PM: Foreigners see bright future of Thai econ
Sarun Saelee

BANGKOK, 26 September 2010 (NNT) – Foreign countries are interested in the current economic condition of Thailand due to its continuous expansion, according to Prime Minister Abhisit Vejjajiva.

Speaking in his weekly TV program “Confidence in Thailand with Prime Minister Abhisit”, the Prime Minister said the US-ASEAN Business Council (USABC) was impressive with Thailand’s outstanding Gross Domestic Product (GDP) figure of nearly 8% this year.

Thailand’s unemployment rate currently stands at 1% while public debts are in the range of 42-43%. Exports have expanded by 30% while the Stock Exchange of Thailand (SET) index ascends by 30% in terms of Thai baht and 35% in the US dollar.

The Prime Minister attributed the current economic expansion to the Government’s successful planning in 2009 which had led the export sector and the stock market to grow dramatically. He expected that the Thai economy would be growing up continuously under the 2012 Strong Thailand Scheme of the Government.

Nevertheless, Prime Minister Abhisit expressed his concerns over the ongoing controversies at the Map Ta Phut industrial estate in Rayong as well as the stuck 3G license auction, which might impede the economic expansion.

Regarding the domestic politics, the Prime Minister admitted that the situation posed an obstacle as the Government’s reconciliation plan was still under way. However, he believed that investors would have correct understanding that political conflicts were not economic problems.