00:00Vietnam right now, their policies to attract more foreign dollar investment in, specifically to our country, of course, Thailand, already
00:08a upper middle income country with established manufacturing supply chains here, but the GDP growth is still quite low compared
00:19to our peers there. What are the structural constraints holding Thailand back?
00:24One is, as you highlighted, you know, some of the demographic trends and tailwinds that as a region is benefiting
00:33from, that's not equal across every country. Thailand, unfortunately, is not there. We are an aging population and we're having
00:43declining workforce participation, right?
00:45So the GDP growth component that will come from just population growth overall, Thailand doesn't benefit. Additionally, Thailand also has
00:58high private household debt to GDP. We know that from the AI and the data center, you know, U.S.
01:07curve, that is strong.
01:10How can Thailand benefit from that, right? And what's really important is that not just benefiting from attracting the initial
01:18foreign direct investment or dollars in, but actually how to then ensure that the dollar, once it's invested, is actually
01:25able to have a multiplier effect into benefiting the overall productivity of the country.
01:32And what that means is really building an ecosystem around it. If you look at Malaysia as an example, where
01:39Malaysia has a quite a strong semiconductor assembly packaging testing type of ecosystem.
