Car production in Thailand rose 15% in November from a year earlier to 190,155 units, thanks to improvement in the supply of chips, the Federation of Thai Industries (FTI) said on December 20.
New cars are lined up for export at Laem Chabang deep-sea port in Chon Buri province. (Photo:bangkokpost.com)
Bangkok (VNA) - Car production in Thailand rose15% in November from a year earlier to 190,155 units, thanks to improvement inthe supply of chips, the Federation of Thai Industries (FTI) said on December20.
Also in the month, the country’s car exports fell by 10.98%annually, after an increase of 15.51% in October. According to SurapongPaisitpattanapong, a spokesperson for FTI's automotive industry division, thereduction was due to a lack of space for loading cars to be shipped out.
Domestic car sales in November also dropped 4.79% to 68,284vehicles as a result of flooding in several parts of the country.
Thailand is a regional vehicle production and export basefor the world's top carmakers, including Toyota and Honda. The industryaccounts for about 10% of the economy and its manufacturing jobs./.
Thailand’s tour operators are expecting outbound tourism from China will restart in late January 2023 during the Lunar New Year festival when China gradually lifts its COVID-19 restrictions.
Thailand’s economy is projected to recover to its pre-pandemic level in 2022, but the pace of growth will be slower than expected in 2023 owing to global headwinds, according to the World Bank.
Thai Deputy Prime Minister Prawit Wongsuwan recently endorsed in principle a large-scale plan to tackle flooding and drought across the country that will require a budget of 337.7 billion THB (9.7 billion USD).
More than 8.1 million Thai people are poor, including 4.4 million living below the poverty line, according to the latest report by the Office of the National Economics and Social Development Council (NESDC).
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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.
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