World

Thailand to adjust 20-year national strategy

The National Economic and Social Development Council (NESDC) of Thailand has been ordered to revise the 20-year national strategy (2018-2037) and the 12th national economic and social development plan (2017-2021) to catch up with changing social and economic trends caused by the global economic slowdown and the COVID-19 pandemic.
Thailand to adjust 20-year national strategy ảnh 1Transforming U-tapao airport into an aviation hub is among the projects supported under the 20-year national strategy plan (Source:Bangkokpost.com)

Bangkok (VNA) – The National Economic and Social Development Council(NESDC) of Thailand has been ordered to revise the 20-year national strategy(2018-2037) and the 12th national economic and social development plan (2017-2021)to catch up with changing social and economic trends caused by the globaleconomic slowdown and the COVID-19 pandemic.

At the latestmeeting of the National Strategy Committee, Prime Minister PrayutChan-o-cha requested the NESDC to revise the master plan for the first fiveyears (2019-2023) under the 20-year national development strategy.

The nationalstrategy, which came into force on October 13, 2018, has 23 master plans. Underthose plans, there are 15 urgent flagship projects that must be implementedduring 2019-23.

The first five years(2019-23) of development are based on requirements set under the nationalstrategic plan. Gross national income per capita is targeted to increase by anaverage of 70,000 (2,100 USD) baht a year to reach 360,000 baht (10,100 USD) in2023, up from 290,000 baht in 2019.

Growth in agriculture,industry and services is targeted at 3.8 percent, 4.6 percent and 5.4 percent,respectively, in the 12th national plan.

NESDC Secretary-GeneralThosaporn Sirisamphand said the council is scheduled to propose a revised plan bySeptember.

Danucha Pichayanan,NESDC deputy secretary-general, said the 20-year strategic plan already tookinto account the possible impact of new diseases such as Severe AcuteRespiratory Syndrome (SARS) and Middle East Respiratory Syndrome (MERS).

However, the impactof the COVID-19 is deeper and projected to last a long time, causing problemsmuch more complicated than those of SARS and MERS, he stated.

COVID-19 also struckwhile the global economy was already slowing down. Therefore, rehabilitatingthe economy may take a while, and some business sectors may encounter moredifficulty resuming their previous healthy growth, especially automotive,aviation and tourism, he added./.
VNA
#COVID-19 #National Economic and Social Development Council #NESDC #Thailand #20-year national strategy #economic slowdown #Vietnam #Vietnamplus #Vietnam News Agency Thailand
Follow VietnamPlus

Related News

Thailand’s arms purchase plans get the chop

Thailand’s arms purchase plans get the chop

Thailand’s Prime Minister Prayut Chan-o-cha, who also serves as Defence Minister, has ordered the suspension of a plan by the armed forces to procure arms, including the Royal Thai Navy's plan to buy two submarines, according to a government source.

See more

A street in Jakarta, Indonesia. (Photo: Xinhua/VNA)

Indonesia acts to curb air pollution in Jakarta

According to the State of Global Air 2023 report, Indonesia ranks among the world's top 10 countries with the highest exposure to PM2.5 particles, with annual averages exceeding 30 micrograms per cu.m while the World Health Organidation recommends a threshold of 5 micrograms per cu.m.

Delegates offer incense at the commemoration. (Photo: VNA)

Cambodia commemorates victims of Pol Pot genocide

The National Day of Remembrance has played an important role in promoting national reconciliation and unity within Cambodian society. It helps raise awareness about the atrocities committed under Democratic Kampuchea and contributes to efforts to prevent the recurrence of such brutal and inhumane acts.

Street food restaurants on Banthat Thong Road in Bangkok. (Photo: bangkokpost.com)

Thailand offers new incentives to support SMEs

One key measure to support Thai entrepreneurs is an increase in the corporate income tax (CIT) benefits granted to BOI-promoted SMEs, which will now receive a five-year CIT exemption equal to as much as 100% of their investment in enhancing their capabilities and improvements, up from the previous three-year CIT exemption capped at 50% of investment.

Participants pose for a group photo at the special film screening commemorating the 135th birth anniversary of President Ho Chi Minh on May 19 in Greece. (Photo: VNA)

Film screening in Greece honours President Ho Chi Minh

Together with the recent release of a Greek-language biography of President Ho Chi Minh, the film screening honours the genius leader of Vietnam’s revolution, a national liberation hero, a world cultural icon, and a close friend of all peoples who have fought for peace, national independence, democracy, and social progress across the globe.