Post by account_disabled on Dec 27, 2023 1:26:35 GMT -5
NSTDA reveals the numbers of Thai R&D investment in the 2019 survey period, growing at 1.11% per GDP, expected after the country faces Covid. The figure decreased to 1.09% per GDP from the private sector reducing investment budgets, indicating that in 2017 the target of 2% could be reached if the government takes the lead and intensifies investment promotion measures. The Office of the Council for Higher Education, Science, Research and Innovation Policy (NHCO), Ministry of Higher Education, Science, Research and Innovation (NHCO) revealed that Thailand's overall investment in research and development has increased continuously since 2011 in the survey round. In 2019, it was found that in 2018, Thailand invested in research and development (R&D) in the amount of 182,357 million baht, accounting for 1.11 percent of gross domestic product or GDP, expanding by 1 percent from the previous year. 17.5 The said investment figures are divided into 142,971 million baht of private investment and 39,385 million baht of government investment, or approximately 78 percent and 22 percent, respectively.
Dr. Kitipong Promwong, Director of NSTDA, said that the growth of the country's research and development investment numbers In the survey year 2019, the numbers are satisfactory. If considering only private sector investment in research and development, it was found that investment increased by 15 percent, which is equivalent to 0.87 percent to GDP, increasing from the previous year's survey round when the private sector invested 123,942 million baht. or 0.80 percent to GDP. As for investment in research and development by Telegram Number Data the government, it was found that there was an increase of 27 percent, which is equivalent to 0.24 percent to GDP, increasing from the previous year's survey that the government had. Investment of 31,201 million baht or 0.20 percent to GDP. As for research and development personnel, it was found that there were 159,507 research and development personnel, an increase of 15 percent from the previous year, or equivalent to 24 people per population. 10,000 people, divided into 33 percent of personnel in the public sector and 67 percent in the private sector. For 2019, which will be the survey year 2020, it is expected that Thailand's investment in R&D will expand to reach 200 billion. Baht represents 1.21 percent of GDP. From the outbreak of COVID-19 in 2020, business operations of the private sector were affected to the point where R&D budgets may need to be reduced. As for the public sector, the government sector was not affected because the budget had already been allocated.
As a result, overall investment in research and development for the entire country is expected to decrease to approximately 166 billion baht, or 1.09 percent of GDP. However, it is expected to recover in 2021. “Although the growth of Thai R&D investment has been growing continuously since 2011, when the world, including Thailand, faced the COVID-19 crisis, That affects both the economic, social and educational dimensions. Therefore, it is not surprising that R&D investment numbers in 2020 will decrease as a result of business operations of the private sector that have been affected to the point of needing to reduce budgets. The R&D side has decreased, with the NSTDA predicting that it is due to the impact of COVID-19. This will result in the country's research and development investment numbers in 2020 decreasing to 1.09 percent and expected to recover in 2021 with expected growth of 1.23 percent. Decreased from the original target expected in a normal situation that in 2020 it would grow 1.40 percent per GDP and in 2021 it would grow 1.50 percent per GDP, but it is not shocking. We just need to determine the direction of investment in research and development after the COVID-19 situation. Let's be clear in which direction we will head in order to meet the 2 percent target in 2027, which is definitely possible. But you must not let it go haphazardly,” Dr. Kitipong said.
Dr. Kitipong Promwong, Director of NSTDA, said that the growth of the country's research and development investment numbers In the survey year 2019, the numbers are satisfactory. If considering only private sector investment in research and development, it was found that investment increased by 15 percent, which is equivalent to 0.87 percent to GDP, increasing from the previous year's survey round when the private sector invested 123,942 million baht. or 0.80 percent to GDP. As for investment in research and development by Telegram Number Data the government, it was found that there was an increase of 27 percent, which is equivalent to 0.24 percent to GDP, increasing from the previous year's survey that the government had. Investment of 31,201 million baht or 0.20 percent to GDP. As for research and development personnel, it was found that there were 159,507 research and development personnel, an increase of 15 percent from the previous year, or equivalent to 24 people per population. 10,000 people, divided into 33 percent of personnel in the public sector and 67 percent in the private sector. For 2019, which will be the survey year 2020, it is expected that Thailand's investment in R&D will expand to reach 200 billion. Baht represents 1.21 percent of GDP. From the outbreak of COVID-19 in 2020, business operations of the private sector were affected to the point where R&D budgets may need to be reduced. As for the public sector, the government sector was not affected because the budget had already been allocated.
As a result, overall investment in research and development for the entire country is expected to decrease to approximately 166 billion baht, or 1.09 percent of GDP. However, it is expected to recover in 2021. “Although the growth of Thai R&D investment has been growing continuously since 2011, when the world, including Thailand, faced the COVID-19 crisis, That affects both the economic, social and educational dimensions. Therefore, it is not surprising that R&D investment numbers in 2020 will decrease as a result of business operations of the private sector that have been affected to the point of needing to reduce budgets. The R&D side has decreased, with the NSTDA predicting that it is due to the impact of COVID-19. This will result in the country's research and development investment numbers in 2020 decreasing to 1.09 percent and expected to recover in 2021 with expected growth of 1.23 percent. Decreased from the original target expected in a normal situation that in 2020 it would grow 1.40 percent per GDP and in 2021 it would grow 1.50 percent per GDP, but it is not shocking. We just need to determine the direction of investment in research and development after the COVID-19 situation. Let's be clear in which direction we will head in order to meet the 2 percent target in 2027, which is definitely possible. But you must not let it go haphazardly,” Dr. Kitipong said.