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Thailand Launches 12-Year Drive to Become a High-Income Economy

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The Thai government has set a goal of achieving high-income country status within the next 12 years through a strategy developed with the private sector. An interim objective is to place Thailand among the world’s 20 most competitive economies by 2030 while lifting potential economic growth above 3%. The plan prioritises agriculture and food, future transportation, artificial intelligence, digital electronics, healthcare, pharmaceuticals, trade and the creative economy. A programme called Reinvent Thailand will focus on investment, services, workforce development and improving the efficiency of government agencies. Officials also want investment to rise from about 22% of gross domestic product to nearly 30% to provide a stronger engine for long-term growth.

4 minutes ago, Video News said:

The plan prioritises agriculture and food, future transportation, artificial intelligence, digital electronics, healthcare, pharmaceuticals, trade and the creative economy. A programme called Reinvent Thailand will focus on investment, services, workforce development and improving the efficiency of government agencies.

Baby steps.

Let's see if you can manage to operate a sidewalk first, m'kay?

Dreams and pie in the sky Nothing here is going to advance Thailand one cm.

Thailand is on the fast track to no where never mind advancing to a high income economy.

Any money which becomes available will be diverted into the pockets of the usual suspects.

The national minimum wage - which is really the national standard wage, will remain at the risible B350 a day, and will apply to the overwhelming majority of people.

To be frank it is not really a wage or salary, rather pocket money given to slaves!

Edited by JAG

Another one of the many grand schemes for Thailand !! and the usual will happen ! Nothing !!!

tourism must be falling

Wotsa guvamint for if not for churning dreams in to words?

Step one...

Learn to take criticism and be responsible

Two

Learn English

Three

Start working..stop all these silly 5 day weekend nonsense

Four....then I woke up 💪😂😂😂😂

If this is what they want to do with Thailand, then it's about stability and consistency of the laws that they will not suddenly change at short notice because some new politician is pandering to the mass or whoever. A country that changes it's laws all the time scares off investors, both big and small. Thailand needs to concentrate on increasing business sentiment and confidence to tick certain boxes, like fairness and consistency of the laws, and not having this legal chaos that currently prevails.

You can't factor in the costs of doing business somewhere when the goal posts are constantly changing at the whim of politicians scoring cheap points or doing 180s on policies that were only introduced 6 months ago etc... investors will read the room and go elsewhere as it's too risky. It's not just business and property laws, it's immigration laws too... all of which now are a surreal mess and sends a terrible message. Choose some laws and regulations and stick with them and only make minor tweeks when needed... as you can't invite investors in on one set of rules and then suddenly say "Oops, sorry, new boss = new rules on everything... suck it up".

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