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Thailand's R&D Grows Amidst Covid-19 NXPO sets R&D investment target at 2 percent of GDP by 2027

The Office of National Higher Education Science Research and Innovation Policy Council (NXPO), led by Dr. Kitipong Promwong, President, reveals that the volume of R&D investment in Thailand has grown continuously since 2011. Despite the Covid-19 Pandemic, which prompted the government sector to take action in the form of increased public R&D injection in response to potential national R&D slump from the pandemic, in accordance with a prior forecast by NXPO, the survey on R&D investment in 2020 by the National Research Council of Thailand (NRCT) shows an increase in the country’s R&D allocation to 208,009 million baht (66,304 million baht – or 32 percent – from the government sector and 141,705 million baht – or 68 percent – from the private sector). Noteworthily, the amount from the government sector increased from the previous year by almost 10 percent. The investment in R&D accounts for 1.33 percent of GDP, up from 1.14 percent last year. ....

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