Thailand's First Quarter Investment Applications Almost Double to 431.2 Billion Baht Boosted by Fivefold Increase in Digital Sector, BOI Says

BANGKOK,April 30, 2025/PRNewswire/ -- The value of applications for investment promotion inThailandin the first quarter of 2025 amounted to 431.2 billion baht (USD 12.9 billion), an increase of 97% from the same period of last year, led by large infrastructure projects, including a fivefold jump in digital sector applications, mainly foreign investments in data centers, theThailandBoard of Investment (BOI) announced today.

"The data for the first three months of 2025 further confirms the trend seen last year when the data centers and digital services became for the first time the top ranked sector in terms of investment value,"said Mr. Narit Therdsteerasukdi, Secretary General of the BOI."This demonstrates the increased focus by both foreign and local companies on high tech investments inThailandin line with our five-year strategy. This also reflects investors'confidence inThailand'slong-term economic potential despite the current global uncertainties."

Domestic and foreign investors filed a total of 822 project applications during the January-March period, a 20% increase from the first quarter of 2024. As many as 618 of those applications involved foreign investors.

Applications in the infrastructure sector included Bangkok Expressway and Metro PCL's109.2 billion bahtinvestment in the construction of the 35.9 kilometer-long Orange Line which will connectBangkok'swestern and eastern suburbs, that will greatly facilitate travel in the city.

The digital sector saw the value of applications soar over five times to94.75 billion baht, from17.42 billion bahta year earlier, boosted by a combined investment value of94.23 billion bahtin five data center projects.

In other target industries, a total of 122 applications were filed for investments in the electrical and electronic (E&E) sector representing a combined value of87.81 billion baht, while the automotive and parts sector saw 72 projects worth a combined23.5 billion baht.

The petrochemicals and chemicals sector saw 81 applications worth13.94 billion baht, the agriculture and food processing sector saw 61 projects worth a combined12.72 billion baht, and the tourism infrastructure sector saw 10 projects worth a combined9.26 billion baht. 

Hong Kong Tops FDI Source Ranking

Foreign direct investment (FDI) applications in the January-March period amounted to a combined investment value of267.7 billion baht, an increase of 62% from a year earlier.

Hong Kong-based companies came on top of the ranking of FDI sources for the quarter with a combined investment value of135.16 billion baht, accounting for 50% of all FDI pledges in the period, including72.7 billion bahtin the digital sector alone.

MainlandChinacame in second with 47.3 billion baht, mostly invested in the metal, electronics and automotive industries, followed bySingaporewith38.1 billion baht, focused on projects in the E&E and digital sectors.

Japanranked fourth with25.1 billion baht, mostly investments in the E&E and automotive sectors, followed in fifth position by investments fromTaiwan-based companies with4.76 billion baht, mostly in the E&E and automotive parts sectors.

Last year,Thailand'stotal applications for investment promotion soared 35% in value to a 10-year high of1.14 trillion baht. The digital sector, which includes data centers and cloud services, topped in 2024 for the first time the sectorial rankings with a combined243.3 billion bahtin pledged investment, and was followed by the E&E sector with231.7 billion baht.

For more information, please contact:

ThailandBoard of Investment

Tel. +66 (0) 2553 8111

Website:www.boi.go.th

YouTube: Think Asia, Invest Thailand

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SOURCEThailandBoard of Investment (BOI)