A Reuters report states that Thailand’s Board of Investment (BOI) has announced plans to accelerate investment projects worth 300 billion baht ($9.22 billion) over the next four months as part of a broader effort to revive the nation’s sluggish economy.
The projects—covering sectors such as data centres, electronics, and power generation—will benefit from streamlined procedures and faster approvals.
The initiative comes as the government seeks to offset pressures from US tariffs, high household debt, and a strong baht that have collectively weighed on Southeast Asia’s second-largest economy.
BOI to introduce ‘Fast Pass’ for priority projects
Reuters states that to speed up approvals, the BOI is introducing a new “Fast Pass” system that will allow priority projects to move through the approval process more quickly.
The scheme includes strict service-level timelines and interagency coordination to reduce bottlenecks that have historically delayed major investments. According to the agency, around 70 key projects will be prioritised under this plan.
The fast-tracking measure also aligns with the government’s wider industrial transformation goals. The BOI is working on establishing a national semiconductor board to oversee chip industry strategy, reflecting Thailand’s ambitions to strengthen its electronics and technology sectors.
Strengthening Thailand’s digital and industrial base
The investment acceleration builds on Thailand’s ongoing efforts to position itself as a regional digital hub. Earlier this year, the government approved 90.9 billion baht ($2.7 billion) in projects focused on data centres and cloud services, led by companies such as Beijing Haoyang Cloud & Data.
These approvals are part of a larger drive to attract technology-based investments and enhance infrastructure for the digital economy.
The government’s focus on power generation and energy-related projects also highlights its intent to support industrial expansion sustainably. New power facilities are expected to serve as the backbone for upcoming high-tech and manufacturing investments.
Stimulus measures to boost domestic demand
Parallel to the BOI’s efforts, Thailand’s government is implementing a series of stimulus initiatives to boost domestic demand and tourism.
On Wednesday, officials confirmed that new incentives for domestic travel would be introduced to encourage spending and support related sectors. The goal is to lift economic growth beyond the current projection of 2.2% for the year.
These measures come after a series of earlier fiscal efforts aimed at stabilising consumer confidence and promoting investment in key sectors such as infrastructure and technology.
Implementation challenges remain
While the BOI’s “Fast Pass” initiative is seen as a positive step, success will depend on effective coordination between government agencies and consistent enforcement of faster timelines.
Administrative delays have long been a barrier for investors in Thailand. Additionally, global trade uncertainties, including tariff-related disruptions and currency fluctuations, may continue to affect investor sentiment.
However, if the 70 projects are successfully completed within the four-month target, Thailand could improve its investment competitiveness and reinforce its position as a growing hub for technology, semiconductors, and clean energy in Southeast Asia.
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