Page 36 - Introduction to Investment Laws in Thailand
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according to the sufficiency economy philosophy with the ultimate goal
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to provide Thai people's well-being.
Source: OSMEP, 2021, 20-Year National Strategy (2017-2036),
<https://www.sme.go.th/en/page.php?modulekey=378>
In addition, Thailand also set the Twelfth National Economic and
Social Plan (2017-2021), which links with the 20 years strategic plan. The
Twelfth National Economic and Social Plan stipulated clear economic,
social and environmental targets that have to be achieved within the five
years. The five-year plan targets research and innovation development
under a bio-circular economy with sustainable development goals. With
the plan, the government encourages growth and industrial development
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with sustainability for the people. With the 20 years strategic plan and
five-year national development plan, the government will keep its policy
39 OSMEP, 2021, 20-Year National Strategy (2017-2036),
<https://www.sme.go.th/en/page.php?modulekey=378>
40 NESDC, 2021, Summary-National Economic and Social Development Plan
No. 12 (2017-2021),
<https://www.nesdc.go.th/ewt_news.php?nid=6420&filename=develop_issue>
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