Nonthaburi, July 19-The Foreign Business Committee reveals that in the first half of 2023, foreigners invested in Thailand at 48,927 million baht, Japan invested first at 17,527 million baht, followed by China at 11,505 million baht and Singapore at 6,916 million baht, employing people. Thailand 3,222 people
Mr. Thosaphol Dhangsuputra, Director-General of the Department of Business Development and secretary of the Foreign Business Committee, revealed that “In the first half of the year 2023 (January – June), foreigners are allowed to invest in the business. Thailand Under the Foreign Business Act B.E. 2542 of 326 cases, 102 cases of investment were made through obtaining foreign business licenses and 224 cases of obtaining foreign business certificates. Total 48,927 million baht, employing 3,222 Thai people
The top 5 foreigners who invest in Japan are 74 people (23%) with an investment of 17,527 million baht, the US 59 people (18%) with an investment of 2,913 million baht, Singapore 53 people (16%) with an investment of 6,916 million. baht, 24 Chinese (7%) with an investment of 11,505 million baht and the Swiss Confederation 14 (4%) with an investment of 1,857 million baht, with the transfer of specialized knowledge directly from the investing countries. to Thai people such as Knowledge of petroleum well pressure control Knowledge of basic techniques for grouting cement in petroleum drilling platform wells. Knowledge of underground station excavation procedures Knowledge of electrical and electronic design in electric train projects Knowledge about electricity generation from wind energy and knowledge of how to solve problems in the use of aircraft tires, etc.
Compared to the same period in 2022, it was found that the permission for foreigners to invest in business in Thailand increased by 42 people (15%) (January – June 2023, 326 allowed / month Jan. C. – Jun. 284 allowed) Investment value decreased by 21,022 million baht (30%) (Jan. – Jun. 23, invested 48,927 million baht / month Jan. – Jun. 2022, investing 69,949 million baht) and employing 49 Thai people (1%) (Jan. - Jun. 23, employing 3,222 people / month Jan. - Jun. 22). employing 3,173 people), with the highest number of investors still coming in from Japanese investors. as in 2022
However, most of the permitted businesses from January to June 2023 are businesses that are in line with the country's infrastructure development. investment promotion policy to enhance the country's competitiveness For example, petroleum well drilling services within the concession area of exploration blocks in the Gulf of Thailand. Offshore Petroleum Well Maintenance Services
Design, purchase, supply, installation, improvement, development, system trial, system integration and activation as well as management for electric train projects. Construction, installation and testing services for laying natural gas pipelines/natural gas control stations and facilities For onshore natural gas pipeline system projects, design, supply, installation, inspection, testing and maintenance services. Medical tools and equipment and for use in hospitals, ENTERPRISE SOFTWARE and DIGITAL CONTENT software services
Service as an international business center which provides services to the business of affiliated enterprises in foreign countries
In addition, investment in the EEC area by foreign investors from January to June 2023, there were 61 foreign investors interested in investing in the EEC area, accounting for 19 percent of the total number of investors. The value of investment in the EEC area is 10,771 million baht, or 22% of the total investment. There are 26 investors from Japan investing 4,344 million baht, 9 Chinese investing 752 million baht, 5 South Korean investors investing 286 million baht and 21 other countries investing 5,388 million baht. Manufacturing process management
in various industries 2) Engineering and technical services such as designing machinery, machines, tools and equipment
3) Machinery manufacturing service and parts for industrial machinery 4) service for manufacturing vehicle parts and 5) international trade It is the procurement of products, raw materials and parts for various industries. such as the automotive industry, etc., for domestic wholesale.
As of June 2023, there are 52 foreigners allowed to do business in Thailand, 15 of which are investments through foreign business licenses and 37 foreign business certificates. 3,535 million baht in total, employing 223 Thai people, most of whom are foreigners from Japan, the United States and Singapore, as well as transferring technology as a specific body of knowledge directly from the investing country to Thai people, such as the body of knowledge about Basic Techniques for Cement Grouting in Petroleum Rig Wells Knowledge of underground station excavation procedures and knowledge about maintenance of medical equipment and medical equipment, etc.
For businesses that are allowed by foreigners are petroleum well drilling services within the concession area of the exploration block in the Gulf of Thailand. Offshore Petroleum Well Maintenance Services
engineering service By giving advice, planning, checking, managing design work and civil works for the construction of tunnels, runways and underground stations Filter product design service
SOFTWARE ENTERPRISE SOFTWARE AND DIGITAL CONTENT SOFTWARE SERVICE ENGINEERING AND TECHNICAL SERVICES eg. equipment installation planning including installation maintenance and repair related to telecommunication technology, energy and security systems etc.-Thai News Agency
Source: Thai News Agency