The Federation of Thai Industries hosted a gala dinner to promote business discussions and boost economic confidence. The government aims to transform Thailand into a technology-driven economy and establish it as a medical hub.

Federation of Thai Industries Hosts 2023 Gala Dinner

The Federation of Thai Industries (FTI) recently hosted the Foreign Industrial Club (FIC) 2023 Gala Dinner, bringing together Thai and foreign entrepreneurs. With the theme ‘Reforming Thailand,’ the event provided a platform for business discussions and aimed to boost economic confidence. Prime Minister and Minister of Finance Srettha Thavisin inaugurated the dinner, highlighting Thailand’s challenges, including a stagnant economy, the pandemic, technological advancements, and climate change. To address these issues, the government aims to transform Thailand into a technology-driven economy, upgrade agriculture, expand the EV industry, develop sustainable tourism, and establish high-standard medical facilities.

Enhancing Industrial Competitiveness

The Federation of Thai Industries is committed to enhancing the competitiveness of the industrial sector. Through the establishment of the Foreign Industrial Club (FIC), they hope to promote trade and investment between the private and government sectors, diplomatic missions, and foreign investors. This initiative aims to explore new targets and foster connections between Thai and foreign entities. Vice Chairman of the FTI, Mr. Vichaow Rakphongphairoj, highlighted the collaboration between foreign investors and local businesses, which has strengthened the supply chain, elevating Thailand’s industrial capabilities and positioning it as a regional economic powerhouse.

Driving Economic Transformation

Thailand’s “polycrisis” necessitates economic boost and reforms for greater competitiveness and sustainability. The government’s strategy includes transitioning to a technology and innovation-driven economy, upgrading agriculture, expanding the EV industry, promoting sustainable tourism, and establishing high-standard medical facilities.

Source : National News Bureau of Thailand

Source : “Reforming Thailand” : International and Thai Leaders gather with FTI

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