Bangkok (VNA) - The Thai Ministry of Industry has put forward a five-point strategy to support domestic small- and medium-sized enterprises (SMEs) in adjusting to global industrial trends in the new era that focuses on using clean energy and having high-skilled labour.
Speaking at a seminar named “Smart SME 2024: Empowering The Next Wave” on June 12, Minister Pimphattra Wichaikul stressed the importance of promoting Thai SMEs to be part of the supply chain for target industries, including high-tech manufacturing and electric vehicles.
The ministry will develop the Thai industry to grow in parallel with various countries, encompassing economic, social, and environmental aspects, complying with international regulations, fostering competitiveness, and caring for society and communities to improve people's quality of life.
This goal will be carried out under the five-point plan, which includes developing target industries that are in line with future trends by enhancing productivity for businesses, fostering innovation through advanced research, accelerating the development of entrepreneurial capabilities within the country, and attracting leading global manufacturers to invest in Thailand; developing traditional industries with high potential to align with global trends and other economic sectors; and promoting creative economy by using soft power to boost the country’s competitiveness on the global stage, including arts, culture, and folk wisdom, which are considered crucial Thai assets.
Developing environmentally friendly industries by enforcing laws that limit pollution emissions and improving relevant regulations, and promoting community enterprises by providing support in terms of knowledge, technology, and access to low-interest loans are also part of this plan./.
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