Veerathai Santiprabhob: Thailand 2025 - dealing with major trends

Keynote address by Dr Veerathai Santiprabhob, Governor of the Bank of Thailand, at the Thai National Shippers' Council (TNSC) 25th Anniversary Exclusive Dinner Talk, Bangkok, 25 November 2019.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Central bank speech  | 
02 December 2019


Good evening to you all.

I'd like to first thank the Thai National Shippers' Council for inviting me. Let me also congratulate TNSC on the occasion of its 25th anniversary. Over the past 25 years, exports have become Thailand's main engine of growth, and TNSC has played a major role in making that possible through its commitment and dedication to serve the community of over 2,000 exporters.

With today's topic of "Thailand 2025", I would like to commend TNSC for inviting us to look beyond short-term issues: what this year's GDP growth rate will be, how many tourists we will get this year, or what will the exchange rate be by year-end. While paying attention to these short-term issues is important, it's equally-or even more-important to take our eyes off the few meters in front of us and look further ahead to ensure that we're heading in the right direction.