Among the ASEAN countries, Thailand is currently experiencing a stronger economic growth and foreign investors are placing a special trust toward this country. Consumer demand is increasing and according to figures provided by the Asian Development Bank, GDP growth for 2012 is expected to reach +5.5%, a very significant digit, compared to +0.1% of the last year.
Additional data confirm this thesis. The Thailand Board of Investment, main government agency that aims to promote investments in the Asian country, has recently announced that in the first two months of 2012 the number of new investment projects increased by 14.5%, and the total value of new investments, taking into consideration the same period, has reached 3.826 million Euro (compared to 1.640 million Euro in 2011), experiencing an increase of 133% on an annual basis.
Foreign direct investments continues to grow too. Till February 2012, there were 188 new investment projects, for a total value of 2.039 million Euro: 74 of these projects, came from companies that had not previously worked in Thailand. Compared to the same period of 2011, there has been an increase by 30.5% for number of projects and 91.7% in terms of value.
The sectors of chemical products, paper and plastic, services, electrical and electronic equipment, machinery and automotive have been those in which companies have invested most. Among the investor countries, Japan is ranked first, followed by the United States, Netherlands, Singapore and Switzerland.