Thailand’s youngest-ever Prime Minister Paetongtarn Shinawatra outlined her administration’s plans to bolster economic growth and foreign investment. Particularly, as a second Trump term creates more uncertainty for export-driven countries like Thailand.
The Thai PM emphasised the country’s goal to establish itself as critical to the AI supply chain by attracting investments in data centres and semiconductor production.
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Some major projects this past year include Microsoft’s $1.7b data centre and Dubai DAMAC group’s $1b data centre. NVIDIA also plans to unveil their investment plans for the country in December.
“If politics is very stable, everything is going to be more stable,” the Thai PM said. “People are going to trust more that Thailand isn’t going to change too much. They’ll have more confidence to invest.”
After a decade of military rule, the new civilian government led to a surge of investment commitments from private investments reflecting the centrality of political stability in attracting FDI. Particularly, as global uncertainty rises and companies seeks to strengthen their supply chains against disruptions.
National statistics say the value of investment proposals increased by 42% in the first three quarters of 2024.
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By GlobalDataA second Trump term may threaten these advances. Thanavath Phonvichai, the University of the Thai Chamber of Commerce’s president, said if high import tariffs into the US are implemented it could take off 90 basis points for the 3% GDP growth projected for 2025.
The PM assured the business audience that the government was ready to change policies in the export sector if it is affected by the US President-elect’s proposed tariffs.
Speaking at the Prachachat Thailand 2025: Opportunity—Hope –Reality event, the PM also said her government is targeting the food and healthcare sectors to attract investments.
