Bangkok: The Board of Investment (BOI) revealed that in 2024, foreign investment in Thailand increased by 35%, marking the highest level in ten years.

According to Thai News Agency, Narit Therdsteerasakdi, Secretary-General of the BOI, highlighted during a panel discussion at the Thailand Focus 2025: Beyond the Challenges event that the country’s economic competitiveness remains robust in the region.

The investment growth rate in Thailand saw a significant increase from 2023, driven by direct investments from countries such as Singapore, China, Hong Kong, Taiwan, and Japan. Thailand’s appeal to investors is attributed to its advanced infrastructure, including deep-sea ports, international airports, and leading data centers.

Thailand has established 17 free trade agreements with 24 countries and is currently in negotiations with the European Union and Canada. The nation shows promise in supply chains, especially within the automotive and technology sectors, with a focus on green energy, clean energy, and advanced technology.

The Thai government has implemented measures to attract foreign investors, such as a one-stop service center at One Bangkok and 10-year visas with work permits for skilled workers. Despite these efforts, there is a recognized need to enhance workforce capabilities, which is being addressed in collaboration with educational ministries.

In response to the 19% tariff imposed by the United States, Therdsteerasakdi views it as part of a long-term negotiation process. Thailand’s strong economic fundamentals and its appeal as an investment destination provide an advantageous position, while the government’s negotiating team actively engages with the United States to optimize benefits for Thailand.