A corner of Thailand’s Bangkok capital city (Source: AFP/VNA) Bangkok (VNA) – The Government of Thailand will spend 37 billion baht (1.2 billion USD) financing its ambitious scientific research and innovation development scheme in the next eight years to increase the country’s competitiveness and better brace it for an ageing population and degraded environment. The scheme, which will start next year, has received a green light from the cabinet which agreed to give it money from the 2020 budget, Deputy Government Spokeswoman Ratchada Thanadirek said. Thailand has many projects and clear indicators to assess their outcomes, she said, adding that they are aimed at dealing with economic and social challenges with modern research and development. Ratchada said one major task is to boost the country’s ranking in global competitiveness, scored by the International Institute for Management Development (IMD). Thailand was ranked 30th in the 2018 IMD report, a drop from the 27th place in 2017. Under the 12th national economic and social development plan (2018-2022), the country must secure a ranking of 25th. The Thai Government also plans to increase the productivity of at least 5,000 small and medium enterprises with artificial technology and ensure 1,000 new local startups must… Read full this story
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