Thailand investment projects top $33b

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Car parts factory in Thailand: The automotive industry scores high in new investment projects

Applications for investment projects at Thailand’s Board of Investment in 2012 totalled 1.127 trillion baht ($33.5 billion), the highest ever, the country’s industry minister Prasert Boonchaisuk said on December 27.

The number of projects rose from 2011 by 9 per cent to 2,180, underscoring investor confidence in Thailand’s prospects, according to the minister.  The investment worth was up 77 per cent.

Most of the applications lodged were focused on services and utilities. Metal products, machinery, automobile and auto-part industries came second, followed by the chemicals, plastic and paper industry. Electronics and electrical appliances took fourth rank and fifth was the agriculture and agricultural products sector.

Udom Wongwiwatchai, the new secretary general of the Thai Board of Investment, said that the trend was “reflecting strong confidence in Thailand’s economic fundamentals.”

It also showed the country’s potential for becoming an investment hub of the region when the Asean Economic Community will debut in 2016, the minister added.

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Reading Time: 1 minute

Car parts factory in Thailand: The automotive industry scores high in new investment projects

Applications for investment projects at Thailand’s Board of Investment in 2012 totalled 1.127 trillion baht ($33.5 billion), the highest ever, the country’s industry minister Prasert Boonchaisuk said on December 27.

Reading Time: 1 minute

Car parts factory in Thailand: The automotive industry scores high in new investment projects

Applications for investment projects at Thailand’s Board of Investment in 2012 totalled 1.127 trillion baht ($33.5 billion), the highest ever, the country’s industry minister Prasert Boonchaisuk said on December 27.

The number of projects rose from 2011 by 9 per cent to 2,180, underscoring investor confidence in Thailand’s prospects, according to the minister.  The investment worth was up 77 per cent.

Most of the applications lodged were focused on services and utilities. Metal products, machinery, automobile and auto-part industries came second, followed by the chemicals, plastic and paper industry. Electronics and electrical appliances took fourth rank and fifth was the agriculture and agricultural products sector.

Udom Wongwiwatchai, the new secretary general of the Thai Board of Investment, said that the trend was “reflecting strong confidence in Thailand’s economic fundamentals.”

It also showed the country’s potential for becoming an investment hub of the region when the Asean Economic Community will debut in 2016, the minister added.

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