Krungsri (Bank of Ayudhya PCL) drives business potential enhancement strategies for business customers for sustainable growth Through Krungsri Business Talk 2021 webinar on the topic “Thailand after COVID-19: Business Opportunities and Transformation” specially organized for Krungsri business customers, including SME customers, large corporate customers. and Japanese commercial banking customers with cooperation from executives from the Board of Investment (BOI) and executives of Krungsri Let’s share knowledge and perspectives on industrial and economic directions. both in the corner of the global economic trend and the direction of Thailand To enable businesses to prepare and adjust their plans to cope with the changes after the COVID-19 crisis and to receive new business opportunities in the future.
Mr. Yoshiyuki Horio, President of Japan Commercial Banking Group (JPC/MNC Banking), Bank of Ayudhya Public Company Limited, gave the opening remarks. and was honored by Ms. Duangjai Knight The Secretary-General of the Board of Investment (BOI) is a special speaker on the topic of promoting the new economy and sustainable economic development. Bio-Circular-Green Economy Model or BCG, including the direction of supporting the Thai industry of the BOI, together with Dr. Somprawin Manprasert, Executive Vice President Research Executives and Ms. Rung Sanguanruang, Director and Executive of Money Market Research and Analysis Group. Bank of Ayudhya Public Company Limited attended a lecture on the direction of the world economy. Thai Economic Outlook Interest direction and exchange rate trend of both domestic and international financial markets.
On the main issue that occurred at the seminar, Dr. Somprawin pointed out that the global economy will begin to recover gradually as more people have access to vaccines. and starting to be unlocked in some countries make the economy start to drive In Thailand, we have passed the peak of the epidemic. and vaccination tends to improve Currently, more than 400,000 people can be vaccinated per day. Krungsri Research believes that the economy will grow by 0.6%, which will come from 3 reasons: Thailand’s export sector is still good. In addition, there are continual remedial measures coming out. And people started to have more economic activity after the lockdown began. It is estimated that by the end of the year the infection rate will drop to about 2,500 people per day. Next year is likely to increase, but it will still take some time to get back to the way it was.
In addition, the Board of Investment (BOI) views that the industry in the group Bio-Circular-Green or BCG is considered an important opportunity for Thailand to develop a post-crisis economy. Due to Thailand’s abundant bio-resources from the agricultural and food industries that have continuously developed. If technology is used to help, it can create even more added value. In addition, the trend of doing business with care for the environment that has received attention from many organizations has made it possible to develop related businesses. It is therefore predicted that in the next 5 years, the BCG industry will account for 25% of GDP. Thailand has factors that are suitable for development, both in terms of Biodiversity, which is ranked 15th in the world, and the food industry, which is exported. It is ranked 13th in the world, as well as biomass remaining from agriculture up to 40 tons per year, which can be used to create a lot of added value by bringing in technology to help develop And Thailand is also ready in terms of the location and infrastructure that the government is continuing to develop to fully enhance the country’s capabilities. With these readiness, there are opportunities for business development in many areas, including Smart farming or Plant factory businesses that currently focus on herbs or high-value-added raw materials such as FOS sugar, as well as Novel Food such as plant proteins and insect protein In the bioplastics industry It has the potential to grow and Thailand is still a production center of the region with large investment and huge expansion. Besides that, the health industry and the recycling-related industry also have unique properties and there are many opportunities for development.
In the electric vehicle industry Thailand is the world’s 11th vehicle production base and ASEAN’s No. 1, and by 2030 it is estimated that 30% of the production capacity will be electric vehicles. In order to develop to meet the goals, there must be the development of ecosystems in many aspects. especially having a potential charging station to support And Thailand must adapt in all sectors. because the automotive industry will remain the number one industry in Thailand
This seminar is part of a webinar for business customers. One of the activities from Krungsri Business Empowerment to help strengthen business potential of business customers for sustainable growth. through seminar activities that are held continuously Share knowledge for business customers with access to insights from leading speakers. aim to inspire and create opportunities to expand the business for customers
Interested parties can watch the past webinars via Krungsri Business Empowerment, Facebook and Krungsri.com.
