A view of Bangkok capital city of Thailand (Photo: AFP)Bangkok (VNA) –The Government of Thailand looks to restructure the economy next year toattract foreign investors to new industries and establish a central e-commerceplatform to boost online sales nationwide, local media reported.
Speaking at the 38th annual meeting of the ThaiChamber of Commerce on November 27, Deputy Prime Minister SupattanapongPunmeechaow said 2021 will be a transitional year for Thailand to take seriousaction in restructuring its economy.
Though the Thai economy is expected to recoverto growth of 3-4 percent in 2021 from contraction this year, it will still relyon domestic consumption, he said, noting that reforms are essential to facilitateeconomic recovery.
He said a restructuring plan is expected by thefirst quarter of 2021, focusing on building up the local economy and attractingforeign direct investment, notably in new industries related to medicalservices, food, the circular economy, biofuel or clean energy, smartelectronics and electric vehicles.
To lure foreign investment and foreign workers,the Thai Government is considering amending and improving various conditions,such as tax benefits offered to foreigners working in the state's flagshipEastern Economic Corridor, said Supattanapong.
The Deputy PM added that over the next threemonths, the Government wants to develop a new e-commerce platform through apartnership with Krungthai Bank, allowing operators to sell their products.
The new platform would function like Lazada andShopee, but products would be niche and unique, with members of the Thaichamber nationwide encouraged to sell through this new platform, according tothe official./.
VNA
