BANGKOK, Thailand – The government has outlined its economic policy direction to the country’s global diplomatic corps, with a renewed push for structural reform and investment-led growth. Speaking at the Annual Ambassadors and Consuls-General Conference in Bangkok on June 9, Deputy Prime Minister and Finance Minister Pichai Chunhavajira briefed envoys on national priorities aimed at fostering stronger international economic engagement.
The current structure of Thailand’s GDP remains heavily reliant on exports and private consumption. To shift this balance, the government plans to accelerate investment in infrastructure and expand innovation-driven sectors, such as electric vehicles, electronics, biotechnology, and data services. Legal and regulatory reforms are also underway to improve the ease of doing business and attract higher levels of foreign direct investment.
Efforts are being made to support inclusive growth through job creation, rising wages, and expanded domestic demand. The approach is intended to generate a more balanced and resilient economy, while maintaining fiscal discipline and supporting long-term development goals.
Ambassadors and consuls-general were assigned specific economic missions following the briefing, including attracting quality investments, expanding trade access, and building international partnerships to improve education and workforce skills.
The government says it intends to align diplomatic work with economic policy to help strengthen Thailand’s global competitiveness and support sustainable growth across sectors. (NNT)
