Thailand posts export growth for second straight month
Thailand has recorded export growth for a second straight month in September, when the revenue increased 2.1% month on month to 920.39 billion THB (25.48 billion USD).
Vessels near Bangkok Port of Thailand (Photo: Reuters)
Bangkok (VNA) – Thailand has recordedexport growth for a second straight month in September, when the revenue increased2.1% month on month to 920.39 billion THB (25.48 billion USD).
The driving forcebehind the export growth was agricultural products, especially fruits likedurian and mangosteen as well as rice, which saw a surge in demand inSub-Saharan Africa and Indonesia. Demand for high-tech products likesolar cells and mobile phones was also high, said Keerati Ruschano, Permanent Secretaryof the Commerce Ministry.
In contrast, imports droppedby 8.3%, resulting in a trade surplus of 2.09 billion USD.
He noted theglobal manufacturing sector remained contracted in September, and recovery ofmain markets has yet to gain momentum. Geopolitical tension and prolonged highinterest rates have also cast a shadow over global economic prospects.
Key export marketslike China, the Association of Southeast Asian Nations (ASEAN) and South Asiacontinue showing signs of expansion though uncertainty remains due to globaleconomic pressures.
Keerati expressedoptimism about the export trend in upcoming months. Moreover, stabilityin food supply and heightened demand from the service and tourism sectorsduring the holiday season are expected to boost the export of agricultural andfood products.
There are also plenty of growth opportunities in the realm ofindustrial goods in line with digital technology and clean energy trends, he said.
The Thai CommerceMinistry has collaborated closely with the private sector to promote tradeactivities, negotiate trade pacts, and monitor and respond to new risks arisingfrom the Israel - Hamas conflict, which could have far-reaching implicationsfor global trends in the future, the official added./.
The Industry Ministry is being asked to allow the creation of a new regulatory unit to help it monitor product standards, aiming to control the influx of cheap Chinese imports, said the Federation of Thai Industries (FTI).
Aiming to become the world's food supplier, Thailand is making efforts to incubate innovation in its agricultural sector, improve farming methods to increase the productivity and value of agricultural products, as well as support farmers in the transition to smart agriculture.
Thai exports in 2024 are likely to rebound to growth of 3.6% from a projected decline of 2% this year, according to the latest forecast by the University of the Thai Chamber of Commerce (UTCC).
The China Harbour Engineering Company Ltd (CHEC) is interested in a proposed 1-trillion-baht (27.4 billion USD) landbridge project that will link the Gulf of Thailand and the Andaman Sea, according to the Thai government.
Thailand’s Deputy Minister of Finance Julapun Amornvivat on October 19 announced that the scheme to give 10,000 THB (274 USD) in handouts via digital wallets to more than 50 million people in the country will not be started on February 1, 2024 as planned.
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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.
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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.
Vessels near Bangkok Port of Thailand (Photo: Reuters) 
