The Thai cabinet has approved an action plan to drive Bio-Circular-Green Economy (BCG) Model for 2022-2027 period with a budget of nearly 41 billion baht (about 1.25 billion USD).
Bangkok (VNA) – The Thai cabinet has approved an action plan to drive Bio-Circular-Green Economy (BCG) Model for 2022-2027 period with a budget of nearly 41 billion baht (about 1.25 billion USD).
The action plan is based on the ambition to implement sustainable economic growth and generate more income, using technology and innovation to upgrade the quality of life for Thais and rehabilitate natural resources and biodiversity, local media quoted Government spokesman Thanakorn Wangboonkongchana as saying.
The plan comprises four strategies, with the first one aimed at developing sustainability of resources, biodiversity and cultural diversity with a budget of 2.29 billion baht. Significant projects include the Thailand biodiversity genome project and natural resource rehabilitation.
The second strategy is to use technology and innovation to strengthen the grassroots and creative economies with a total investment of 1.82 billion baht.
The third strategy is to strengthen the competitiveness of BCG by focusing on five sectors: farm and food; wellness and medical; energy and bioproducts; tourism; and the creative and circular economy, with a budget of 33.3 billion baht. The government aims to raise the revenue of the five sectors by at least 1 trillion baht and upgrade the contribution of the service sector to GDP to at least 20 percent.
The fourth strategy is to strengthen human resources to respond to global changes, operating with a budget of 3.2 billion baht.
The BCG plan is expected to be directed by a management committee chaired by the prime minister. The action plan was approved by the committee on February 7. It covers four sectors namely farm and food, healthcare and medical services, energy and biochemicals, and tourism and the creative economy.
The Thai government placed BCG on the national agenda to speed up development because the sectors can increase the value of farm products and BCG is part of a global development trend.
The administration vows to develop the bio-economy, as more than 30 mi⛦llion people work in the farm sector, yet most remain in poverty. The development plan calls for the government to increase the value of farm products and generate more income for the farm sector./.
The Thailand Board of Investment (BOI) has announced that the combined value of foreign and local applications for investment promotion in 2021 totaled 642.7 billion baht (19.5 billion USD), up 59 percent annually, boosted mainly by FDI in Bio-Circular-Green (BCG) industries as well as the continued buildup of the power generation sector.
Thailand planned to negotiate bilateral travel agreements with neighbours China and Malaysia this month as part of its efforts to promote tourism recovery in the coming time, according to Thai Government spokesman Thanakorn Wangboonkongchana.
The first Bio-Circular-Green (BCG) Economy committee meeting of the year has resolved to push the BCG agenda as a means of raising income for the people, while also preserving Thailand’s biodiversity and environment.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Illustrative image. (Photo: bangkokpost.com) 
