Thailand’s cross-border trade projected to grow 9 percent this year
The Thai government expects cross-border trade to expand by as much as 8-9 percent this year, propelled by the global economic recovery, baht weakening, and ongoing efforts by the Commerce Ministry to speed up the reopening of border checkpoints, as well as cooperation with the private sector.
Bangkok (VNA) –ꦜ The Thai government expectscross-border trade to expand by as much as 8-9 percent this year, propelled bythe global economic recovery, baht weakening, and ongoing efforts by theCommerce Ministry to speed up the reopening of border checkpoints, as well ascooperation with the private sector.
Thai Minister of Commerce Jurin Laksanawisit recently saidthat overall cross-border trade, including transit trade, is likely to grow by8-9 percent this year, up from an estimate of 4-5 percent made lastmonth. Jurin said cross-border trade, including transit trade, tallied 1.42 trillion THB (42.5 billion USD) in the first ten months of 2021, postinga year-on-year surge 31.7 percent. Of the total, exports made up 860 billion THB,up 37.4 percent, while imports rose 23.9 percent to 564 billion THB. Last year, overall border trade, including transit trade, declined 1.7 percent from 2019 to 1.31 trillion THB. Last year's drop wasattributed to the pandemic and border checkpoint closures in an effort to curbthe spread of COVID-19, in addition to the strong baht. Despite the pandemic, cross-border trade fared quite wellthis year, Jurin said, adding that factors expanding border trade include theglobal economic recovery, baht depreciation, and quick reopening of bordercheckpoints. Thailand has reopened a total of 48 checkpoints, includingthose at Tak Bai and Buketa in Narathiwat in the middle of last month. Some 49are still closed due to the pandemic. Another checkpoint expected to reopen soon is Ban Nong Ianin Sa Kaeo province, in the Cambodian border. Authorities in Nong Khai province are planning to reopenborder with Laos on December 24./.
The Thai government is making efforts to stimulate local tourism with hopes to see 100 million domestic trips by the end of the year, given a sharp decrease in international tourist arrivals due to COVID-19.
Thailand’s economy is expected to recover in 2022, growing 2.8-3.7 percent, depending mostly on the severity of the Omicron variant, according to Kasikorn Research Centre (K-Research).
Thailand's economy may return to levels logged before the COVID-19 pandemic in the first quarter of 2023, according to the Bank of Thailand (BOT) governor.
Thailand's IT spending is expected to grow 6.4 percent annually to 871 billion THB (about 25.85 billion USD) next year with strong growth in enterprise software thanks to continued hybrid work and remote services, according to global research firm Gartner.
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.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
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.
A street in Bangkok (Photo: AP) 
