Commerce Min: 2012 FDI values at 16.4 billion baht

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BANGKOK, 2 January, 2013  The Dapartment of Business Development revealed that foreign direct investment or FDI in 2012 totaled 16.4 billion baht, while employment was up by 168 percent year-on-year. 

According to Deputy Director-General of the Commerce Ministry’s Business Development Department Ittipol Changlum, 336 foreign companies were granted licenses to invest in Thailand in 2012, with combined investment capital of 16.4 billion baht.

Those foreign companies have generated employment for over 9,000 Thai workers, a steep rise of 168 percent year-on-year. The number of businesses allowed for FDI increased by nearly 30 percent when compared to the previous year’s, whereas the value of investment capital rose by 55 percent. Most of the workers hired are in the service sector.