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Thailand's competitive ranking improves

Thailand's global competitive rank this year has risen to 38 from 40 last year, according to the Global Competitiveness Index 4.0 by the World Economic Forum (WEF).
Thailand's competitive ranking improves ảnh 1Thailand's global competitive rank this year has risen to 38 from 40 last year (Photo: pattayamail.com)

Bangkok (NNT/VNA) - Thailand's global competitive rank this yearhas risen to 38 from 40 last year, according to the Global CompetitivenessIndex 4.0 by the World Economic Forum (WEF). 

The index compares the competitiveness of 140 countries. This year, the WEFgives the US first ranking for the first time in 10 years and Thailand 38thranking with a score of 67.5. Thailand's ranking has increased from 40th lastyear. 

Thailand receives better scores in almost all components of this 12-pillarindex, particularly in financial market development for which the countryreceives a score of 84.19. However, the report suggests Thailand continue toimprove its research and development, internal competitiveness and politics. 

In ASEAN, Thailand ranks third after Singapore and Malaysia. 

According to the WEF, the Thai government's infrastructure investment will leadto better use of technology and innovation. Furthermore, clarity of the generalelection will help improve the country's ranking next year. –NNT/VNA
VNA
#Thailand's global competitive rank#Global Competitiveness Index 4.0#World Economic Forum#Thailand's infrastructure investment#Vietnamplus#Vietnam News Agency
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