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Thailand steps up investment in Eastern Economic Corridor

Thai authorities are aiming to boost their gross domestic product (GDP) by promoting a plan to generate a 2.2 trillion THB (64.9 billion USD) investment into five targeted industries within the Eastern Economic Corridor (EEC) by 2026.
Thailand steps up investment in Eastern Economic Corridor ảnh 1An overview of the EEC (Photo: Thai Foreign Ministry)

Bangkok (VNA) – Thai authorities are aiming to boosttheir gross domestic product (GDP) by promoting a plan to generate a 2.2trillion THB (64.9 billion USD) investment into five targeted industrieswithin the Eastern Economic Corridor (EEC) by 2026.

ChulaSukmanop, Secretary-General of the EEC Office, said according to the plan that started last year, Thai residents and foreigners will be encouraged to investin health care, digital, electronics, automobile sectors and industries underthe bio-circular-green (BCG) economic model.

Withthe above-mentioned targeted sectors, the EEC will help Thailand's economy growby 5% annually, equivalent to 400 billion THB per year.
TheEEC, which comprises areas in Chon Buri, Rayong, and Chachoengsao provinces, willbecome Thailand's hi-tech industry hub.

Theofficial said the Thai Government is currently in discussions with real estatedevelopers to design industrial parks that will create favourable conditions fornew projects. At the same time, transportand logistics infrastructure development will continue to help investors in theEEC save operating costs.

TheGovernment wants to equip workers with improved skills and technologicalknow-how to reassure investors that talented labour is always available here tohelp them run their businesses, he said./. 

VNA
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