Thai Deputy Prime Minister and Finance Minister Pichai Chunhavajira launched an economic policy blueprint, aiming to rebalance Thailand’s development drivers and encourage high-quality investments in important industries. Addressing the annual meeting of ambassadors and consuls-general, Pichai emphasised Thailand’s two primary economic pillars: exports and private consumption. He emphasised the critical need to diversify the structure through targeted changes and strategic investment initiatives.
The government is committed to increasing infrastructure development, which includes upgrades to transport networks, educational systems, healthcare facilities, and energy projects. These activities aim to create an atmosphere conducive to long-term growth. Pichai emphasised the necessity of investing in high-growth industries, specifically electric vehicles, electronics, biotechnology, and data-driven sectors.
Furthermore, the government is focusing on modernising trade regulations and streamlining corporate processes to increase Thailand’s appeal to foreign direct investors. Pichai stated that efficient budget allocation is crucial for boosting both public and private sector investment.
He emphasised that inclusive growth, defined by increased employment opportunities and higher salaries, will be critical in strengthening domestic consumption and the long-term viability of the Thai economy.
The conference also aimed to connect Thailand’s foreign policy with its economic reform objectives.
