Thailand looks to further boost border trade
Thai Prime Minister Srettha Thavisin has asked relevant agencies to pursue friendly international trade and investment policies in a bid to boost border and cross-border trade between Thailand and neighbouring countries.
![Thai Prime Minister Srettha Thavisin (R). Photo courtesy of https://www.nationthailand.com/.](https://i.ex-cdn.com/theinvestor.vn/files/content/2024/08/12/thailand-the-investor-1733.jpg)
Thai Prime Minister Srettha Thavisin (R). Photo courtesy of https://www.nationthailand.com/.
Government spokesperson Chai Wacharonke said on Sunday that this move will generate positive sentiment in the Thai economy, noting that the Commerce Ministry of Thailand has appointed the Department of Foreign Trade to monitor border trade closely.
According to Wacharonke, Thai border and cross-border trade moved in a positive trajectory with a total of THB 912.28 billion (over $25.8 billion) in the first six months this year – including THB 534.31 billion in exports and THB 377.96 billion in imports.
The border trade in the first half of this year totalled THB 493.47 billion. The important border export items include diesel valued at THB 23.10 billion, refined oil worth THB 10.43 billion, and latex THB 8.22 billion, he said.
Meanwhile, cross-border trade totalled THB 418.81 billion, including China (THB 244.17 billion), Singapore (THB 53.13 billion), and Vietnam (THB 36.26 billion). Important cross-border export items include fresh durians valued at THB 67.60 billion, hard disk drives worth THB 40.95 billion, and rubber rods THB 19.50 billion.
An increase in border and cross-border trade was proof that the government’s policies were effective, Wacharonke stressed, adding that relevant agencies will hold activities to promote border and cross-border trade in Songkhla province from August 15-18, including exhibition of products, online business matching and seminars to create awareness among entrepreneurs.
- Read More
Sales of Samsung's 4 major Vietnam plants up in H1, but profits fall
Four Vietnamese subsidiaries of South Korean giant Samsung Electronics reported combined revenues of KRW42,017.3 billion ($31.38 billion) in the first half of 2024, up 8.6% year-on-year, but post-tax profits decreased 2% to KRW2,939.7 billion ($2.2 billion).
Companies - Mon, September 9, 2024 | 8:07 am GMT+7
Super typhoon Yagi, floods cause at least 21 deaths in northern Vietnam
Yagi that made landfall in northern Vietnam on Saturday and floods after the super typhoon have claimed at least 21 lives and left nearly 230 others injured.
Society - Sun, September 8, 2024 | 9:35 pm GMT+7
Vietnam real estate sector may start revival in H2, continue through 2026: broker
Vietnam’s real estate market could start recovering in the second half of this year and continue to revive until 2026, driven by new real estate laws and lower mortgage rates, says a report by Shinhan Securities Vietnam.
Real Estate - Sun, September 8, 2024 | 7:40 pm GMT+7
Vietnam’s 2024 credit growth target of 15% attainable: official
The State Bank of Vietnam (SBV), the country's central bank, is confident in achieving the credit growth target of 15% this year despite a sluggish start, SBV Deputy Governor Dao Minh Tu said, citing a more optimistic economic outlook.
Banking - Sun, September 8, 2024 | 4:20 pm GMT+7
Singapore firm to deploy $80 mln freeze-dried instant coffee project in central Vietnam
Future Enterprises Pte. Ltd, a subsidiary of Singapore-based Food Empire Holdings Group, has been licensed to build a freeze-dried instant coffee plant with an annual capacity of 5,400 tons in the central province of Binh Dinh.
Industries - Sun, September 8, 2024 | 1:33 pm GMT+7
Vietnam art market dominated by Vietnamese buyers a collector’s dream come true
Ten years after I wrote an article titled "Playing and buying paintings," the Vietnamese art market has evolved significantly.
Travel - Sun, September 8, 2024 | 11:04 am GMT+7
Vietnam outbound investment shrinks 64.6% to $147 mln in Jan-Aug
Outbound investment by Vietnamese companies dropped 64.6% year-on-year to $147.3 million in the first eight months of this year, according to government data.
Industries - Sun, September 8, 2024 | 9:58 am GMT+7
Super typhoon Yagi kills at least 8 in northern Vietnam
Super typhoon Yagi has claimed at least eight lives and left nearly 200 others injured after making landfall in northern Vietnam on Saturday.
Society - Sun, September 8, 2024 | 9:47 am GMT+7
Vietnamese SMEs can make products with global appeal: Amazon exec
Made-in-Vietnam products that appeal to global consumers can come from small and medium-sized enterprises (SMEs), not necessarily large companies, says Natalie Thuan Ngo, head of business development, Amazon Global Selling Vietnam.
Economy - Sun, September 8, 2024 | 7:55 am GMT+7
Super typhoon Yagi devastates Hanoi
Typhoon Yagi made landfall in Hanoi on Saturday evening, bringing powerful winds of 89-102 km per hour and heavy rainfall. The storm caused widespread flooding and downed numerous trees.
Southeast Asia - Sat, September 7, 2024 | 10:17 pm GMT+7
Vietnam finance ministry urged to seek $4 bln of bonds for strategic infrastructure development
The Vietnamese Ministry of Finance has been requested to mobilize another VND100 trillion ($4.06 billion) worth of bonds for strategic infrastructure development.
Economy - Sat, September 7, 2024 | 7:14 pm GMT+7
FTSE Russell adds three Vietnam tickers to flagship index
Global index provider FTSE Russell has added three Vietnamese stocks to its FTSE Vietnam Index, the underlying index of the FTSE Vietnam ETF.
Finance - Sat, September 7, 2024 | 5:08 pm GMT+7
PV Gas launches first LNG train on south-north railway route
PV Gas officially inaugurated its first liquefied natural gas (LNG) train shipment from the south to the north of the country on Friday, marking a milestone in Vietnam’s gas industry.
Companies - Sat, September 7, 2024 | 1:48 pm GMT+7
Vietnam's Jan-Aug CPI up 4.04%
Vietnam's consumer price index (CPI), an indicator of inflation, went up 4.04% year-on-year in the first eight months of this year, remaining unchanged in the last two months (July and August).
Economy - Sat, September 7, 2024 | 1:37 pm GMT+7
Vietnam state-run airport developer ACV has new chairman
Vu The Phiet, CEO of state-controlled Airports Corporation of Vietnam (ACV), has been named chair of the company - the operator of 22 airports across the country.
Companies - Sat, September 7, 2024 | 12:07 pm GMT+7
Super typhoon Yagi: Flash floods and landslides warnings issued for some northern Vietnam provinces
Northern Vietnam will experience heavy rainfall, with some localities receiving exceptionally heavy precipitation, from Saturday through Monday morning due to the super typhoon Yagi, according to the National Center for Hydro-Meteorological Forecasting.
Society - Sat, September 7, 2024 | 11:50 am GMT+7