According to the Thailand BOI and Foreign Investor Confidence Survey, in spite of the economic hardship worldwide, maximum foreign investors operating in Thailand seems confident in the country’s potential. In fact, they have plans to extend and maintain their investments while boasting the investment incentives and a robust supporting industry supply chain and raw materials availability.
The report says that out of 600 companies, 19.33% showed their interest in increasing their investment in the country while the remaining wants to maintain their present investment level. FDI applications contributed around 60% of the total number of assignments and 53% of the total investment by Japan, Netherlands, Taiwan, Singapore, and China.
To this the BOI Sectary General Duangjai Asawachintachit expressed his gratitude towards their investors who didn’t lose their faith over Thailand. He added by saying that this reflects the resilience and performance of the country in managing the crisis.
Why the investors supported Thailand during the pandemic?
The major reason is the investment privileges provided by Thailand that cited 89 respondents. Also, the availability of sufficient raw materials for manufacturing operations was yet another reason that seemingly demonstrated the strength of the country’s supply chain and logistics.
As a matter of fact, commitment to Thailand by local as well as foreign companies resulted in an increase in investment applications during the January-September period. It rose to 1,098 as companies continued expanding during the pandemic.
