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Thailand’s FDI attraction lower than forecast

Thailand’s foreign direct investment (FDI) in the first three quarters of this year amounted to 757 billion baht (23.6 billion USD) and is estimated to reach about 900 billion baht by the end of the year, lower than the previous forecast.
Thailand’s foreign directinvestment (FDI) in the first three quarters of this year amounted to757 billion baht (23.6 billion USD) and is estimated to reach about 900billion baht by the end of the year, lower than the previous forecast.

Accordinga report released by t he Thai Board of Investment (BOI) on December12, the country’s export turnover decline and the global economicdownturn were attributed to main reasons that affect foreign investmentactivities in Thailand.

The factors had a negative impact on business expansion by the local private sector.

The BOI forecast that the total value of FDI to Thailand next year will reach 900 billion baht as it would be this year.

Servicesand public utility are industries with the highest investment valuein 2013, followed by the steel, machinery engineering and transportequipment sectors. Japan remains in the largest group of foreigninvestors in Thailand.

According to the World Bank’s recentreport on business in all countries around the world, Thailand ranks 18th in the world and 6th in Asia. Among ASEAN member countries,Thailand comes third, after Singapore and Malaysia.-VNA
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