An aerial view of Bangkok capital city of Thailand (Photo: bkkprep.ac.th)

Bangkok (VNA) – Total registered investment in Thailand reached a total of 902 billion THB (28.2 billion USD) in 2018, 43 percent higher than the previous year and beating the set target of 720 billion THB, according to the Thai Board of Investment (BOI).

Thai and foreign firms submitted a total of 1,626 projects in Southeast Asia’s second-largest economy, up 3 percent against 2017, the agency said in a statement.

Of those, 84 percent were in the government’s target industries, including digital health care, petrochemical and robotics, with a total value of 758 billion THB.

As many as 680 billion THB of planned investment was for the Eastern Economic Corridor, much higher than the target of 300 billion THB set earlier.

The BOI targets 750 billion THB of investment pledged in 2019, only slightly higher than last year’s target due to uncertain global economic conditions and escalating US-China trade tension. To reach this goal, the agency will carry out programmes to lure investment, with the first taking place from January 30 to February 2 in Japan’s Kansao, Osaka and Kobe prefectures, focusing on the fields of electronics and medical equipment.

In March, Chinese and Japanese investors plan to organise a meeting on investment cooperation in Thailand. Also this time, the BOI will hold a seminar on the role of Thailand in connecting Cambodia, Laos, Myanmar and Vietnam.-VNA