Mr Ekniti says Thailand can reach the top 20 in competitiveness rankings.
The government wants Thailand to break into the top 20 in a global competitiveness ranking over the next four years, rising from 26th.Finance Minister Ekniti Nitithanprapas said the administration also seeks to raise the country's potential economic growth rate from the 2.7% estimated by the Bank of Thailand to more than 3%.
Speaking at a Stock Exchange of Thailand (SET) seminar On Tuesday, Mr Ekniti said the Board of Investment's (BoI) investment strategy is no longer focused primarily on the number or value of investment projects, but rather on the quality of investment, including technology transfers.
He noted Chinese electric vehicle (EV) manufacturers chose Thailand as their first location outside China to produce right-hand-drive EVs, while utilising the nation's domestic supply chain.
Regarding clean energy, which plays a key role in attracting data centre investments, Mr Ekniti said the National Energy Policy Council approved measures last week to unlock direct power purchase agreements, allowing industrial users to buy electricity directly from power producers.
