Investment applications rise 80% in first quarter 2021

Investment applications rise 80% in first quarter 2021

Areas in the Eastern Economic Corridor are a major destination for foreign investors. (Bangkok Post file photo)
Areas in the Eastern Economic Corridor are a major destination for foreign investors. (Bangkok Post file photo)

The value of planned investment in applications made in the first quarter of 2021 rose 80% to 123 billion baht as proposed foreign direct investment (FDI) more than doubled, an investment agency said on Wednesday.

FDI projects had a combined application value of 62 billion baht in the January-March quarter, a 143% increase from the first three months of 2020.

South Korea, China, and Singapore were the top three source countries of FDI applications, the Board of Investment (BoI) said in a statement.

The medical sector attracted the most investment with a total of 29 projects worth 18.4 billion baht, over 100 times more than a year earlier, it said.

Last year, combined domestic and foreign investment pledges fell 30% from a year earlier to 481 billion baht, as foreign investment applications dropped 54% to 213 billion baht  because companies were put off by the coronavirus pandemic. 

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