Bangkok: The Department of Business Development in Thailand has reported a slight decrease in the number of new business establishments in the first quarter of 2025, with investors closely monitoring the global trade situation. The total number of new businesses stood at 23,823, reflecting a 3.89% decrease from the same period last year. Despite this decline, foreign investments in Thailand have shown an increase, with 272 investments totaling 47,033 million baht recorded in the first quarter of 2025.
According to Thai News Agency, Mrs. Aromon Sapphathawittham, Director-General of the Department of Business Development, disclosed that March 2025 saw the establishment of 7,432 new businesses, marking a decrease of 301 businesses compared to March 2024. However, the total registered capital saw a significant rise of 74.45%, amounting to 38,635 million baht. The top sectors for new business establishments included general building construction, real estate, and restaurants.
The month of March also witnessed the registration of four businesses with capital exceeding 1,000 million baht, totaling 18,979 million baht in value. These businesses include Thai Namthip Corporation Public Company Limited, Hop Inn Hotel Public Company Limited, Compec Technology (Thailand) Company Limited, and Gem-Year Industrial Company Limited.
In contrast, 889 businesses ceased operations in March 2025, a slight decrease from the previous year. For the first quarter, there were 3,107 business cessation registrations, reflecting an increase from the previous year. The accumulated registered capital ceased also saw a minor decrease.
Despite the drop in new business establishments, foreign investment has shown a marked increase, with Japan, the United States, China, Singapore, and Hong Kong being the top investors. The air transportation business is one sector that is experiencing growth, driven by factors such as the recovery from the COVID-19 pandemic, visa exemptions, and a thriving e-commerce market. In 2024, Thailand saw a notable increase in air passengers and cargo transport, indicating positive prospects for the sector.
The Department of Business Development notes that the slight decrease in business registrations may be attributed to uncertainties in global trade, particularly concerning the US reciprocal tariffs policy. Investors are also cautious about potential challenges in business management and regulatory scrutiny from the Ministry of Commerce. Despite these concerns, the ratio of business establishments to closures remains stable, suggesting resilience in the Thai business environment.