Author Topic: Thailand plans to boost Isaan economy  (Read 887 times)

Offline thaiga

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Thailand plans to boost Isaan economy
« on: January 28, 2016, 04:15:28 PM »
Thailand Plans to Boost Northeastern Economy

Thailand’s northeastern economy, among the poorest in the country, is looking to expand trade with neighboring Laos and business in the Greater Mekong Subregion (GMS) as it recovers from a two-year recession.

Major department stores sprang up in towns such as Ubon Ratchathani and Udon Thani.

But now retailers report sluggish sales and the Thai central bank warns of growing indebtedness among farmers as rice prices fall to their lowest in six years.

Agriculture accounts for some 20 percent of the region’s economy, followed by trade. Household incomes in the Northeast are the lowest in Thailand, at close to $550 a month, well short of the nearly $1,200 earned per month in the Bangkok region.

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