Thai direct investment abroad up 44.9% from 2011 to 2012, to US$11 billion

Global foreign direct investment (FDI) will rise to US$1.45 trillion this year with developing countries attracting 52 per cent of capital flows, the International Institute for Trade and Development (ITD) announced today.  FDI in Thailand saw a 10.6 per cent growth mostly from Japan’s auto and electrical appliance industries while Thai investment abroad increased by 44.9 per cent, at a total value of US$11 billion in 2012 from US$8 billion in 2011. ITD deputy director Watcharas Leelawath quoted the latest the United Nations Conference on Trade and Development (UNCTAD) World Investment Report as saying this year’s global FDI will be slightly higher than last year’s figure at US$1.35 trillion but 18 per cent lower than in 2011. Developing countries remained investment magnets, representing 52 per cent of total global FDI, in 2012 – the first year since the data began to be measured when developing countries’ FDI surpassed that of developed countries, he said. In 2011, FDI in developing countries dropped 4 per cent while it plunged 32 per cent in developed countries given the economic crisis in Europe, the US and Japan. Direct foreign investment in all regions worldwide has declined except for Southeast Asia, which enjoyed a 2 per cent rise with foreign investors eyeing Cambodia, Vietnam and Myanmar for investment in labour-intensive industries, he said. (Source)

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