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Thailand strives to attract foreign investment

The Board of Investment (BOI) of Thailand on June 1 approve tax incentives for four major investment projects with combined investment value of 209.478 billion THB (around 6 billion USD).
Thailand strives to attract foreign investment ảnh 1A personal protective equipment workshop in Bangkok, Thailand (Photo: AFP/VNA)
Bangkok (VNA) – The Board of Investment (BOI) ofThailand on June 1 approve tax incentives for four major investment projects withcombined investment value of 209.478 billion THB (around 6 billion USD).

According to BOI secretary-generalDuangjai Asawachintachit, the BOI meeting, which was chaired by Prime MinisterPrayut Chan-o-cha, approved a project to manufacture battery electronicvehicles (BEV) by Horizon Plus Co Ltd with investment value of 36.1 billion THB. Horizon Plus is a joint venture betweenPTT Plc and Foxconn Technology Group from Taiwan (China).

The BOI also agreed to grant investmentincentives to Asia Era One Co Ltd for its high-speed train project linking theDon Mueang, Suvarnahbhumi and U-Tapao airports with an investment value of162.318 billion THB.

The other two eligible for the incentive isthe 8.23-billion THB investments in a textile project by Kingboard Holding Ltd andan electricity co-generation project worth 2.83 billion THB of the IRPC CleanPower Co Ltd.

Duangjai said the BOIapproved the investment privileges for the projects as they would benefit thecountry and lead to further investments in infrastructure in the Eastern EconomicCorridor.

The BOI also agreed to offer moreprivileges to attract foreign investors, she said./.
VNA
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