The Board of Financial Investment (BOI) just recently reported details on Thailand’s commercial revival, concentrating on electronic devices, processed foods, and electrical lorries (EVs). The financial investment worth from January to June 2023 was US$ 10.3 billion (364,420 million baht), showing the efficiency of the federal government’s policies to promote foreign financial investment, especially in the completely incorporated EV market.
According to Ratchada Thanadirek, Deputy Federal Government Representative, there were more applications for financial investment promo throughout the very first half of 2023 in regards to both the variety of jobs and financial investments. China, Singapore, and Japan are the 3 nations that supplied the most foreign financial investment.
The EV sector, that includes parts producing and charging stations, is the one to take notice of. Thailand intends to become the ASEAN area’s main EV production center. Presently, there are 14 battery electrical car (BEV) producers with a production capability of 276,640 lorries annually and an overall financial investment of US$ 966 million (33,970 million baht). ( PRD)
