Citibank Thailand calls on Thai companies to digitalize for incorporation of national development plan with B&R Initiative

Source: Xinhua| 2017-12-14 22:51:39|Editor: Mu Xuequan
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BANGKOK, Dec. 14 (Xinhua) -- Citibank Thailand on Thursday called on the Thai government to continue to inject confidence into Thai companies to digitalize themselves to pave the way for incorporating Thailand's development strategy with China's Belt and Road Initiative.

At the Citibank Belt and Road Initiative forum held here on Thursday, head of Citibank Thailand Tidor Pandi said: "In Thailand, it would be important that the government continues to communicate with Thai companies of how the Belt and Road Initiative can actually complement the Thai government's 4.0 innovation strategy and its opportunities at the Eastern Economic Corridor (EEC)."

"At the end of the day, it is all about confidence, and that the Thai companies will start to think concretely about how they would want to invest in order to benefit from the Belt and Road Initiative."

Tidor said that since China is now the leading "Fintech" country, Thai companies should also learn how to digitalize themselves if they want to compete in the global market.

"China today when it comes to Fintech, it is the leading power in the world. So how can Thai companies prepare themselves to become innovative? By digitalizing themselves," said Tidor.

In addition, with the middle class growing rapidly in China, Thailand will continue to benefit from its tourism businesses, said the banker.

The Thai government has been sharing information about China's Belt and Road Initiative with Thai companies and convincing Small Medium Sized (SME) companies to "digitalize" to stay on par with China's technological advancements.

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