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Thailand Will Focus on High Value-added Economy


webfact

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Thailand Will Focus on High Value-added Economy

Paphamon Arayasukawat

 

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BANGKOK (NNT) - The next national economic and social development plan from 2022 to 2026 is aimed to provide Thailand a high value-added economy.

 

National Economic and Social Development Council (NESDC) Secretary-General Danucha Pichayanan said the NESDC board has approved a development framework for the 13th national economic and social development plan, focusing on high value-added economic development.

 

He said the development plan will focus mainly on four areas over the next five years, including restructuring the industrial sector towards higher technology, building opportunity for Thais to have more security in their life, both in terms of income and well-being, in order to narrow income disparity.

 

Mr Danucha said the government also needs to ramp up its support for community-based businesses and SMEs, smart city development and a better environment. Another area is high-quality workforce development, improvement of government management to facilitate investors, and public services.

 

 

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It is a tourist based economy.  It will take more then a few years to retool any of it.

Without tourism,  this place will be in a state of continued recession for many many years.

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51 minutes ago, webfact said:

Mr Danucha said the government also needs to ramp up its support for community-based businesses and SMEs, smart city development and a better environment.

 

Thailands Gini Coefficient was 34% in 2018 and will be lower now.  Its hard to promote community based businesses and smart cities when all the wealth is in the hands of a few fat cats.

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And where pray are all the people  with good & relevant  education who are going to be employed  in this higher added value wonderland?  Thai education  is churning out no people fit for this economic pipe dream. So this is yet another example of government talk and zero delivery, just like high speed rail, urban light rail, riverside promenades & of course the latest doozy, vaccine production by a company that has never produced a vaccine before! Dream on Mr Minister.

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I doubt very much if the Authorities that are looking for a " Value Added Economy " actually know what the term" Value added " really means.

" Value added " is where a little extra in terms of things like cost reduction, customer care , Quality and so forth, are added to the product to give it added value at at no extra cost.

Usually this is to entice your customers to buy your product because they will get more for their Money.

Now, I have lived in Thailand for many Years, and for the Thai Authorities to give anything, however small, in the form of any " Added Value " just will not happen.

 

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7 hours ago, brommers said:

And where pray are all the people  with good & relevant  education who are going to be employed  in this higher added value wonderland?  Thai education  is churning out no people fit for this economic pipe dream.

 

7 hours ago, phantomfiddler said:

Will this include training in how to install a storm drain that actually works ?

Don`t be so negative chaps...leave the Secretary General alone in his dreamworld....:thumbsup:

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Good ideas.  Now work on the building blocks—better technical skills and English from the workforce.  And keep improving infrastructure.  Oh yes, and if you want to compete on the world stage—a more competitive currency.

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11 hours ago, webfact said:

The next national economic and social development plan from 2022 to 2026 is aimed to provide Thailand a high value-added economy.

Translated:
The wealthy will be given the opportunities to get wealthier and everyone else will get rogered. 

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