Thai tourism sector urged to brace for the worst
Tourism operators have warned Minister of Tourism Sorawong Thienthong to brace for a global economic downturn and fiercer competition next year, urging the government to start planning for the worst-case scenario from this year.

The number of foreign tourists to Thailand this year can meet the government’s target of around 38 million. Photo courtesy of bangkokpost.com
According to Thienprasit Chaiyapatranun, president of the Thai Hotels Association, the number of foreign tourists to Thailand this year can meet the government’s target of around 38 million.
However, he said the new minister and the government should look ahead to next year as several negative factors could emerge.
Thienprasit advised the tourism minister to continue key strategies under the Ignite Tourism Thailand policy, focusing on the aviation hub and soft power promotions.
Related ministries should collaborate more closely with the tourism sector to ensure ease of travel and safety for tourists in the upcoming high season and through all of next year, he said.
Meanwhile, Thanet Supornsahasrungsi, president of the Association of the Chonburi Tourism Federation recommended that the new minister should appoint experts from the private sector to the team.
While the Thai tourism sector is fortunate to have established products and a reputation of value for money, the industry still requires active campaigns to attract tourists as major markets are shifting to independent travel based on unique demand and changing behaviour, he noted.
Rising stars such as Vietnam are catching up with Thailand in terms of tourism development and attractive prices, luring large numbers of tourists such as those from South Korea, said Thanet.
- Read More
VinFast inaugurates its second electric vehicle factory in Vietnam
VinFast, a Vietnamese EV manufacturing startup, on Sunday inaugurated a factory in Ha Tinh province's Vung Ang Economic Zone, its second in Vietnam after the one in Hai Phong city.
Industries - Sun, June 29, 2025 | 5:16 pm GMT+7
KBC to double down on mega golf course project in northern Vietnam
KinhBac City Development Holding Corporation (KBC), a leading industrial real estate developer in Vietnam, will forgo dividend payouts this year to retain capital for ongoing projects, including a 990.43-hectare property development in the northern province of Hung Yen.
Companies - Sun, June 29, 2025 | 1:30 pm GMT+7
Unit of Vietnam’s first LNG power complex connects to national grid
The Nhon Trach 4 power plant, one of two units in Vietnam’s first liquefied natural gas (LNG)-fueled power complex, officially connected to the national grid on Friday with an initial capacity of 50 MW.
Energy - Sun, June 29, 2025 | 10:00 am GMT+7
'Blockbuster' deals expected to boost Vietnam's stock market
Initial public offerings (IPOs), new listings, and bourse transfers are expected to become key drivers for the Vietnamese stock market in the coming time.
Finance - Sun, June 29, 2025 | 9:02 am GMT+7
Singapore-based Dale Investment acquires 73% stake in Vietnam’s Tam Tri hospital chain
Singapore-based investment fund Dale Investment Holdings has acquired a 73.15% stake in Vietnam’s private hospital chain Tam Tri Medical, according to a recent corporate registration update.
Companies - Sat, June 28, 2025 | 11:12 pm GMT+7
Volume of goods through seaports surges during US tariff pause
There's been a surge at Vietnamese container ports as businesses speed up deliveries during the 90-day pause on U.S. reciprocal tariffs.
Companies - Sat, June 28, 2025 | 10:52 pm GMT+7
Central Retail unveils $1.38 bln expansion plan for Thailand and Vietnam
Thailand's largest retailer Central Retail Corporation (CRC) will invest over THB45 billion ($1.38 billion) through 2027 to expand mainstream markets and accelerate growth in both Thailand and Vietnam, the retailer said in a release on June 24.
Companies - Sat, June 28, 2025 | 10:49 pm GMT+7
Dong Nai proposes development of $16 bln free trade zone
The southern province of Dong Nai has unveiled a plan to develop a $16 billion free trade zone to capitalize on the upcoming Long Thanh International Airport.
Companies - Sat, June 28, 2025 | 10:46 pm GMT+7
Thai Deputy PM to travel to US for trade talks next week
Thai Deputy Prime Minister and Minister of Finance Pichai Chunhavajira on Friday said that he will travel to the U.S. for trade talks next week.
Southeast Asia - Sat, June 28, 2025 | 10:36 pm GMT+7
Indonesia sees steady rise in renewable energy capacity
Indonesia's renewable energy capacity is rising year-on-year, according to Pandu Patria Sjahrir, chief investment officer (CIO) at the Investment Management Agency Daya Anagata Nusantara (BPI Danantara) of Indonesia.
Southeast Asia - Sat, June 28, 2025 | 10:34 pm GMT+7
$2 bln high-end tourism-service project okayed in northern Vietnam economic zone
The Vietnamese government has given in-principle approval to a high-end integrated tourism-service complex in Van Don Economic Zone in the northern province of Quang Ninh.
Real Estate - Sat, June 28, 2025 | 10:27 pm GMT+7
Beverage giant Tan Hiep Phat-tied firm plans $153 mln to expand southern Vietnam plant
A company tied with Vietnamese beverage giant Tan Hiep Phat plans to invest VND4 trillion (153.3 million) to expand its beverage plant in the southern province of Hau Giang.
Investing - Sat, June 28, 2025 | 4:10 pm GMT+7
Masan Consumer announces 25% interim cash dividend
Masan Consumer, the consumer goods arm of Masan Group, has announced a plan to pay an interim dividend for 2025 at a rate of 25% (VND2,500 or $0.096 per share).
Companies - Sat, June 28, 2025 | 1:03 pm GMT+7
Vietnam’s credit growth exceeds 7% in H1
Total outstanding credit across Vietnam’s banking system had reached VND16,730 trillion ($656 billion) in the year to June 18, up 7.14% from end-2024, according to the State Bank of Vietnam (SBV).
Banking - Sat, June 28, 2025 | 12:52 pm GMT+7
Vietnam's property developer Phat Dat aims to nearly double share price
Phat Dat Real Estate Development Corp (HoSE: PDR), a major real estate developer in Ho Chi Minh City, expects its shares to climb to VND30,000 ($1.15) apiece by year-end, with its leadership voicing strong resolve to deliver on the target.
Real Estate - Sat, June 28, 2025 | 9:46 am GMT+7
Work on HCMC’s Ring Road 4 set to commence in 2025
The National Assembly, Vietnam's legislature, on Friday gave in-principle approval to the Ring Road 4 project in Ho Chi Minh City, with 99.09% of members in attendance voting in favor.
Investing - Sat, June 28, 2025 | 8:26 am GMT+7