Nod for more foreign firms
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Another 23 foreign companies received approval to set up businesses in Thailand last month, with total initial investment of at least Bt760 million, a Business Development Department report showed.
Approvals grew by 9 per cent year on year, while initial investment has increased another Bt413 million from May last year. The businesses, which were approved to begin operations this month, are expected to create at least 191 jobs for Thais.
In the first five months of this year, 133 foreign firms have been approved to operate in the Kingdom, a rise of 43 per cent year on year, with combined initial capital of Bt4.01 billion.
Ittipol Changlum, deputy director-general of the department, said more foreign companies wanted to invest in Thailand amid strong economic growth as well as the upcoming benefits from full integration of the Asean Economic Community by 2015, which will create seamless trade.
The most popular businesses for foreign investors here are services, financial agencies, and wholesaling.
