Prime Minister Prayut Chan-o-cha speaks on BCG economy in Nonthaburi last July. (Photo by Pattarapong Chatpattarasill)
Thailand has to invest 820 billion baht over the next five years if the country is to follow the principle of the bio-circular green (BCG) economy to rev up eco-friendly businesses and innovations, says Krungthai Compass.
Investment in BCG-related projects is estimated to increase Thailand’s tepid investment ratio compared to GDP. In 2018, Thailand’s investment rate was registered at 25.2% of GDP, a considerable plunge from 42.5% in the mid-1990s.
Thailand’s investment ratio to GDP of 25.2% is higher compared to Malaysia’s 23.9%, but lower than Vietnam’s 26.3% and…
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