Despite the economic crisis across the world, foreign investors in Thailand have a positive outlook towards the country’s potential and are therefore ready to support it. They even have plans to extend while maintaining their investments so as to boasting the investment incentives and the industry’s supply chain and availability of raw materials.
According to the latest report, 19.33% of companies out of 600 showed their interest in raising their investment in the country. Also, they intend to maintain their current investment level. Similarly, the FDI applications contributed to about 60% of the assignments while 53% of the total investment was made by China, Japan, Singapore, Netherlands, and Taiwan.
Duangjai Asawachintachit, the BOI Sectary General is extremely delighted to get the support of the investors and said that this showcases Thailand’s performance in managing the pandemic.
Reasons investors supported Thailand in the crisis
Majorly because of the investment privileges offered by the country and the availability of enough raw materials for manufacturing, which demonstrated the country’s strength that lies in its supply chain and logistics.
Considering the commitment of the locals and the foreign investors towards Thailand there was an increase in investment applications during January-September 2020, so much so that it rose to 1098 and continued increasing thereafter.
