National—
On April 25th, 2024, Mr. Chai Watcharong, the Thai Government spokesman, publicly revealed statistics for the first quarter of 2024 in which foreigners invested more than 35 billion baht in Thailand according to the Thai Ministry of Commerce.
Foreign investment was an important factor in creating employment and generating income for Thai locals. The Thai government fostered investment that potentially boosted Thai workers and industries, and developed Thailand’s competitiveness on the world stage.
According to the Thai Ministry of Commerce, the statistics showed foreign investors who received valid permission to establish businesses in Thailand in the first quarter of 2024 (from January to March), with more than 178 individuals who had requested permission to establish their businesses in Thailand. 53 people had reportedly invested in the Eastern Economic Corridor (EEC) area.
As a result, more than 35.9 million baht was invested in business and created employment of over 849 positions for Thai individuals, according to the Thai Ministry of Commerce.
The top five foreign investors included 1.) 40 Japanese individuals with 19.06 million baht of investment in advertising businesses or solar energy businesses, 2.) 32 Singaporean individuals with 3.294 million baht of investment in health rehabilitation service businesses or e-commerce businesses, 3.) 29 American individuals with 1.048 million baht of investment in engineering service businesses or IT businesses, 4.) 20 Chinese individuals with 2.886 million baht of investment in metal businesses or software businesses, and 5.) 11 Hong Kong individuals with 1.017 million baht of investment in retail businesses or vehicle parts manufacturing businesses.
This article originally appeared on our sister website The Pattaya News.
