New corporate registrations are expected to reach 83,000-90,000 this year, boosted by the increase in foreign tourists and the Thai economic recovery, outstripping an earlier projection of 75,000-78,000, reported the Thai Commerce Ministry's Business Development Department.
Bangkok (VNA) - New corporate registrations are expected toreach 83,000-90,000 this year, boosted by the increase in foreign tourists andthe Thai economic recovery, outstripping an earlier projection of75,000-78,000, reported the Thai Commerce Ministry's Business DevelopmentDepartment.
The departmentsaid on July 20 that in the first half of this year, the number of newbusiness registrations increased by 17.3% to 47,286 year-on-year, a record inthe past decade. Registered capital amounted to roughly 429 billion THB (over12 billion USD), up 53%.
The top three sectors withthe highest number of new registrations were general building construction,real estate, and the hotel/restaurant business.
Incontrast, there were 7,097 business closures during the same period, up 18% annuallyand down 15% in registered capital, which amounted to 49.6 billion THB.
The topthree industries with the highest number of business closures were also generalbuilding construction, real estate, and the hotel/restaurant business.
𓄧 Giventhe positive growth trend, the department has adjusted its estimate, with thenumber of new corporate registrations in the second half projected at36,000-43,000, raising the total number for the entire year to around83,000-90,000, up from 76,488 registered in 2022./.
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Illustrative image (Photo: Bangkok Post) 
