Overview of Thailand: The Kingdom of Opportunity 2021
By: Evgeniy Zhukovets
Tags: Investment, Investment Opportunities, Thailand

The central topic of the online meeting is “Thailand: The Kingdom of Opportunity”, which was covered in detail by Evgeny Zhukovets, founder and CEO at the international technology company Trizeri, as well as head of foreign economic activity (FEA) in Thailand and business Education of the Worldwide Business Alliance.

Amazing Thailand

Thailand is a wondrous kingdom, featuring Buddhist temples, exotic wildlife, and spectacular islands. Along with a fascinating history and a unique culture that includes delectable Thai food and massage, Thailand features a modern capital city and friendly people who epitomize Thailand’s “land of smiles” reputation.

The Prime Gateway to Asia

Asia includes 48 countries that account for 60% of the world’s population (2020).

Located in the center of Asia where more than half of the global population reside, Thailand is known as the key geographical gateway to one of the most prosperous regions in the world. Not only has the number of residents been rising, but the growth in Asia also continues to outpace that of others, making the continent an emerging economic powerhouse of the era.

The Association of Southeast Asian Nations, or ASEAN, was established on 8 August 1967 in Bangkok, Thailand, with the signing of the ASEAN Declaration (Bangkok Declaration) by the Founding Fathers of ASEAN, namely Indonesia, Malaysia, Philippines, Singapore, and Thailand.

Brunei Darussalam then joined on 7 January 1984, Viet Nam on 28 July 1995, Lao PDR and Myanmar on 23 July 1997, and Cambodia on 30 April 1999, making up what is today the ten Member States of ASEAN.

Its aims include accelerating economic growth, social progress, sociocultural evolution among its members, protection of regional peace and stability, and opportunities for member countries to discuss differences peacefully.

The Kingdom in Brief

The Provinces of Thailand are part of the government of Thailand that is divided into 76 provinces proper and one special administrative area, representing the capital Bangkok.

The total population of Thailand is 66.19 million people (2020)

The average age is 39 years (2020 est.)

The official language is Thai

The currency is Thai Baht (THB)

GDP $501.8 billion (2020), GDP per capita $7,219.2 (2020)

The total area is 513,120 Sq. Km, the water is 0.43%

38 airports (7 international airports)

Monarchy & Buddhism in Thailand

Thailand is a constitutional monarchy, it inherited a strong Southeast Asian tradition of Buddhist kingship that tied the legitimacy of the state to its protection and support for Buddhist institutions. Buddhism in Thailand is 95 percent of the population.

The current Chakri Dynasty was created in 1782, the existence of the institution of monarchy in Thailand is traditionally considered to have its roots in the founding of the Sukhothai Kingdom in 1238.

Monarchy and Buddhism are closely intertwined with the public and private sectors, as well as with every subject of the kingdom.

The coronation of King Maha Vajiralongkorn ‧ May 4, 2019

The birthday anniversary of Her Royal Highness Princess Maha Chakri Sirindhorn ‧ Apr 2, 2021

The ceremony honoring the anniversary of the death of King Rama IX ‧ Oct 13, 2020

4th anniversary of the establishment of the office of DEPA ‧ Jan 23, 2021

Digital Thailand 2021

The Thai nation is social and active on the Internet:

69.5% of the total population are Internet users

97.7% of the total number of Internet users are mobile Internet users

78.7% of the total population are social media users

99.3% of the total social media users have access via mobile

2 hours and 48 minutes is the average amount of time per day spent using social media

10 is the average number of social media accounts per Internet user

99.0% watch online videos

The top 7 social media is:

YouTube (94.2%),

Facebook (93.3%%),

LINE (86.2%),

Facebook Messenger (77,1%),

Instagram (64.2%),

Twitter (57.8)

and TikTok (54.8%).

MICE Cities in Thailand

Meetings, incentives, conferences, and exhibitions (MICE) are a type of tourism in which large groups, usually planned well in advance, are brought together.

Thailand has identified 5 major cities that are ideal for any type of event. Bangkok is number one here. To find the best meetings and incentives near the relaxed white sand beaches that are the idyllic paradise of Phuket. Maybe it is preferable in the mountains? Or maybe a quiet area in the jungle? Thailand can offer Chiang Mai, Khon Kaen, and even Pattaya.

Thailand’s Economic Structure

14,641 (0.14%) largest enterprises with 5.2 million (17.84%) employees produce 9.9 trillion baht (58.79%) of the gross domestic product and exports by 6.4 trillion baht (73.62%).

3,1 million (29.27%) SMEs with 12 million (40.66%) employees produce 5.9 trillion baht (35.33%) of the gross domestic product and exports by 1 trillion baht (11.6%).

7,2 million (70.6%) agriculture with 12 million (40.93%) employees produce 1.3 trillion baht (7.98%) of the gross domestic product and exports by 1.3 trillion baht (15.08%).