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Thailand approves Eastern Economic Corridor development plan

Thailand’s Eastern Economic Corridor (EEC) Policy Committee on November 24 approved the EEC development plan for the 2023-2027 period to attract on average of 100 billion THB (2.8 billion USD) yearly.
Thailand approves Eastern Economic Corridor development plan ảnh 1

An overview of the EEC (Photo: Thai Foreign Ministry)

Bangkok (VNA) — Thailand’s Eastern EconomicCorridor (EEC) Policy Committee on November 24 approved the EEC developmentplan for the 2023-2027 period to attract on average of 100 billion THB (2.8billion USD) yearly.

The committee also approved a scheme to offer 10-year visas forinvestors in targeted businesses in its industrial eastern region to attractforeign investment. The scheme is expected to start next year.

According to Thai Deputy Prime Minister and Minister of FinancePhumtham Wechayachai, the plan points out five development strategies for promotinginvestment in target industries and services in the future, improving theefficiency of the infrastructure and public utility systems, increasing theworkforce’s capacity to adapt to technological changes and innovations,developing modern, livable and career-friendly cities, and connecting thebenefits derived from investment with the sustainable development of thecommunity.

The EEC, which covers three provinces east of the capitalBangkok, is a centerpiece of government efforts to boost growth and encourageinvestment, particularly in high-tech industries./.

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