Thailand Targets Top 20 Global Competitiveness Within 4 Years
Thailand's Board of Investment is overhauling its strategy to attract high-value projects, aiming to reach the world's top 20 most competitive nations within four years and achieve 3% economic growth.
Thailand's Board of Investment is undertaking a major strategic overhaul of its investment promotion policy, with Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas presiding over a review meeting in Chonburi province. The board will focus on reshaping its role to drive real investment, emphasizing projects that create added value and distribute benefits to Thai citizens and the economy. Priorities include developing industrial ecosystems, upgrading infrastructure and workforce quality, accelerating service delivery, and integrating digital technology and AI into investment promotion processes.
The government has set three key priorities for attracting investment in the modern era: determining what value the country should create, identifying target industries where Thailand should focus, and developing effective mechanisms to deliver investor facilitation. Beyond traditional metrics like investment volume and job creation, the board will also measure success through domestic value-added, technology and research development, skilled workforce creation, and the integration of Thai small and medium enterprises into supply chains. BOI Secretary-General Narat Thadsadisak emphasized that the board will serve as a central tool for achieving the government's ambitious targets: economic growth exceeding 3 percent and entry into the world's top 20 competitive nations within four years, paving the way toward high-income status within 12 years.
