The Thai cabinet has approved a draft of the official letter that indicates its intention to become a member of the group of emerging economies, known as BRICS, which stands for Brazil, Russia, India, China and South Africa, affirming that the move will enhance the country’s role in the international area.
The Thai cabinet has approved a draft of the official letter that indicates its intention to become a member of the group of emerging economies, known as BRICS, (Photo: VCG)
Bangkok (VNA)🃏 – The Thai cabinet has approved a draft of the official letter that indicates its intention to become a member of the group of emerging economies, known as BRICS, which stands for Brazil, Russia, India, China and South Africa, affirming that the move will enhance the country’s role in the international area.
It is necessary for Thailand to join BRICS amid the declining role of the US dollar and the Euro in the global economy, Thai political scientist Rom Phiramontri said.
According to the expert, the use of the US dollar and the Euro will contract in the future, therefore, joining the BRICS group is a necessary step.
He went on to say that preparations to do this are evidenced by the increase of gold reserves by the Bank of Thailand and lowering of the dollar dependence in trade with China and member states of the Association of Southeast Asian Nations (ASEAN)./.
Thailand’s Ministry of Industry has established the Thai Halal Industry Centre (THIC) as an effort to turn the country into a regional leader in the production and export of halal products.
Thai Finance Minister Pichai Chunhavajira said on May 28 that a set of short-term stimulus measures was prepared by the ministry, aiming at increasing disposable income through debt restructuring at both public and private banks, highlighting the Bank of Thailand already signed on to this idea.
Thailand’s Finance Ministry is preparing a credit guarantee fund worth 50 billion THB (1.35 billion USD) to help small and medium-sized enterprises (SMEs) access credit, local media reported.
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.
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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.
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The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Member states also reviewed progress on six priority areas for 2025, including the development of an underground cable framework, the follow-up agreement to the ASEAN Petroleum Security Agreement (APSA), the launch of the ASEAN Energy Efficiency Database, and the rollout of an investment platform for sustainable building initiatives.
In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
