Key Takeways
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Thailand’s Board of Investment (BOI) has reported record investment applications of 1.13 trillion baht (USD 33 billion) for 2024, marking the highest level in a decade. Over 3,100 projects were approved, solidifying Thailand’s role as ASEAN’s technology and industrial leader despite global trade tensions.
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Foreign direct investment reached 832 billion baht, a 25% increase, with significant contributions from Singapore, China, Hong Kong, Taiwan, Japan, and the U.S. The Eastern Economic Corridor (EEC) attracted 573 billion baht, emphasizing its appeal to investors.
- The BOI’s 2025 vision is to position Thailand as a regional "Tech Hub," focusing on 5G, AI, electric vehicles, semiconductors, and clean energy. Upcoming international roadshows aim to draw major investors from China, the U.S., and Europe, enhancing Thailand’s future as a manufacturing base.
Thailand has made history, with the Board of Investment (BOI) reporting that investment applications in 2024 soared to 1.13 trillion baht (about USD 33 billion)—the highest in a decade and a new record since the agency’s founding. Over 3,100 projects were approved, highlighting Thailand’s position as ASEAN’s leading technology and industrial base, even amid global trade tensions.
The following were the top five investment sectors :
Foreign direct investment reached 832 billion baht, a 25% increase from last year, led by Singapore, China, Hong Kong, Taiwan, and Japan. U.S. companies also invested significantly, primarily through Singapore. The Eastern Economic Corridor (EEC) remained a magnet for capital, absorbing 573 billion baht in investments.
Looking ahead to 2025, the BOI aims to establish Thailand as a regional “Tech Hub,” building on strengths in 5G, AI, electric vehicles, semiconductors, and clean energy. International roadshows are planned to attract major investors from China, the U.S., and Europe, positioning Thailand as the “manufacturing base of the future.”
