The projects approved by the Board of Investment (BOI) since the establishment of the new government were mainly strategic sectors, which will be the focus of Thailand's investment promotion policy in the coming years, BOI Secretary General Narit Therdsteerasukdi said.
Besides, the BOI fine-tuned the five-year investment promotion strategy that became effective in January this year.
The adjusted strategy places five strategic industries and activities such as Bio-Circular-Green economic activities, automotive sectors and electronics, at the core of the investment promotion policy for the next four years, and provides them with special investment incentives.
Narit added that the introduction of new investment promotion strategy that aims to restructure the Thai economy towards the "New Economy" makes Thailand's investment even more attractive.
From January to August 2023, the BOI has received investment promotion applications worth a combined investment value of 465 billion THB, a 47% increase from the same period of last year. The number of applications rose 33% to 1,375 projects./.
VNA