Ringgit exchange rate to thai baht

Jakarta (VNA) – The Indonesian Chamber of Commerce and Industry (KADIN) has called for the adoption of the ASEAN Quick Response (QR) Code by all ASEAN countries at the ASEAN Business Advisory Council (BAC) meeting. The transactions carried out via ASEAN QR Code will use local currencies, KADIN Chaiman Arsjad Rasjid said after chairing the ASEAN-BAC meeting in Magelang district, Central Java of Indonesia, on March 22. He said that if a transaction is conducted in Indonesia, it will use the rupiah. Likewise, if it is conducted in Thailand, it will use the Thai baht, and so on, he explained. The QR code adoption will also reduce the cost of transactions, thus it can be the key for micro, small, and medium enterprises (MSMEs) and bigger business players in ASEAN to collaborate, he said. The ASEAN QR Code is one of the comprehensive legacy programs promoted by KADIN as a solution to strengthen digital transformation in ASEAN, which is one of the five ASEAN-BAC priority … [Read more...] about Indonesia hastens ASEAN’s adoption of regional QR Code

A street in Bangkok capital of Thailand. (Photo: AP) Bangkok (VNA) - Election campaigns are forecast to generate up to 120 billion THB (3.5 billion USD) for the economy of Thailand, said the Centre for Economic and Business Forecasting at the University of the Thai Chamber of Commerce . The centre’s director Thanawat Polvichai said political parties are going into full gear with campaigning for votes after the election date was set for May 14 by the Election Commission. The 120 billion THB generated while campaigning will push Thailand ’s GDP up by 4% in the second quarter, he said, adding that the Thai economy is expected to grow by 3-4% this year. However, rising production costs and inflation can affect the business sector’s profits and liquidity though the economy is believed to pick up in the second half of this year, according to Thanawat./. VNA … [Read more...] about Election campaigns may create 3.5 billion USD for Thai economy

The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs after the recent collapse of two U.S. banks. Fed Chair Jerome Powell sought to reassure investors about the soundness of the banking system, saying that the management of Silicon Valley Bank "failed badly," but that the bank's collapse did not indicate wider weaknesses in the banking system. "These are not weaknesses that are running broadly through the banking system," he said, adding that the takeover of Credit Suisse seemed to have been a positive outcome. The Federal Open Market Committee policy statement also said the U.S. banking system is "sound and resilient." Even so, Wall Street ended sharply lower after Powell told a news conference that officials were still intent on fighting inflation while also eying the extent to which recent bank failures had cooled demand and slowed lending. The … [Read more...] about U.S. Fed delivers small rate hike amid global banking turmoil

Bangkok (VNA) – Thai police on March 22 announced that they had arrested 20 suspects, including five Indians and 15 Thais, for alleged involvement in a phone scam network preying on elderly Americans. According to local police, the scammers were arrested in Chon Buri, Rayong, Roi Et and Surat Thani on March 21, adding that all five of the Indian suspects were men and 11 of the 15 Thais detained were women. The police also seized 162 bank account books, 61 mobile phones, two cars, one pistol, land title deeds and other assets. The investigation dates back to last year, when US Federal Bureau of Investigation (FBI) and Secret Service agents informed Thai police that Indian cyber criminals and Thai nationals had set up a phone scam network to trick elderly people in US into transferring money to them. The fraudsters, pretending to be US law-enforcement officials, preyed on the fear of their victims by telling them that they were being investigated for alleged money … [Read more...] about Thailand arrests phone scam gang targeting elderly Americans

At the meeting on March 21, the RoK N.A. speaker noted that the relations between Vietnam and the RoK have been developing strongly, highlighting the elevation of bilateral ties to a comprehensive strategic partnership in December 2022. He stressed that during his meetings with key leaders of the Vietnamese Party, Government and National Assembly during his visit to Vietnam last January, he noticed that both sides have been aware of the great potential of bilateral cooperation. Kim extended an invitation to N.A. Chairman Vuong Dinh Hue and legislators of Vietnam to attend a forum for ASEAN and Korean leaders, slated for June in the RoK’s Jeju Island. For his part, Hai affirmed that Vietnam attaches importance to the relations with the RoK and suggested the two sides maintain all-level delegation exchanges and meetings, saying coordination and sharing of views on the bilateral cooperation as well as the regional and international situation would help deepen relations between their … [Read more...] about N.A. Vice Chairman visits RoK, meets host leaders

According to the city’s businesses, more Chinese tourist groups will arrive in the city this month and April will be the peak time marking the return of Chinese tourists to Vietnam. On the contrary, the number of Vietnamese tourists booking tours to China will also increase, helping to stimulate demand in the tourism markets of the two countries in the coming time. The forecast is based on the huge tourism demand of Chinese tourists after about three years of disruption due to the COVID-19 pandemic and Vietnam being one of the Chinese tourists’ favorite destinations. In addition, Vietnamese businesses have developed high-quality and oriented products and services for specific tourist segments. Accompanying the business community, the city’s Department of Tourism has just coordinated with the Zhangjiajie city People's Committee in China’s Hunan province and the Vietnam Global International Travel Group Joint Stock Company to organize a tourism promotion conference in Zhangjiajie … [Read more...] about Ho Chi Minh City’s tourism shows positive signs with return of Chinese visitors

"Vietnam regrets to see that the annual human rights report of the U.S. State Department for 2022 has made comments that lack objectivity, and are based on inaccurate information, about Vietnam’s situation," said deputy spokeswoman of the Ministry of Foreign Affairs Pham Thu Hang in response to the document. The 2022 Country Reports on Human Rights Practices, released by the U.S. State Department on Monday, mentioned Vietnam. Hang said Vietnam’s consistent stance is to protect and bolster human rights. "Fundamental human rights are recognized in Vietnam’s Constitution, and they are protected and promoted by both legal documents and actual practices," she said. Hang added that humans are the central driver of the country’s innovation and development, which only strives to better people’s lives. "Vietnam is always willing to exchange ideas directly and openly, in the spirit of cooperation, with the U.S. on issues [where the two countries] have differences, in order to promote … [Read more...] about ​Vietnam calls US human rights report subjective

Anna and Vicenzo have been learning Vietnamese for a while. The university where they study Vietnamese as a second language is well-known in Italy for providing students with knowledge about Vietnamese history, culture, economy, geopolitics, art, and culture. The most difficult thing for students is that Vietnamese has many tones, according to Le Thi Bich Huong, a teacher of the Vietnamese language at the university. She has employed music and Vietnam ese musical instruments to help the students learn the language more easily. This year marks the 50 th anniversary of Vietnam-Italy diplomatic relations. In addition to accomplishments in economics and politics, bilateral cooperation in other fields such as culture, education, and people-to-people exchanges have actively contributed to greater mutual understanding. The Vietnamese Embassy in Italy will organise more cultural and diplomatic activities to promote people-to-people exchanges and encourage the teaching and … [Read more...] about Italian students love the Vietnamese language

The Vietnam News Agency (VNA) and the National Associated Press Agency of Italy (ANSA) sign a professional cooperation agreement at an online ceremony held in Hanoi on February 20. (Photo: VNA) Hanoi (VNA) - Italian Ambassador to Vietnam Antonio Alessandro cited Italian President Sergio Mattarella's words as saying that the relationship between the two countries “strongly rooted in history” while granting an interview to the Vietnam News Agency (VNA) on the occasion of the 50th founding anniversary of bilateral diplomatic ties (March 23, 1973 - 2023). The following is the full text of the interview. Reporter: How do you evaluate the relations between Vietnam and Italy since the establishment of the bilateral diplomatic ties 50 years ago, especially since the upgrading of the relationship to a strategic partnership in January 2013? Ambassador Antonio Alessandro : I would use the words of the President of the Italian Republic Sergio Mattarella, who has just released a … [Read more...] about Italy – Vietnam relationship “strongly rooted in history”: Ambassador

Car production plant in Chon Buri province of Thailand. (Photo: bangkokpost.com) Bangkok (VNA) - Automobile production in Thailand rose 6.39% in February from a year earlier to 165,612 units, as a shortage of microchips eased and export increased, the Federation of Thai Industries (FTI) reported. Spokesperson for FTI’s automotive industry division Surapong Paisitpattanapong said export climbed 11.42% in February from a year earlier, after January’s 24.28% rise. Domestic sales, however, dropped 3.94% in February from a year earlier, after January’s 5.58% fall, due to an unexpected sharp decrease in truck sales, he said. In January, automobile production rose 4.02% year-on-year. Thailand is a regional vehicle production and export base for some of the world’s top carmakers, including Toyota and Honda./. VNA … [Read more...] about Thailand’s automobile production up 6.39% in Feb