A man walks in a business area in Bangkok (Illustrative photo: Reuters)
Bangkok (NNT/VNA) - The Thai Cabinet thisweek approved in principle tax incentives for foreigners working in targetedindustries or economic zones.
According to Deputy Government Spokesperson Trisulee Traisoranakul, the measureis expected to attract at least a million of foreigners on long-term residentvisas (LTR visa) to the Kingdom. He also said it should help strengthen thedomestic economy and contribute to technical development.
Foreigners with specialised skills who operate in specific Thai industries willpay a flat rate of 17 percent on their personal income. To be eligible for the LTR visa, foreigners mustinvest in Thai government bonds or in real estate in Thailand worth a minimumof 500,000 USD through foreign direct investment (FDI). Their personal annualincome must also have been at least 80,000 USD for the past two years, withassets worth at least one million dollars.
Foreign retirees who qualify for an LTR visa must be at least 50 years old,have invested in Thai government bonds via FDI or in Thai real estate totalingat least 250,000 USD. They must also have annual income of at least 40,000 USD,or receive an annual pension of at least 80,000 USD. The third category of LTR applicants comprises thosewho wish to work in Thailand and have earned at least 80,000 USD in the pasttwo years, or 40,000 USD if they have a Master’s degree, own an intellectualproperty right, or have received "Series A" funding with at leastfive years of work experience.
Foreigners in the fourth category are those with specialised skills who haveearned at least 80,000 USD annually for the past two years, or a minimum of 40,000USD if they have completed post-graduate education and have five years of workexperience in industries targeted by the Thai government./.
The Trade Negotiations Department of Thailand targets concluding the negotiation framework on a free trade agreement (FTA) with the EU this year and wrapping up FTA negotiations with Turkey and Pakistan.
A new luxury hotel operated by Japanese hotelier Hotel Okura will be opened in the center of the business district in Bangkok in 2025, with a total cost of 24 billion JPY (208 million USD), according to Nikkei Asia.
Thai shrimps have been affected by early mortality syndrome (EMS), which has severely dented yields since 2012, leading to dependence on imports, according to Thai Shrimp Association (TSA).
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.
A man walks in a business area in Bangkok (Illustrative photo: Reuters) 
