tourists, and greater convenience for doing business.
These factors will help accelerate the recovery of the economy, said Sinit./.