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Overview

Lancang-Mekong Fund provides THB 7.86 million to support Thailand's automotive industry in 2023

Commitments (Constant USD, 2023)$225,863
Commitment Year•2023Country of Activity•ThailandDirect Recipient Country of Incorporation•China (People's Republic of)Sector•Industry, Mining, ConstructionFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Oct 31, 2023
Start (actual)
May 29, 2024
End (actual)
Jun 5, 2025

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

  • Unspecified Chinese Government Institution

Receiving agencies

Government Agencies

  • Thailand Ministry of Industry

State-owned Funds

  • Lancang-Mekong Cooperation (LMC) Special Fund

Implementing agencies

Government Agencies

  • Thailand Ministry of Industry
  • The Office of Industrial Economics

Miscellaneous Agency Types

  • Thailand Automotive Institute (TAI)

Loan description

Lancang-Mekong Fund provides THB 7.86 million to support Thailand's automotive industry in 2023

Narrative

Full Description

Project narrative

On October 31, 2023, the Thai Secretariat of the Cabinet approved the MoU for the Thailand Ministry of Industry project on "Sustainable Competitiveness Development Project for Automotive Parts Manufacturers towards an Industry oriented towards Intelligent Transportation and Systems". The Ministry of Industry will receive THB 7.86 million from the Lancang-Mekong fund for the project. The purpose of the project was to strengthen cooperation in automotive parts industry and support the development of the future automotive industry in the Mekong-Lancang subregion. This project was primarily implemented through a series of trips to China for discussions between Chinese automotive companies and various public and private companies from the different Lancang-Mekong member countries. The Office of Industrial Economics and the Thailand Automotive Institute (TAI) were key implementers and participants in these activities. The first discussion occurred on May 29, 2024. On June 5, 2025, a seminar was held to discuss the results of the project. This project is one of 13 projects that the Ministry of Higher Education, Science, Research and Innovation (MHESI) received USD 2.8 million from the Lancang-Mekong Cooperation Special Fund for.