Thailand’s Ministry of Information and Communication Technology (MICT) is partnering with the Federation of Thai Industries to translate government policy on the digital economy into action.
The Permanent Secretary for Information and Communication Technology, Methini Thepmani, said that, in boosting the digital economy in the industrial sector, SME operators would be urged to adopt e-business as a new channel for their business operations.
The Office of the National Economic and Social Development Board (NESDB) has predicted that the Thai economy in 2015 would grow by about 4%.
The strategic framework for digital economy promotion consists of four areas: Digital Commerce, Digital Entrepreneur, Digital Innovation, and Digital Content.
In pushing forward the strategic framework, the Ministry of Information and Communication Technology aims to promote a new generation of entrepreneurs, as well as commercial and industrial innovations.
At the same time, MICT will assist traders and investors in turning to the digital system and creating a new market for the digital content industry.
Meanwhile, Deputy Transport Minister and NESDB Secretary-General Arkhom Termpittayapaisith said that the Thai economy in the fourth quarter of 2014 expanded by 2.3%, accelerating from the previous quarter expansion of 0.6%.
As a result, GDP in 2014 increased by 0.7%. The expansion of GDP in this quarter was the result of an upturn of the non-agricultural sector, whereas the agricultural sector contracted.
As for 2015, Thailand’s GDP is likely to grow by between 3.5% and 4.5%, as exports are expected to increase following the recovery of major global economies. Tourism continues to grow, while the Government is accelerating major investment projects in the public sector.