Thailand accelerates implementation of national AI strategy
Thailand is accelerating the implementation of its artificial (AI) strategy for 2022-2027 with a view to establishing itself as an AI hub in Southeast Asia by 2027.
The strategy aims to raise the country’s AI Readiness Index from the 59th position in 2021 to the top 50 by 2025, and ensure at least 600,000 Thai people have awareness of AI law and ethics. It is also expected to generate THB48 billion ($1.32 billion) in business and social impacts by 2027.
The strategy aims to raise Thailand's AI Readiness Index from the 59th position in 2021 to the top 50 by 2025. Photo courtesy of the Thai National Electronics and Computer Technology Center.
The national AI strategy and action plan of Thailand feature five main policies: preparing the country’s readiness in social, ethics, law, and regulation for AI application; developing infrastructure for sustainable AI development; increasing human capability and improving AI education; driving AI technology and innovation development; and promoting the use of AI in public and private sectors.
Apart from attracting more foreign technology investment in cloud data centres, the Ministry of Digital Economy and Society also issued the “cloud first” policy to help transform Thailand into a regional AI hub. This policy focuses on promoting the use of a planned single digital ID platform and the creation of a new workforce trained in AI skills.
Thailand is also expanding cooperation with tech giants. For example, its Government inked memoranda of understanding on AI with Microsoft and Huawei in 2023.
In addition, it is also preparing a draft law featuring AI-related regulations
- Related News
- Read More
Thai rice exports to face stiffer competition from India
Thailand’s rice exports are expected to face stiffer competition as India has removed export restrictions and taxes, allowing unlimited rice exports, according to Charoen Laothammatas, president of the Thai Rice Exporters Association.
Southeast Asia - Wed, November 6, 2024 | 10:51 pm GMT+7
Lego completes 90% of $1.3-bln Vietnam factory, to open in 2025
Danish toymaker Lego has completed 90% of its $1.3-billion plant in Vietnam’s southern province of Binh Duong and aims to launch the factory in early 2025.
Companies - Wed, November 6, 2024 | 7:34 pm GMT+7
Tourism growth boosts aviation retail potential in Vietnam: exec
Vietnam’s aviation retail trade potential has risen alongside growth in the number of tourists visiting the country, says Johnathan Hanh Nguyen, chairman of the Inter-Pacific Group (IPPG).
Companies - Wed, November 6, 2024 | 4:45 pm GMT+7
VN-Index up 15 points on hopes for Trump victory
Vietnam’s benchmark gained 15.52 points, or 1.25%, to 1,261.28 on Wednesday, supported by investor expectations of Trump re-election as the 47th President of the US, the world’s largest economy.
Finance - Wed, November 6, 2024 | 4:10 pm GMT+7
Vietnam embraces new wave of investments: HSBC exec
Embracing new investment flows is in the interest of Vietnam and will support the country’s advancement higher up in the value-added ladder across industries and sectors, writes Joon Suk Park, head of international subsidiary banking, wholesale banking, HSBC Vietnam.
Opinion - Wed, November 6, 2024 | 3:44 pm GMT+7
Vietnam posts $23.3 bln trade surplus in Jan-Oct, FDI sector $42.9 bln
Vietnam posted a trade surplus $23.31 billion in the first 10 months of this year, with the foreign direct investment (FDI) sector making a trade surplus of $42.92 billion.
Economy - Wed, November 6, 2024 | 3:25 pm GMT+7
Vietnam listed banks’ bad debt up $2.3 billion in 9 months
The bad debt of listed banks in Vietnam continued to grow during the first nine months of 2024, with some seeing it increase as much as 70% from the end of 2023.
Banking - Wed, November 6, 2024 | 3:14 pm GMT+7
AI tool to help Vietnam curb tax evasion by e-commerce platforms: Deputy PM
An artificial intelligence (AI)-based tool will be used to check revenues and trades on e-commerce platforms operating in Vietnam as part of a broader attempt to prevent tax losses, says Deputy Prime Minister Ho Duc Phoc.
Economy - Wed, November 6, 2024 | 2:12 pm GMT+7
Cambodia announces new initiative to encourage use of local currency
The National Bank of Cambodia (NBC) and the country's Ministry of Commerce have recently announced a major step to promote the use of the local currency by encouraging businesses to register new bank accounts in riel.
Southeast Asia - Wed, November 6, 2024 | 2:02 pm GMT+7
Thailand, Turkey agree to resume FTA negotiations
Thai Deputy Commerce Minister Suchart Chomklin and his Turkish counterpart Mustafa Tuzcu have agreed to resume negotiations on a free trade agreement (FTA) between the two countries.
Southeast Asia - Wed, November 6, 2024 | 2:00 pm GMT+7
Singapore Airlines aims to attract high-spending passengers to longest flights
Singapore Airlines is planning to add a four-seat first class to the Airbus aircraft it uses for its longest routes, a bet to attract high-spending travelers to flights that can top 17 hours.
Southeast Asia - Wed, November 6, 2024 | 1:58 pm GMT+7
Indonesia eyes $120 bln investment for economic development
Indonesia aims to secure an investment of $120 billion by 2025 to promote its national economy, Minister of Investment Rosan Roeslani said on Monday.
Southeast Asia - Wed, November 6, 2024 | 1:56 pm GMT+7
Vietnam’s Jan-Oct industrial production grows 8.3%
Vietnam’s January-October index of industrial production (IIP) grew 8.3% year-on-year, extending the recovery of the sector, backed by a 4% increase from September to October, the General Statistics Office (GSO) said.
Economy - Wed, November 6, 2024 | 1:36 pm GMT+7
AES earns $27 mln pre-tax income from Vietnam coal-fired power plant in Jan-Sept
U.S.-based AES Corporation earned a pre-tax income of $27 million from the Mong Duong II coal-fired power plant in Vietnam’s northern province of Quang Ninh in the first nine months of this year.
Companies - Wed, November 6, 2024 | 12:06 pm GMT+7
Vietnamese businesses able to leverage e-commerce, overcome market challenges: experts
Amidst the rapid expansion of low-cost Chinese e-commerce platforms like Temu, 1688 and Taobao, several Vietnamese businesses have managed to hold their own, showing how e-commerce can be leveraged to achieve success, experts say.
Finance - Wed, November 6, 2024 | 11:09 am GMT+7
Vietnam’s Eximbank seeks to move headquarters to Hanoi after ownership changes
Eximbank, among the leading mid-sized banks in Vietnam, has announced a plan to move its head office from Ho Chi Minh City, the largest economic hub in the south, to Hanoi after recent changes in shareholders.
Banking - Wed, November 6, 2024 | 10:41 am GMT+7
