Thais continue to invest “substantially” in other Southeast Asian countries, drawn by their faster economic growth and rising middle classes, a Board of Investment director said on Wednesday.
Deputy secretary general Chokedee Kaewsang made the observation at the Thailand Overseas Investment Forum jointly hosted by the BOI and Thailand Development Research Institute.
Thai investment in the region in the past five months totalled US$5.5 billion (Bt183 billion), he said. It’s expected to reach $10 billion by year’s end.
Chokedee said Thai investment in the region rose to $14 billion last year, up from just $1 billion 10 years ago.
The BOI is currently encouraging Thais to invest in Vietnam, Indonesia, Myanmar, Cambodia, Laos and the Philippines.