Thailand outlines economic roadmap, highlighting reforms, investment strategy

BANGKOK, June 10 (Xinhua) -- Thai Deputy Prime Minister and Finance Minister Pichai Chunhavajira outlined an economic policy roadmap on Monday, aiming to rebalance the country's growth drivers and attract high-quality investments in target industries.

Speaking at the annual ambassadors and consuls-general conference, Pichai identified exports and private consumption as the two main pillars of Thailand's economy, emphasizing the need to diversify and rebalance this structure through targeted reforms and strategic investments.

The government is committed to accelerating infrastructure development across transportation, education, healthcare, and energy sectors while promoting investment in high-potential sectors, particularly electric vehicles, electronics, biotechnology, and data-driven industries, Pichai said.

Thailand is also working on modernizing trade regulations and streamlining business processes to attract foreign direct investment, ensuring efficient budget allocation to stimulate both public and private sector investments, he said.

The deputy prime minister stressed the importance of inclusive growth, where increased employment opportunities, higher incomes, and domestic consumption are expected to be key drivers of the Thai economy in the long run.

The meeting aimed to align the Southeast Asian country's foreign policy with economic transformation goals, strengthening its economic resilience and competitiveness through active global engagement and strategic partnerships.■