Govt eyes high-income economy status 'by 2037' - Bangkok Post

Yodchanan: Sets 5% growth target Thailand aims to become a high-income economy by 2037, with a new five-year science and innovation strategy targeting annual GDP growth of 5%.

Deputy Prime Minister and Higher Education, Science, Research and Innovation Minister Yodchanan Wongsawat announced the goal after chairing a meeting of the National Higher Education, Science, Research and Innovation Policy Council on Oct 26.

The council reviewed three draft plans for 2028-2032 covering higher education, workforce development, and science, research and innovation. They aim to align education and research with industrial needs, develop skilled workers and create new sources of growth to help Thailand escape the middle-income trap.

It also approved the "Thailand²: Nation of Master" initiative, which will develop three high-value sectors: semiconductors, medical and wellness products, and future foods and bio-based products.

The Siam Silica programme aims to bring Thailand into the semiconductor supply chain, focusing on chip design, photonics and advanced packaging. It targets eight Thai and international chip-design start-ups and multinational design centres by 2030.

Siam Medica will promote health and wellness industries, including herbal products, biotechnology, medical devices and precision medicine, while Siam Terra aims to upgrade agriculture through smart farming, high-value food production and biomanufacturing.