Download Thailand Ends 2014 with Record High Number of Investment

Thailand Ends 2014 with Record High Number of Investment Applications
Thailand wrapped up 2014 with record high number of investment applications from foreign investors.
The Thailand Board of Investment (BOI) reported that the value of foreign direct investment applied
through BOI totaled 1.02 trillion Baht (approximately $31 billion USD) in 2014. Japan tops the list in
terms of total foreign direct investment in Thailand, with the US and EU close behind.
In terms of foreign investment, 74 projects were submitted by US companies with a total value of
approximately 130,921 million Baht (approximately $4 billion USD). These companies include: Seagate
Technology, Hutchinson Technology, Ford Motor Company, General Motors, Visteon Corporation and
the Kellogg Company.
The auto sector in particular saw an investment surge, which is primarily credited to the country’s EcoCar Program. Major auto companies that participated in this program, each with a value of investment
worth more than 1 billion Baht, (approximately $31 million USD), include Toyota, Saic Motor, Suzuki,
Honda, Nissan, Isuzu, Mitsubishi Motors, Ford Motor Company and General Motors. Such sizeable
investments reaffirm Thailand’s role as a leader in the auto and eco-car industry and as an auto
manufacturing hub in the ASEAN Economic Community (AEC).
For more information, contact BOI’s New York office.