WB: Digital and circular economy can earn Thailand 3.4 billion USD annually
The World Bank has said digital and disruptive technologies, along with the development of a circular economy, can earn Thailand up to 3.4 billion USD each year in additional investments, savings and revenue.
Bangkok (NNT/VNA) - TheWorld Bank has said digital and disruptive technologies, along with thedevelopment of a circular economy, can earn Thailand up to 3.4 billion USD eachyear in additional investments, savings and revenue.
The financial institution said in a statement that Thailand, a 544 billion USD economybefore the pandemic hit, needs an innovation-led growth model. It added thatthe Kingdom needs to address existing foreign investment constraints in orderto create better jobs and become a high-income nation.
The bank said adopting a circular economy, which involves producing, leasing,repairing, upgrading and recycling as much as possible, could generate as muchas 1.6 billion USD of cost savings and additional revenue for the privatesector, especially for agriculture, construction and electronics.
It added that an additional 1.8 billion USD a year could meanwhile be generatedfrom accelerating use of digital technology, mostly from new investments andexpansion of sectors where Thailand is well-positioned, such as e-commerce andfintech.
Finance Minister Arkhom Termpittayapaisith said, "With COVID-19, digitaland disruptive technologies have been key in keeping businesses afloat."
The tourism- and consumption-led economy, Southeast Asia’s second biggest afterIndonesia, grew 1.6 percent in 2021, with the government predicting growth of3.5-4.5 percent this year.
The World Bank added that strengthening structuralreforms will boost businesses and promote investments in digital innovation andcircular technology./.
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The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
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The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
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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.
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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.
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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.
Illustrative image (Photo: //thainews.prd.go.th/) 
