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Foreign investment grew 77% in past 11 months (BOI)

The Board of Investment has announced that the total number of investment incentive applications from January to November 2011 reached Bt615.4 billion, well exceeding the initial target of Bt500 billion.

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Dr. Atchaka Sibunruang, secretary general of the Thailand Board of Investment (BOI)

The Board of Investment has announced that the total number of investment incentive applications from January to November 2011 reached Bt615.4 billion, well exceeding the initial target of Bt500 billion.

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In terms of projects applying for the incentives, the total number in November alone was as high as 177 projects while the highest investment value was Bt135.6 billion. Such an impressive number confirmed that foreign investors’ confidence in Thailand continues to be very strong.

Foreign investment during the past 11 months grew significantly.

There were 921 projects applying for investment incentives with a total investment value of Bt354.54 billion, representing an increase of 77 per cent over the same period last year.  Japan remains the largest investor with applications for 496 projects totaling Bt168.392 billion. The total project number increased by 54 per cent while the total investment value increased by 90 per cent compared to the same period last year.

The second largest investor is China with 131 projects and Bt26 billion in value, followed by Singapore (48 projects, Bt22.876 billion), Hong Kong (29 projects, Bt12.552 billion) and South Korea (37 projects, Bt7.584 billion).  Other countries making investments are Taiwan (42 projects, Bt6.451 billion), USA (29 projects, Bt6.3 billion), UK (23 projects, Bt5.953 billion), and Switzerland (Bt5.691 billion).

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