The economy of Thailand improved in July thanks to public spending and an easing of coronavirus containment measures, according to the Bank of Thailand (BoT).
Hanoi (VNA) – The economy of Thailand improved inJuly thanks to public spending and an easing of coronavirus containmentmeasures, according to the Bank of Thailand (BoT).
July’s private consumption rose 2.7 percent fromJune as activity resumed, while annual exports shrank at a smaller pace of 11.9percent.
Reuters quoted Don Nakornthab, a director at thecentral bank, as saying on August 31 that: “Looking forward, there are stillhigh uncertainties.”
Most uncertain are foreign tourist numbers,which could miss the central bank’s projection of 8 million, he said, notingThailand could at best have 6.7 million foreign visitors this year, meaning 1.3million fewer tourists than the BOT’s forecast, affecting GDP by 0.5 percent,he said.
The tourism-reliant country received 6.69million international tourists in January-March but the influx ended on April 4when Thailand imposed a ban on foreign vacationers to keep the coronavirus out.
That compares with last year’s record 39.8million visitors whose spending made up about 11.4 percent of GDP.
In July, Thailand had a current account surplusof 1.79 billion USD after a trade surplus hit a five-month high of 4.11 billionUSD, driven by higher gold exports./.
Thailand will allow foreign tourists to visit for longer stays in Phuket tourist island from October, a senior official of the country said on August 21, as the government tries to revive a key economic sector that has been devasted by the coronavirus pandemic.
Trade between Cambodia and Thailand hit 82.02 billion THB (2.6 billion USD) in the first half of this year, up 2.27 percent year on year, the Phnom Penh Post reported.
The Cabinet of Thailand on August 25 approved a one-month extension of the state of emergency through September 30 to control the COVID-19 pandemic as the nation seeks to prolong its streak of going three months without a local transmission.
The Interior Ministry of Thailand on August 28 asked the governors of the 10 provinces bordering Myanmar to tighten security along the border to prevent illegal immigration because of the increasing number of COVID-19 cases in the neighbouring country.
Thailand’s Deputy Minister for Commerce Sansern Samalapa has said signing the RCEP agreement would help boost confidence in the business sector and promote multilateral trade, while expressing his confidence the deal would help expedite the region's economic recovery after the COVID-19 pandemic.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
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.
Bangkok capital city of Thailand (Photo: AFP) 
