Global credit rating agency Moody's on August 24 maintained Thailand's credit rating at Baa1 with stable outlook, saying that the country still has sufficient economic activity to balance challenges caused by the COVID-19 pandemic.
Patricia Mongkolvanit, Director-General of the Public Debt Management Office of the Thai Ministry of Finance (Photo: //www.nationthailand.com/)
Hanoi (VNA) - Global credit rating agency Moody's on August 24 maintained Thailand's credit rating at Baa1 with stable outlook, saying that the country still has sufficient economic activity to balance challenges caused by the COVID-19 pandemic.
Xinhua news agency quoted Patricia Mongkolvanit, Director-General of the Public Debt Management Office of the Thai Ministry of Finance, as saying that the rating decision was strongly influenced by solid industry activities, especially in the automotive and electronic sector.
The country's well-known role as a leading hub for agriculture and tourism also contributed to reinforces Moody's assessment.
The rating has further been supported by the country's strong public and external finances, which helped it respond to the economic shock and market volatility brought by the pandemic.
According to Moody’s, Thailand’s economy is likely to expand by 2 percent this year, a more positive projection compared to the 0.7 - 1.2 percent prediction by the National Economic and Social Development Council earlier this month.
Moody's also reiterated in its report that political instability in Thailand could potentially reduce its attractiveness as a destination for foreign direct investment, undermining the outlook and the speed of economic recovery./.
Thailand’s Industry Ministry has said that COVID-19 has spread to the manufacturing sector at a worrying rate of 13 infected factories a day, with the food and electronics industries at the top of the caseload table.
Thailand’s central bank said on August 19 it plans to test its retail digital currency for the public in the second quarter of 2022 as an alternative payment option.
Thailand's tourism industry is trying to shift from mass tourism to attracting more quality visitors as part of efforts to survive amid the COVID-19 pandemic.
Chuan Leekpai, President of the National Assembly of Thailand, highlighted the ASEAN Inter-Parliamentary Assembly (AIPA)’s role in applying digital technologies while delivering a speech at the first plenary session of the 42nd General Assembly of the AIPA via videoconference on August 23.
Thailand will receive 61 million vaccine doses from AstraZeneca by the end of this year, raising the number of doses it has procured to 120 million, a Government spokesperson has said.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Patricia Mongkolvanit, Director-General of the Public Debt Management Office of the Thai Ministry of Finance (Photo: //www.nationthailand.com/) 
