Thailand’s tourism to recover to pre-pandemic level in 2024: official
Thai Finance Minister Arkhom Termpittayapaisith has predicted that his country will welcome 8 million foreign tourists next year before returning to the pre-pandemic level of 40 million in 2024.
A tourist goes surfing on the sea off Hua Hin Beach in Thailand's Prachuap Khiri Khan province on December 5 (Photo: Xinhua/VNA)
Bangkok (VNA) –Thai Finance Minister Arkhom Termpittayapaisith has predicted that his countrywill welcome 8 million foreign tourists next year before returning to thepre-pandemic level of 40 million in 2024.
The economy of Thailand contracted 12.1 percentin the second quarter and 6.4 percent in the following three months, with thetourism industry severely affected.
The second largest economy in Southeast Asia isexpected to take two years to recover but the tourism sector, which accountsfor 12 percent of the GDP, should take until 2024.
The almost 40 million foreign arrivalsregistered in 2019 generated revenue worth almost 2 trillion THB (66 billion USD).
Thailand has yet to lift a travel ban imposedsince April though it has had few outbreaks and removed most restrictions. Thecountry recently started receiving a limited number of tourists on specialvisas with a quarantine requirement.
Officials have forecast 6.7 million foreigntourist arrivals this year, most of whom visited in Q1 before the ban.
Foreign tourists are forecast to number 8million next year before rising to 16 million, 32 million and 40 million in2022, 2023 and 2024, respectively, according to the finance minister./.
Thailand is promoting the concept of bioeconomy, which encourages the use of renewable resources and waste products to make value-added products, to support the country’s ambitious plan to make Thailand the biochemical industry hub of ASEAN by 2027.
Thailand welcomed first 1,201 foreign tourists in October since a ban in April aimed at averting coronavirus outbreaks, as the country gradually opens up to a select number of visitors.
The Government of Thailand looks to restructure the economy next year to attract foreign investors to new industries and establish a central e-commerce platform to boost online sales nationwide, local media reported.
Thailand plans to increase the price of its five-year residency permit by 20 percent in January 2021, after the programme dubbed "elite" visas drew a record new membership this year as people sought to stay in the largely coronavirus-free country.
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.
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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.
A tourist goes surfing on the sea off Hua Hin Beach in Thailand's Prachuap Khiri Khan province on December 5 (Photo: Xinhua/VNA) 
