Pongpun Gearaviriyapun, director-general of the department, said that foreign firms tended to invest more following Asean integration and the government’s investment in infrastructure projects.

She said that new foreign firms should continue to invest more in Thailand to serve business growth in Asean, as well as the strong recovery of the Thai economy.

Moreover, the government’s policy to support Thailand as a regional headquarters for foreign companies should also facilitate more foreign investment.

In June alone, 32 foreign firms were approved to operate in the country under the FBA and could bring about Bt604 million initial investment capital to the country.

The initial investment capital is quite large compared to June last year, as this month there is one project investing in the establishment of a power plant.

Most foreign investors have high interest businesses related to subsidiaries in finance, consultancy, retail and wholesale, and construction services.