cellcard cellcard

Thailand’s People State Model

Sum Manet / Khmer Times Share:

The Thai government seeks to expand public-private projects regionally under the “Pracha Rat” or people’s state model, particularly with Cambodia, Laos, Myanmar and Vietnam, according to a report in the Bangkok Post daily last week.
Thailand’s Deputy Commerce Minister Suvit Maesincee told the Bangkok Post on Thursday that the model would bring about a collaborative network among partners in the region, which will play a key role in upgrading the country’s economy to a higher level.
“The Pracha Rat projects aim to bring together the state, public and private sectors for the long-term sustainable development of the country. The initiative aims to strengthen the economy at the grassroots level and empower local communities,” said Mr. Suvit.
He said after the peaceful referendum for the draft charter, the government is now revving up the 20-year national strategic plan and drafting guidelines for long-term development to be based on Thailand 4.0.
“Under this initiative, the government has set an ambitious goal to promote investment in 10 targeted industries, especially those focusing on innovation and high technology.”
According to Mr. Suvit, the 10 targeted industries comprise automotive and auto parts, including electric vehicles; smart electronics; affluent, medical and wellness tourism; agriculture and biotechnology; food; robotics for industry; logistics and aviation; biofuels and biochemicals; digital; and medical services.
Mr. Suvit said the government had also set an ambitious plan to raise domestic spending on research and development in which Thailand would partner with leading global research institutes to bolster innovation.
According to figures from the Thai embassy in Phnom Penh, bilateral trade volume between Cambodia and Thailand was valued $1.4 billion in the first four months this year, a 20 percent decrease compared to the same period last year.

Previous Article

City Gets Ready for Cambuild’16

Next Article

There Is Still Life after the Bay