Bangkok: Phumtham met with world-class CEOs who have invested over 550 billion baht in Thailand. He reaffirmed confidence in investing in Thailand and is moving forward with investments of over 51 billion baht to create a highly skilled workforce to support targeted industries.
According to Thai News Agency, Deputy Prime Minister and Minister of Interior, Acting Prime Minister Phumtham Wechayachai, met with executives from 30 leading global companies at the “Prime Minister Meets Investors: Confidence in Thailand’s Future – Prime Minister’s Dialogue with Global Investors” event. These companies are targeting the country’s industries, including semiconductors and advanced electronics, printed circuit boards (PCBs), electric vehicles and batteries, digital, and the food and biotechnology industries. Over the past two years, these companies have invested over 550 billion baht in the country, creating over 53,000 jobs. The exchange aimed to build investment confidence following the US imposition of a 19% import tariff on Thai goods.
The government aims to build investor confidence to drive the economy forward. This includes collaborating on personnel development to support targeted industries and attract continued investment. To drive economic and social mechanisms forward, the government is promoting cooperation between the private sector and educational institutions to meet the needs of strategic industries. This includes transferring knowledge and providing assistance to farmers to increase productivity and cultivate crops that meet global standards, enhancing the export potential of Thai agricultural products abroad.
Mr. Phumtham also promoted a Memorandum of Understanding (MOU) between the Office of the Vocational Education Commission, the Board of Investment (BOI), and six leading global printed circuit board (PCB) manufacturers, with a combined investment of over 51 billion baht, to develop a vocational education workforce to meet industry needs. This collaboration will immediately create 1,880 jobs, totaling at least 3,000 within five years, and will lead to joint curriculum development between vocational education institutions and the industrial sector.