Author(s)

Xu Wang

Affiliation(s)

Department of Humanities and Finance, The Hi-tech College of Xi’an University of Technology, Xi’an 710109, Shangxi, China.

Corresponding Author

Xu Wang

ABSTRACT

Against the backdrop of economic globalization and the disruptions triggered by the U.S. reciprocal tariff policy, this study explores Thailand's attractiveness as a foreign direct investment (FDI) destination and its role in the global economy. Analyses of its economic development indicate that Thailand's GDP grew steadily at 3.9% in 2023 and 2.3% in 2024, reaching approximately $526.8 billion in 2024, with FDI serving as a critical driver of this growth. The Thai government's policies, such as tax incentives and the one-stop services offered by the Board of Investment (BOI), have significantly facilitated FDI inflows. Key investment sectors include electronics, digitalization, automotive manufacturing, and agriculture. For example, Chinese investments in electric vehicle (EV) components and Japanese advancements in automotive technology have boosted industrial upgrading. This study provides actionable insights for global enterprises to leverage Thailand’s advantages for trade substitution and sustainable development, highlighting its potential as a key node in global value chains.

KEYWORDS

Thailand; Foreign direct investment(FDI); Economic growth; Industrial development

CITE THIS PAPER

Xu Wang. An exploration of foreign direct investment in Thailand. World Journal of Economics and Business Research. 2025, 3(2): 37-42. DOI: https://doi.org/10.61784/wjebr3044.

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