World

Thailand calls for foreign investment in building a high-value economy

Thailand is open to foreign investments, and the government is ready to work with the private sector to steer the country towards an inclusive and sustainable future, according to Prime Minister and Finance Minister Srettha Thavisin.
Thailand calls for foreign investment in building a high-value economy ảnh 1Thai Prime Minister Srettha Thavisin (Photo: AFP/VNA)
Bangkok (VNA)  - Thailand is open to foreign investments, and the government is ready to work with the private sector to steer the country towards an inclusive and sustainable future, according to Prime Minister and Finance Minister Srettha Thavisin.

The above message was given in Srettha’s keynote speech on "Reformation of Thai Economy Amidst Polycrisis" delivered during the Foreign Industrial Club Gala Dinner hosted by the Federation of Thai Industries.

According to the speech, Thailand's GDP grew by only 1.8% per year on average, and household debt also increased from 76% in 2012 to 91.6% this year.

For the past three quarters, the country's exports shrank due to high inflation, high interest, high cost of raw materials and energy, as well as high international competition, especially for commodity and agricultural products.

Thailand needs to be future-proofed to thrive in an increasingly competitive global economy amid international conflicts and a climate crisis, Srettha said.

The government's priority is to get the economy back on track and prepare the nation for future success by reducing the cost of living, encouraging domestic spending and expanding investment and businesses, he added./
VNA
#Srettha Thavisin #Thailand #foreign investment #high-value economy #Vietnamplus #Vietnam news #Vietnam News Agency Thailand
Follow VietnamPlus

Related News

Thai cosmetics makers aim to go global

Thai cosmetics makers aim to go global

Thailand’s National Science and Technology Development (NSTDA) has opened a one-stop service to assist entrepreneurs in the cosmetics industry in entering the global market.
Thailand establishes anti-online scam centre

Thailand establishes anti-online scam centre

The Digital Economy and Society (DES) Ministry of Thailand has launched the Anti Online Scam Operation Centre (AOC), a one-stop service point to tackle rampant online scams.
Thai deposits decrease for first time in a decade

Thai deposits decrease for first time in a decade

The value of deposits under the Deposit Protection Agency (DPA) of Thailand fell by 1.32% year-on-year, the first decline in a decade, attributed to a fragile economy and war in the Middle East.
Thailand’s exports show sighn of recovery

Thailand’s exports show sighn of recovery

Automobiles and auto parts, electronics and agricultural products will drive Thai exports in the final quarter of this year, though shipments overall will remain sluggish for 2023, according to the Federation of Thai Industries (FTI).

See more

Workers on duty at the Pleiku 2's 500kV substation in Gia Lai province, Vietnam. (Photo: VNA)

ASEAN reaffirms commitment to advancing green energy agenda

Member states also reviewed progress on six priority areas for 2025, including the development of an underground cable framework, the follow-up agreement to the ASEAN Petroleum Security Agreement (APSA), the launch of the ASEAN Energy Efficiency Database, and the rollout of an investment platform for sustainable building initiatives.

Malaysia, Algeria sign deal to develop mining industry

Malaysia, Algeria sign deal to develop mining industry

The partnership aims to strengthen collaboration in the exploration and exploitation of mineral resources, including gold, copper, and manganese, as well as in the development of steel, aluminum, and renewable energy industries.

People wait for a bus at a bus stop in Bang Phlat district of Bangkok. (Photo: Bangkok Post/Nutthawat Wichieanbut)

Thailand approves EV bus leasing for capital

The Thai cabinet has approved a seven-year EV bus leasing scheme proposed by the Bangkok Mass Transit Authority (BMTA) for the capital, with an estimated cost of 15.35 billion THB (over 470 million USD).

Headquarters of the Lao News Agency. (Photo: VNA)

Laos announces major media organisational reforms

Laos declared the transfer of the press management functions of five key media agencies and associated personnel to the Propaganda and Training Board of the Lao People's Revolutionary Party Central Committee.

Sudarnoto (left) and Arun sign the MoU. (Photo: the borneopost)

Malaysia launches first net-zero research centre

Univers said in a statement that the new centre will serve as a hub for innovation, bringing together digital intelligence and climate ambition to accelerate Sarawak's transition toward a low-carbon, tech-enabled economy.

Ambassadors of ASEAN member states and speakers at the forum. (Photo: VNA)

ASEAN – RoK bolster strategic connectivity

The 2025 ASEAN- the Republic of Korea (RoK) Connectivity Forum that opened in Jakarta on June 17 reaffirmed a shared commitment to shaping a connected, resilient future by advancing the ASEAN Connectivity Strategic Plan.

Energy Asia 2025 opens with call for just and collaborative energy transition (Photo: indiplomacy.com)

Energy Asia 2025 kicks off in Malaysia

Malaysian Prime Minister Anwar Ibrahim noted that the Asia-Pacific region accounted for half of global energy consumption and 60% of greenhouse gas emissions in 2024. Despite this, regional countries, including eight of ten ASEAN member states, remain committed to climate goals, including net-zero emissions and tripling global renewable capacity by 2030.

Halal products gain traction among consumers (Photo: VNA)

Malaysia plans to support Vietnam in developing Halal food centre

VAMAF President Datuk Shaharuddin Omar shared the plan at the association’s 103rd anniversary ceremony, noting support from the Vietnam Veterans Association. The initiative is expected to open new markets for Malaysian Halal products and improve livelihoods for its members.