webfact Posted May 12, 2021 Share Posted May 12, 2021 By Paphamon Arayasukawat BANGKOK (NNT) - The value of investment projects, submitted under Board of Investment (BoI) tax incentive programs, has increased by 80% year-on-year to 123.36 billion baht in the first quarter, driven mainly by the COVID-19 pandemic and measures to curb the spread of the virus. BoI Secretary-General Duangjai Asawachintachit said the number of applications for new investment projects, from January to March, increased 14% year-on-year to 401. Medical devices, home appliances and electronic equipment were the most attractive categories to investors. She said, besides the pandemic factor, investors’ interest in S-curve industries, as well as the relocation of investment projects from China to ASEAN, also contributed to the investment growth in Thailand. According to the BoI, total investment value in the Eastern Economic Corridor (EEC) rose by 39% year-on-year, to 64.41 billion baht, with Rayong leading the way with 29.43 billion baht, followed by Chon Buri with 24.97 billion baht and Chachoengsao with 10.01 billion baht. -- © Copyright NNT 2021-05-12 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
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