Thailand on target for US$33 billion foreign direct investment in 2013

A total of 1,055 investment applications with a combined worth of 632.8 billion baht were submitted to the Board of Investment (BoI) for investment privileges in the first six months of the year, January to June, Industry Minister Prasert Boonchaisuk said on Wednesday. The number of applications over the first half of the year increased by 5.8% over the same period last year, and the value by 47%, he said, adding he was confident that the value of the investment applications for 2013 would reach one-trillion baht as targeted. A total of 104 applications, with a total investment cost of 479.2 billion baht, were projects having an investment cost of more than one billion baht, he added. The number of investment applications would continue to grow in the second half of the year, boosted by several positive factors. The factors included the weakening baht, the improving economies of the Mekong River basin countries, the expansion in the domestic service and tourism industry and the possibility that foreign auto-part makers would invest more in Thailand, he said. Industries with more investment potential in the second half of the year included agriculture, food, automobile and auto-parts and service and public utilities. (Source)

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