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Northeast Thailand: An Emerging Economic Hub fostered by The China-Laos high-speed rail project
Northeast Thailand has a lot of potential and advantages to become a new economic hub for the country and the region. It has a strategic location, connecting Thailand with its neighboring countries of Laos, Cambodia, Vietnam and China.
Northeast Thailand, also known as Isan, is the largest and most populous region of the country, with a rich and diverse culture, history and natural resources.
However, for a long time, it has been overlooked and underdeveloped by the central government and the private sector, resulting in high poverty rates, low education levels and limited opportunities for its people.
That is changing now, as the region is becoming a new economic hub for Thailand and the Greater Mekong Subregion.
The China-Laos high-speed rail project
The China-Laos high-speed rail project is seen as crucial for transforming Thailand’s Northeast into an economic center of the Greater Mekong Subregion. The government plans to invest approximately 760 billion baht over the next five years, with significant contributions from both the public and private sectors.
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