Illustrative image (Photo: nation thailand .com) Bangkok (VNA) - Thailand's domestic car and motorcycle sales may suffer the brunt if Thai financial institutions are affected by the risk of bank failures in the US and Europe, according to the Federation of Thai Industries (FTI). The concern was raised after US and European banking executives and regulators stepped in to save California-based Silicon Valley Bank, New York-based Signature Bank and 167-year-old Credit Suisse in Switzerland from potential crisis. Surapong Paisitpatanapong, FTI Vice Chairman, said that if the financial turbulence cannot be contained, the global financial system will be affected, which may eventually have a negative impact on Thai banks and non-banks that grant loans to car and motorcycle buyers. The FTI is closely monitoring whether global financial institutions will face an impact, he said. The FTI’s Automotive Industry Club predicted that if the Thai auto industry is not … [Read more...] about Thailand’s car, motorcycle sales may be affected by bank failure risk
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Visa upgrade at heart of fresh approach to tourism
Visas, service quality, and technology were all part of discussions on a better-performing tourism sector Photo: Cuong Minh May’s National Assembly session is likely to help push ahead a revamp of the country’s rules on entry and exit for foreign visitors, after the Ministry of Public Security crafts amendments to the current law. The development will be an important basis for the issuance of new regulations related to the visa policy, removing difficulties for the tourism industry, and creating conditions to attract more international visitors this year, according to most observers. Dang Tuan Viet, deputy director of the Ministry of Public Secrutity’s (MoPS) Vietnam Immigration Department, said that the proposal emphasised two major areas related to unilateral visa exemption and electronic visa policy. The MoPS also proposes to expand the number of countries that can issue e-visas from 80 countries to the maximum. The MoPS will also ask to increase the temporary stay … [Read more...] about Visa upgrade at heart of fresh approach to tourism
Music show connects OVs in Czech Republic
At the music show (Photo: VNA) Hanoi (VNA) – The Vietnamese Embassy and the Vietnamese Association in the Czech Republic co-organised a music show entitled "Homeland's Melody" in Prague on March 26, attracting crowds of Overseas Vietnamese (OVs) in the country. Twenty artists from the People's Public Security Theatre of the Ministry of Public Security brought the Vietnamese community in the European nation diverse performances from songs, dances to short plays imbued with national identity. According to Major General Nguyen Cong Bay, head of the art troupe, the artists have trained hard for a long time to serve the Vietnamese community in Europe. Previously, in a meeting with members of the art troupe , Ambassador Thai Xuan Dung said the programme helps spread the artistic spirit among the Vietnamese community in the Czech Republic, who have actively held many active activities to strongly promote cultural and artistic exchange in not only the Czech Republic but … [Read more...] about Music show connects OVs in Czech Republic
Thailand intensifies measures to fight drug influx
Thailand intensifies measures to fight drug influx (Photo: VNA) Bangkok (VNA) – The Thai army has tightened security along the northern border following reports of greater quantities and varieties of illegal drug s flowing into the country from Myanmar. He added that narcotics production is now faster and cheaper, which makes the product more accessible, especially via online dark web sales. As many as 29 districts, covering provinces in the northern and northeastern regions, have reported recent drug smuggling activity. The Office of the Narcotics Control Board (ONCB) has laid charges in 219 narcotics cases since October, with 233 suspects arrested and nearly 432 million THB (nearly 13 million USD) worth of properties seized along the way, he said. Last year, 362,888,336 pills of methamphetamine or ya ba were seized along the northern border as well as 5,418 kg of crystal methamphetamine , or ya ice, and 252kg of heroin , he noted./. VNA … [Read more...] about Thailand intensifies measures to fight drug influx