Thailand steps up investment in Eastern Economic Corridor

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

Bangkok (VNA) – Thai authorities are aiming to boost their gross domestic product (GDP) by promoting a plan to generate a 2.2 trillion THB (64.9 billion USD) investment into five targeted industries within the Eastern Economic Corridor (EEC) by 2026.

Chula Sukmanop, Secretary-General of the EEC Office, said according to the plan that started last year, Thai residents and foreigners will be encouraged to invest in health care, digital, electronics, automobile sectors and industries under the bio-circular-green (BCG) economic model.

With the above-mentioned targeted sectors, the EEC will help Thailand's economy grow by 5% annually, equivalent to 400 billion THB per year.
The EEC, which comprises areas in Chon Buri, Rayong, and Chachoengsao provinces, will become Thailand's hi-tech industry hub.

The official said the Thai Government is currently in discussions with real estate developers to design industrial parks that will create favourable conditions for new projects. At the same time, transport and logistics infrastructure development will continue to help investors in the EEC save operating costs.

The Government wants to equip workers with improved skills and technological know-how to reassure investors that talented labour is always available here to help them run their businesses, he said./.