According to news from Sina US Stock Exchange Beijing time on the 13th, the Thai Investment Promotion Committee said on Monday that the total amount of investment applications received by Thailand in 2019 reached 756 billion baht (US $25.07 billion), down 16% from 2018, but still slightly above the target.
In 2019, Thai and foreign companies submitted applications for 1624 projects in Southeast Asia's second-largest economy.
Thai Deputy Prime Minister Zeng Hanguang said that China overtook Japan for the first time in 2019 to become Thailand's largest source of investment. The total value of projects planned by Chinese companies is 260 billion baht, far exceeding Japan's 73 billion baht.