ASEAN KEY DESTINATIONS
Thai exports and investment up
Mr. Suttinee said exports continued to expand despite the negative impacts of the twin natural disasters in Japan and the debt crisis in Europe.
The export value of electrical appliances in the first half was up 21 percent from the same period last year to $11.59 billion; electronic products were valued at $16.5 billion, up four per- cent.
Exports of plastic pellets increased 55.73 per cent to $4.47 billion and textiles and garments were up 24.4 percent to $4.24 billion, she said.
The value of exported automobiles and auto-parts in the first half went up 2.3 per cent from the same period last year to $8.74 billion. The automotive industry is expected to continue to grow this year despite the impact of the Japan earthquake and tsunami, with expected total car output at 1.8 million units, an increase of 9.4 percent year-on-year, said Mrs Suttinee.
Of the total, 900,000 vehicles would be for domestic sales and the remaining 900,000 units for export, she added.
Board of Investment secretary-general Atchaka Waikwamdee said a total of 1,030 investment projects, with a combined investment cost of 299.50 billion baht (US$10.1 billion), had applied for investment privileges over the first seven months of this year.
The number of applications had increased by 37.9 percent from 747 reported on the same period last year and the application value was up 45.5 percent, she said.
The applications came to 53.6 billion baht in July, the highest in the seven months, she added.
"Based on nearly 300 billion baht value of the applications, the BOI has confidence that the application value will be more than the 400 billion baht target set for this year," said the secretary-general.
The metal products, machinery and transportation equipment industries had the largest number of projects at 265, with a total value of 83.1 billion baht, followed by utilities and services industries with 222 projects and 61.5 billion baht in value, Mrs. Atchaka said.
Chemical, paper and plastic industries had the third largest number of projects at 141, with 49.9 billion baht in investment cost. The electronics and electrical appliances industries came fourth with 146 projects and 13.6 billion baht investment value.
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below