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29 Jan 2025

Thai Economy

Global Finance Hub: Where does Thailand stand? (Current Issue No.3554 Full Ed.)

คะแนนเฉลี่ย
  • A financial hub is a central location of financial activities. Its key characteristics include a large concentration of diverse financial institutions, robust infrastructure, financial experts, supportive laws and technology, as well as strong international connectivity. All these elements enable a financial hub to offer comprehensive and diverse financial services and accommodate the growth of cross-border transactions.
  • Bangkok ranked 95th in the Global Financial Centers Index 36 (GFCI), indicating that Thailand still lags significantly behind the world’s leading financial hubs. However, Thailand possesses several strengths including digital infrastructure, logistics, livability, and the resilience of financial institutions system. These factors could provide a solid foundation for elevating Thailand’s standing as a financial hub in the future.
  • Therefore, to further enhance Thailand’s position as a globally recognized financial hub, it must accelerate the upskilling of the local workforce, attract more foreign talent, offer tax incentives, and ease its presently restrictive regulations. These efforts should be undertaken along with the development of Thailand’s economic strengths.

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Thai Economy