Thailand attracts nearly 100 billion THB in foreign investment in 11 months
A total of 612 foreign enterprises with a total investment of over 98.28 billion THB (2 billion USD) were granted licenses to do business in Thailand in 11 months of 2023, according to Oramon Sapthaweetham, Director-General of the Department of Business Development under Thailand’s Ministry of Commerce.
Bangkok (VNA) – A total of 612 foreign enterprises with a total investment of over 98.28 billion THB (2 billion USD) were granted licenses to do business inThailand in 11 months of 2023,according to Oramon Sapthaweetham, Director-General of the Department ofBusiness Development under Thailand’s Ministry of Commerce.
The businesses provided employment for over 6,000 local people.
Japan was the biggest foreign investor in Thailand with 129businesses valued at 30.1 billion THB (926 million USD). Japanesecompanies invested in various sectors, including the petroleum explorationservice within the surveyed areas in the Gulf of Thailand, manufacturing ofvehicle components, and engineering and technical services such as analysis andprocessing of greenhouse gas data in various business activities.
It was followed by Singapore with 95 businesses with 22.2 billion THB, investing in businesses such as life and propertyinsurance agencies, the hotel industry, and electronic financial services. The US ranked third with 95 businesses, with 4.2 billion THB, focusing on services related to software rightsutilisation, design, development, and system installation of software programmes andapplications used for business operations. Additionally, they provided servicesin the banking and financial sectors, acted as agents for procurement, anddistributed various types of vehicles, including electric cars.
Oramon said that the involvement of foreigners in business inThailand in recent times has contributed to the transfer ofspecialised technological knowledge from the investing countries to local peopl🐻e. They include knowledge related to p🅺etroleum drilling, design ofelectrical and electronic systems in railway projects, natural gas pipelinesystems on land, and maintenance and care techniques for components, tools, andequipment used in power plant maintenance./.
Thailand has embarked on an ambitious goal of setting up 1,500 digital classrooms for schools of all sizes across the nation to nurture at least 100,000 talents annually.
The Digital Economy and Society (DES) Ministry of Thailand has outlined its “quick wins AI & cloud policy” to promote artificial intelligence (AI) adoption and support domestic AI technology providers.
Thailand’s Ministry of Public Health has set a target to reduce road accidents during the upcoming New Year holidays by 5%, by emphasising the message: no drinking and driving.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Illustrative photo (Photo: nationthailand.com) 
