Leveraging advanced tech key to lifting competitiveness

Thailand should attract more talent and leverage advanced technology to bolster its competitive edge amid global challenges, according to speakers at the “Thailand Focus 2025” forum.

- SUCHIT LEESA-NGUANSUK KOMSAN TORTERMVASANA

The nation needs to improve its global connectivity to gain an advantage in the global supply chain and position itself as a platform where regional trade and digital innovation intersect, said three panellists on competitiveness and investment at the seminar held by the Stock Exchange of Thailand yesterday.

Narit Therdsteerasukdi, secretary-general at the Board of Investment, said Thailand recorded a remarkable surge in investment over the past decade. In 2024, investment applications reached a 10-year high, exceeding 1 trillion baht and a 35% increase from 2023. Foreign direct investment (FDI) rose 25% year-on-year.

He said this trend continued into the first half of 2025, with investment applications totalling more than US$32 billion, up 139% year-on-year.

“These figures reflect global investors’ strong confidence in Thailand,” said Mr Narit.

The top five sources of FDI are: Singapore, China, Hong Kong, Taiwan and Japan.

Amid global uncertainty, he said Thailand offers a resilient, cost-effective environment, supported by world-class infrastructure such as deep-sea ports, international airports, and more than 70 industrial estates nationwide.

“Our digital infrastructure is equally robust, with top-tier data centres,” said Mr Narit.

Thailand also provides strong market access with 17 free trade agreements (FTAs) covering 24 countries. The government is negotiating new FTAs with key partners such as the EU and Canada.

As a member of the Regional Comprehensive Economic Partnership, the world’s largest trading bloc, Thailand is well-positioned within global supply chains, especially for automotive, electronics and chemicals.