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Economy Thailand Plans 10-Year Tourist Visa and 99-Year Land Lease to Boost Economy
Picture courtesy of ET Travel world Thailand is gearing up to inject a fresh lease of life into its faltering economy with bold policy proposals. Deputy Prime Minister and Finance Minister Pichai Chunhavajira announced intentions to introduce a 10-year tourist visa, allowing foreigners extended stays and work opportunities in the Land of Smiles. This plan coincides with proposals to offer 99-year lease rights on government land, poised to attract international interest and spur various economic sectors. In the "Thailand’s Capital Market Forum 2025", Pichai outlined these ambitious measures as part of a broader strategy to counteract global economic issues, especially those triggered by US President Donald Trump's trade tariffs. Scheduled for further discussion at the economic stimulus policy committee, chaired by Prime Minister Paetongtarn Shinawatra, these proposals aim to clarify responsible agencies and financial allocations necessary for implementation. Tourism stands at the forefront of this economic revitalisation push. The proposed 10-year visa scheme intends to facilitate longer stays for foreigners, potentially transforming Thailand into a preferred hub for work and lifestyle. Coupled with 99-year land leases under the "land use rights" framework, Thailand hopes to tap into the burgeoning demand for long-term international residency and business initiatives. This isn't all; the Thai government is also focusing on long-term infrastructure and technological advancements. These include enhancing the digital economy, establishing Thailand as a regional data centre, boosting the electric vehicle industry, and expanding dual-track railway systems. Moving towards a logistic powerhouse, the nation also plans the development of land bridges and essential water channels to drive agricultural productivity. Pichai highlighted the fluctuating Thai stock market, which has dipped from 1,700 to 1,200 points over two years. He urged stability, noting the government's reluctance to introduce further capital market stimulus amidst existing, effective measures. These strategic plans signify Thailand’s approach to tackling external economic pressures while revitalising internal growth, potentially reshaping the country's global economic position. Adapted by ASEAN Now from Thai Newsroom 2025-05-19 -
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Report Pattaya Immigration Police Arrest Foreign Nationals for Begging Scheme
My ignorance was bliss untill I got inquisitive, why do you ask, do you know? -
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Economy Thailand’s Wealth Gap Widens: Most Bank Accounts Below 50,000 Baht
All? Absolute nonsense. Live in rural Thailand and you'll see the poverty the majority of Thais live in and it does not include brand new cars in the drive. -
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Community Naked Foreign Man Escapes Hospital, Runs Amok in Pattaya Streets
Obviously many health issues, at least mental health. -
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United States credit rating
You sound childless. BTW..this is a topic about the US Credit rating.
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