Thailand’s economy grew 4.8 percent in the second quarter of this year, higher than that of the first quarter and the highest level in five years, according to a report from the Bank of Thailand (BoT).
Thailand's economic growth is boosted by strong exports. (Photo: Reuters)
Bangkok (VNA) – Thailand’s economy grew 4.8 percent in the secondquarter of this year, higher than that of the first quarter and the highestlevel in five years, according to a report from the Bank of Thailand (BoT).
Earlier, research units of large banks in the country like Karikorn and GSBforecast that the country’s GDP for the whole year will range between 4.5-4.9percent.
The report said that the economic growth was boosted by strong exports,tourism, and private investment. Meanwhile, risk factors for the economy werethe US-China trade war, adjustment in policies of large economies, andThailand’s imbalance in debt structure.
In June, Thailand exported 21.75 billion USD worth of products, a year-on-yearincrease of 10 percent. Quarter 2’s shipments rose 12.3 percent to 63 billionUSD, and the purchasing managers’ index (PMI) increased in 14 consecutivemonths and stood at 4.7 percent in June.
Meanwhile, the Ministry of Commerce has been upbeat on substantial gain in theshipments of Hom Mali rice, particularly to the US market.
In the first half of the year, the country exported 220,000 tonnes of Hom Malirice worth 250 million USD to the US, rising 2.8 percent in terms of volumefrom the same time last year.
A deputy-ministerial level delegation was sent to the American nation tobolster rice exports. Preparation has been made to increase the shipment ofthis staple in Singapore, Australia, China, and ASEAN countries.
As of July 20, Thailand sold 6.15 million tonnes of rice abroad, earning 3.1billion USD. The country targets exports of 10 million tonnes this year. HomMali or Thai Jasmine is leading rice in Thailand, and demands for this type ofrice are high, especially in high-end markets.-VNA
The Thai Government has approved a rice aid package worth 97.95 billion THB (2.94 billion USD) for the 2018-19 crop, aiming to encourage farmers to delay their paddy sales and improve harvesting and price quality.
The Thai National Shippers’ Council has forecast export growth this year at between 8 and 9 percent, after June exports grew in almost every market and there was a smaller-than-expected impact from recent trade barriers.
Thailand’s central bank plans to keep its interest rate unchanged again on August 8 to aid economic growth as inflation remains benign and policymakers say capital outflows are not currently a concern, according to Reuters.
Thai envoys to neighbouring countries and 32 governors of its border provinces will meet in a two-day meeting since August 9 with the theme of “Synergised efforts to enhance security, prosperity, and sustainable development in the Border Provinces”.
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.
Thailand's economic growth is boosted by strong exports. (Photo: Reuters) 
