Thailand aims to raise investment to 30% of gross domestic product by 2030 through a seven-sector plan intended to support faster, more broadly shared growth, the Bangkok Post reported.
Finance Minister Ekniti Nitithanprapas said the plan seeks GDP growth above 3% by 2030 and a place among the world’s 20 most competitive economies, up from 26th. It also sets a goal of 5.4 trillion baht in additional revenue by 2030. The investment share is currently 23%, Ekniti said.
Board of Investment Secretary-General Narit Therdsteerasukdi said agriculture and food processing targets 860 billion baht in additional revenue, while automotive targets 640 billion baht. Smart electronics and tourism each have a 500 billion baht goal; health and wellness targets 1.1 trillion baht, and the creative economy aims for 970 billion baht. Retail and trading projects 800 billion baht in cumulative additional revenue through 2030, using annual sales growth of 200 billion baht as its benchmark.
The sector plans combine production goals with measures to build local supply and services. Automotive production is targeted at 1.95 million vehicles in 2030 and 2.5 million in 2038, alongside support for multiple vehicle technologies and greater use of locally made parts. The electronics plan aims for operators to obtain at least 50% of components from domestic suppliers, drawing on demand from AI and data centers.
Health and wellness plans include expanding medical services in international markets and developing Thai herbal products. The sector’s minimum annual revenue target from foreign patients is 100 billion baht. Tourism proposals include a data platform and coordinated overseas communications to promote Thailand as a place to live. Retail plans would apply Thai Industrial Standards to imported and locally made products. The creative economy’s priorities include jewelry, content, intellectual property, raw gemstones and promoting Thai brands abroad.
Ekniti cited international demand for secure investment destinations as an opportunity for Thailand. He said the initiative is intended to broaden growth through workforce skills development and better access for smaller businesses to emerging-industry supply networks.
The seven sectors are due to submit three Quick Big Win proposals apiece at a government and private-sector meeting led by the prime minister on Dec. 2.
