Foreign investment tallied 45.4 billion baht in the first five months of this year, with Japan topping the list in terms of spending to develop businesses in Thailand.
Japan's investment value totalled 15.9 billion baht, followed by China at 11.5 billion, then Singapore at 6.35 billion, according to the Commerce Ministry report.
Thosapone Dansuputra, director-general of the Business Development Department, said the Foreign Business Committee granted permission under the Foreign Business Act to a total of 274 investment applications in the first five months of 2023, up 16% year-on-year.
