The government spokesperson confirmed that in the first 7 months of 2024, more factories opened than closed in Thailand. The Director-General of the Department of Industrial Works revealed that during this period, 667 factories ceased operations, while 1,260 new factories began operating. After deducting the closed factories from the new ones, it was found that there was an increase in investment of 167,691 million baht and 25,663 new jobs were created.
This positive trend in economic growth is a result of the government’s efforts to support and boost the economy. The total investment in the first 7 months of 2024 exceeded 180,000 million baht, surpassing the total investment in some past years. The government is confident that with continued support and encouragement, the economic indicators in the country will continue to grow steadily, despite the global challenges we face.
Looking at the statistics over the past 5 years, on average, 1,254 factories closed each year, while an average of 2,360 new factories opened annually. This translates to a ratio of 53% new factories to 47% closed factories. From 2562 to 2566, the rate of factory closures was 69%, 36%, 28%, 52%, and 84%, respectively. In 2024, from January 1 to July 31, 667 factories closed and 1,260 new factories opened, resulting in a ratio of 54%, which is consistent with the average over the past 5 years.
The increase in investment and job creation is a positive sign for the Thai economy, indicating growth and development in various sectors. The government’s focus on economic stimulus and support for businesses has contributed to this upward trend. With a strategic approach and continued efforts, Thailand aims to maintain this positive momentum and overcome any economic challenges that may arise in the future. The collaboration between the government, industries, and investors will be crucial in sustaining this growth trajectory and ensuring long-term prosperity for the country.
