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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

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