Public and private sectors join forces to advance 'Reinvent Thailand' plan, aiming for 3% economic growth
Ekniti Nitithanprapas, Permanent Secretary of the Ministry of Finance, has collaborated with the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) to implement the 'Reinvent Thailand' project. The primary goal is to restructure the country's economy to be more modern and resilient in order to address the challenges of the current era.
The core of this project is to enhance Thailand's competitiveness through the integration of technology and innovation into the business sector, as well as by streamlining regulations that hinder investment, making it easier for both domestic and international investors to conduct business in Thailand.
Furthermore, the public and private sectors are focused on upskilling the Thai workforce to align with future labor market demands, particularly in target industries such as green industry and the digital economy, which are considered key mechanisms for generating new revenue streams for the country.
Based on the implementation of this plan, both parties are confident that they can stimulate the Thai economy to grow by no less than 3 percent per year, which will have a positive long-term impact on employment and the quality of life for the public.
In summary, this collaboration marks a significant step in driving the Thai economy beyond the middle-income trap, emphasizing close cooperation between the government and the private sector to build sustainable economic security for Thailand moving forward.