Thailand moves towards 5th industrial revolution

Thailand's Prime Minister Srettha Thavisin is eyeing foreign investment in cloud computing with a bigger goal than making Thailand a digital hub, according to Prof. Narumon Pinyosinwat, a Thai trade representative.

Friday, March 01, 2024 10:05

Bangkok (VNA) – Thailand's Prime Minister Srettha Thavisin is eyeing foreign investment incloud computing with a bigger goal than making Thailand a digital hub, according to Prof. NarumonPinyosinwat, a Thai trade representative.

Narumon said Srettha was planning todevelop Thailand’s digital ecosystem and infrastructure to get the countryready for the 5th industrial revolution (5IR).

Thailand’s4th industrial revolution has been taking place since 2010, when the countrystarted embracing digital economy technologies such as Internet of Things,robotics, blockchain, and biotechnology.

Aspart of the 4IR, the Thai government at that time upgraded the Information andCommunications Technology Ministry into the Digital Economy and SocietyMinistry, Narumon said.

She stressed that to get the country prepared for 5IR, the Thai government hasbeen trying to attract more foreign investments for developing the ecosystemnecessary for embracing 5IR, including inviting more foreign businesses toinvest in data and data analytics centres in the Southeast Asian country.

She saidthat during 5IR, the personalised economy would take the centre stage, asbusinesses would personalise their services for particular customers and datacentres, and data analytics would be essential for a personalised economy./.

VNA

#foreign investment #Thailand #cloud computing #digital hub #5th industrial revolution #Vietnamplus #Vietnam news #Vietnam News Agency Thailand

See more

Illustrative image (Photo: https://m.efeedlink.com/)

Philippines allows import of poultry, pork from Argentina

14/01/2025 07:02

The Argentinean Ministry of Foreign Affairs, International Trade and Worship has recently announced that the Philippines authorised Argentine exports of poultry meat and pork and the extension to export beef with bone, offal and fats.

Illustrative photo (Photo: kasikornresearch.com)

Thai government urged to improve efficiency of tax collection, public spending

14/01/2025 06:05

The National Economic and Social Development Council (NESDC) has urged the Thai government to improve efficiency of government revenue collection and effectiveness of public spending as the country’s public debt is projected to reach 69.3% of gross domestic product (GDP) in 2029.

Thailand's major retail groups including the Central Group, the Central Pattana, the Mall Group, and the Mall Life Store Ngamwongwan are launching big shopping campaigns from January 16 to February 28 to attract shoppers. (Photo: nationthailand.com)

Thai retail giants unveil ambitious Lunar New Year campaigns

14/01/2025 05:23

Thailand's major retail groups are launching their most ambitious Lunar New Year campaigns, bolstered by the government's latest Easy e-Receipt 2.0 tax incentive scheme.

Foreign Affairs Minister Sugiono, who dons a peci or black cap, at the back, attends the BRICS Plus Summit in Kazan, Russia, on October 24, 2024. (Photo courtesy of Foreign Affairs Ministry)

Indonesia’s BRICS membership aims to cool down geoeconomic rivalry

14/01/2025 04:16

Indonesia is hoping to cool down the global economic rivalry by joining the Russia and China-led BRICS, according to Indonesian Foreign Affairs Minister Sugiono.

Thanks to its geographical advantages, Guangxi and ASEAN have significant potential for economic and trade cooperation. In the photo: A booth of a Vietnamese enterprise at the 21st China-ASEAN Expo (CAEXPO). (Photo: VNA)

China-ASEAN medical procurement platform launched

14/01/2025 03:05

The China-ASEAN Medical Regional Procurement Platform has been recently launched at a ceremony in Fangchenggang city, China’s Guangxi.

4 killed, 5 injured in landslide in Indonesia

13/01/2025 21:42

Four people were killed in Batam city, Riau Islands province of Indonesia, after a landslide struck a housing complex early on January 13.

Jade mine collapse in Myanmar kills at least 12

13/01/2025 21:37

Myanmar police reported on January 13 that at least 12 bodies have been recovered following a jade mine collapse in Kachin State, located in the northern part of the country.

Sugiono at his first-ever annual address as foreign minister. (Photo: VNA)

Economic diplomacy forms important pillar of Indonesia’s foreign policy in 2025

13/01/2025 16:39

Indonesian Foreign Minister Sugiono has positioned economic diplomacy at the forefront of the nation's international engagement strategy.

Thailand to set up negative income tax system

13/01/2025 16:18

A tax reform committee has been set by the Finance Ministry of Thailand to study the implementation of a negative income tax (NIT) system.

As the current Asean chair, Malaysia can propose a roundtable discussion between South-east Asia and the BRICS countries to explore new trade corridors, diversify regional trade, and reduce reliance on traditional partners. (Photo: Bernama)

Malaysia bolster collaboration between ASEAN and BRICS

13/01/2025 15:07

As the current ASEAN Chair, Malaysia can propose a discussion between Southeast Asian and BRICS countries to diversify trade ties and reduce reliance on traditional partners.

At the talks between Japanese Prime Minister Ishiba Shigeru and Indonesian President Prabowo Subianto on January 11 (Photo: Kyodo/VNA)

Japan announces Indonesian projects worth 815 million USD

13/01/2025 14:34

Japanese Prime Minister Ishiba Shigeru announced a set of projects worth a total of 129 billion JPY (815 million USD) in Indonesia during his meeting with President Prabowo Subianto on January 11.

Thailand's Deputy Minister of Commerce Suchart Chomklin (Photo: thainews.prd.go.th)

Thailand expands FTAs to boost global competitiveness

13/01/2025 11:29

Thailand is intensifying efforts to expand its Free Trade Agreements (FTAs) as a core strategy to boost economic growth and enhance its competitiveness in global markets.

The article published by Resumen Latinoamericano (Screenshot photo)

Argentine media praises Vietnam’s economic diplomacy efforts

13/01/2025 10:47

Vietnam continued efforts to connect with global partners, especially those to explore new growth drivers in Latin America, the Middle East-Africa, and G7 industrialised nations via external affairs and diplomatic activities of Party and State leaders, according to local Argentine media.

Japanese Prime Minister Shigeru Ishiba (left) and his Malaysian counterpart Anwar Ibrahim at the joint press conference. (Photo: Kyodo/VNA)

Japan strengthens commitment to Southeast Asia

13/01/2025 03:44

Japanese Prime Minister Shigeru Ishiba on January 10 met with his Malaysian counterpart Anwar Ibrahim during his visit to the Southeast Asian country, pledging to enhance cooperation in addressing urgent regional and international challenges, including tensions in the East Sea, the Middle East, and the ongoing crisis in Myanmar.