“Ignite Thailand” vision unveiled to boost investment
Thailand recorded its highest level of investment promotion applications in a decade, with total requests reaching 1.13 trillion THB (33.6 billion USD) in 2024.
Thai Prime Minister Paetongtarn Shinawatra (Source: thailand.prd.go.th)
Bangkok (NNT/VNA) – Prime Minister Paetongtarn Shinawatra has outlined Thailand’s economic vision under the theme "Ignite Thailand: Invest in Endless Opportunity", reaffirming the country’s commitment to attracting investment despite global economic uncertainty.
The premier highlighted plans to strengthen investor confidence by ensuring policy continuity, supporting long-term economic growth, and creating an environment conducive to new investments.
The Thai Government has identified key sectors for development, including infrastructure, advanced technology, and human capital. Major projects such as high-speed rail, dual-track railway expansion, and the Land Bridge Project are expected to enhance Thailand’s logistics network. Investments in digital industries, electric vehicle production, and semiconductor manufacturing will position the country as a hub for emerging technologies, while workforce development efforts will equip Thai workers with skills for future industries.
Thailand recorded its highest level of investment promotion applications in a decade, with total requests reaching 1.13 trillion THB (33.6 billion USD) in 2024. The PM attributed this to long-term economic planning and proactive investment strategies, which have reinforced the country’s role as a preferred manufacturing and business destination.
Paetongtarn called for greater collaboration between the Government, private sector, and citizens to create a thriving economic environment. She revealed that the Government is now working to strengthen Thailand’s position as a strategic link between global investors and major economies, ensuring sustained growth and c🐼ompetitiveness./.
Thailand's exports to the EU totaled 24.2 billion USD, including computers, jewelry, air conditioners, rubber products, and automobiles, while imports from the EU amounted to 19.3 billion USD, mainly comprising machinery, pharmaceuticals, aircraft, chemicals, and electrical equipment.
Thai authorities have intensified efforts to combat illegal goods and foreign owned proxy enterprises registered under Thai nationals’ names to protect consumers, ensure fair competition, and curb economic losses, estimated at over 16 billion THB ( 470.5 million USD).
Minister of Natural Resources and Environment Chalermchai Sri-on said on March 14 that he has visited many national parks in the past several months and discovered that their officials not only have to protect the forests and wildlife from poachers, but also have to provide services to visiting tourists, such as room rentals and food services.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Member states also reviewed progress on six priority areas for 2025, including the development of an underground cable framework, the follow-up agreement to the ASEAN Petroleum Security Agreement (APSA), the launch of the ASEAN Energy Efficiency Database, and the rollout of an investment platform for sustainable building initiatives.
In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
