BOI Fast Pass to Unlock 480 Billion Baht Investment, Boost GDP

Thansettakij•Economy•8h ago

Reader Briefing

Thailand's Deputy Prime Minister Ekaniti Nitithanprapas is championing the BOI Fast Pass to accelerate private investments worth over 480 billion baht and stimulate GDP growth.

•The Thai government is preparing to implement the BOI Fast Pass mechanism to boost the economy.
•This initiative aims to unlock over 480 billion baht in private investment tied to approximately 80 approved BOI projects facing implementation hurdles.
•The policy targets new industrial clusters like smart electronics and digital, alongside accelerating government and state enterprise budget disbursements.

Overview

•The Thai economy, as announced by the NESDC, grew by 2.4% in GDP for 2025.
•To ensure continuous economic expansion, especially during the government formation period.
•Deputy Prime Minister and Minister of Finance Ekaniti Nitithanprapas announced measures at a cabinet meeting.
•The government plans to use the BOI Fast Pass mechanism to stimulate the economy.
•The BOI Fast Pass aims to unlock over 480,000 million baht in private investment.
•This investment is estimated to cover approximately 80 projects that are approved but facing implementation delays.
•These funds need to enter the system as quickly as possible, particularly in target industries like smart electronics and digital.
•Government agencies and state enterprises are urged to accelerate budgetary and investment expenditure.

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Key Quotes

Ekaniti Nitithanprapas

"To ensure continuous economic expansion, during the government formation period, measures to stimulate the economy through the BOI Fast Pass mechanism are being prepared."

เพื่อให้เศรษฐกิจขยายตัวได้ต่อเนื่อง ในช่วงฟอร์มทีมรัฐบาลจึงเตรียมมาตรการกระตุ้นเศรษฐกิจผ่านกลไก BOI Fast Pass

Key Entities

Person

Ekaniti Nitithanprapas(เอกนิติ นิติทัณฑ์ประภาศ)

Deputy Prime Minister and Minister of Finance who is promoting the BOI Fast Pass initiative to boost private investment and GDP.

Policy

BOI Fast Pass

A government mechanism designed to accelerate the implementation of approved private investment projects by the Board of Investment (BOI).

Organization

Cabinet(คณะรัฐมนตรี (ครม.))

The governmental body that held a meeting where the BOI Fast Pass initiative was discussed.

National Economic and Social Development Council (NESDC)(สำนักงานสภาพัฒนาการเศรษฐกิจและสังคมแห่งชาติ (สศช.))

The organization that announced Thailand's GDP growth figures for the year 2025.

NESDC(สภาพัฒน์)

An abbreviation for the National Economic and Social Development Council.

Board of Investment (BOI)(คณะกรรมการส่งเสริมการลงทุน (บีโอไอ))

The government agency responsible for approving private investment projects that the BOI Fast Pass aims to expedite.

BOI(บีโอไอ)

An abbreviation for the Board of Investment.