Thailand, officially known as the Kingdom of Thailand, is located in Southeast Asia. It shares borders with Laos, Cambodia, Malaysia, and Myanmar. The country has a land area of 513,120 sq km and a population of approximately 66.6 million people. The majority of the population resides in the northeastern region, with Buddhism being the predominant religion.
Thailand has a diverse economy with key sectors including agriculture, manufacturing, tourism, services, and natural resources. The country’s GDP in 2019 was 16,879 billion baht, with important exports such as rubber, rice, livestock, and industrial products. Thailand is also known for its automotive industry and tourism sector, which contributes significantly to the national GDP.
Singapore and Thailand have a strong bilateral relationship focused on enhancing economic cooperation. The two countries collaborate on various sectors, including infrastructure development and manufacturing. Thailand’s Infrastructure Development Plan aims to improve transport links within the country and with neighboring nations.
Thailand 4.0 is an economic model that seeks to address economic challenges and propel the country towards innovation and technology-driven growth. The objectives of Thailand 4.0 include creating a value-based economy, fostering social well-being, raising human values, and promoting environmental protection.
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