A morphologically distinct element of the group of Dracaena species from Thailand and Burma with undifferentiated leaf sheaths, no leaf blade central costa, free tepals and free thickened filaments known as Chan nuu or Chan pha krai in Thai is shown to be a distinct species, Dracaena kaweesakii Wilkin & Suksathan based on habit, leaf base and margin, inflorescence axis indumentum and floral characters. It is described and illustrated. Ecological and conservation status assessment information are provided.