BANGKOK – Thailand expects its overall investment applications to hit 500 billion baht (RM61.78 billion) this year, acting government spokesperson Anucha Burapachaisri said.
In the first six months of this year, investment pledges stood at about 220 billion baht.
“Government-promoted industries such as electric vehicle manufacturing, bio-circular-green (BCG) industries, and other related industries saw the most requests.
“The government is pleased with the continued confidence of foreign investors in Thailand’s potential as a production base,” he said in a statement.
Anucha said Thailand is hoping measures to promote investment, including a long-term resident (LTR) visa launched on September 1, would draw more foreign investments.
“This is in line with the government’s policy to offer privileges to foreign investors in 12 targeted industries to establish their business base in Thailand.
“The government strives to promote environment-friendly investment on the basis of balanced and sustainable growth, especially investment in the BCG economy,” he said.
The Thailand Board of Investment started accepting applications for the new 10-year LTR visa to attract investors, talent, remote workers, and retirees to live, work or invest in Thailand.
The LTR visa, which was approved by the cabinet in September 2021, also aims to further improve the ease of doing business in the country. – Bernama, September 13, 2022
