The 2023 outlook was unchanged from a forecast in December, and compared with 4.1% growth predicted in September. The World Bank projects economic growth of 3.7% in 2024. Foreign tourist arrivals to Thailand are expected to rise to 27 million this year and "surpass the pre-pandemic level by 2024", the World Bank said in a report. The Southeast Asian country received 11.15 million foreign tourists last year, compared with nearly 40 million in pre-pandemic 2019. While investment would continue to expand, goods exports in dollar terms were expected to contract by 1.8% this year due to the global slowdown, the World Bank said. "Thailand's economic recovery continued to lag" that of Southeast Asian countries as falling exports have clouded the outlook, with domestic price pressures and elevated household debt posing downside risks, the bank said. "Political uncertainty remains regarding the timeline of general elections and government formation," it said. Thailand's … [Read more...] about World Bank maintains Thailand’s 2023 growth outlook at 3.6%
Thailand jobs for foreigners
Prime Minister to attend fourth Mekong River Commission Summit in Laos
Prime Minister Pham Minh Chinh (Photo: VNA) Hanoi (VNA) - Prime Minister Pham Minh Chinh will attend the fourth Mekong River Commission (MRC) Summit in Vientiane, Laos, on April 5, according to the Foreign Ministry's communique. His attendance is made at the invitation of the Lao Prime Minister Sonexay Siphandone . Laos will host the fourth MRC Summit and its International Conference in the capital from April 2-5. The MRC International Conference, which attracts global and regional experts in the fields of water and related resources, energy, food, transport, transboundary rivers, river basin management, governance and development, will discuss the latest knowledge and innovative solutions to issues facing the Mekong and other river basins. The MRC, an intergovernmental organisation established in 1995 following the Mekong Agreement among Cambodia, Laos, Thailand, and Vietnam, serves as a regional platform for Mekong-related cooperation and knowledge sharing./. VNA … [Read more...] about Prime Minister to attend fourth Mekong River Commission Summit in Laos
Kinks to iron out to prepare for British involvement in trans-pacific agreement
Minister of Industry and Trade Nguyen Hong Dien said that Vietnam will continue its coordination with other nations involved in the wide-reaching agreement (CPTPP) to soon round off negotiations on the UK’s accession to the trade deal. Kinks to iron out to prepare for British involvement in trans-pacific agreement, illustration photo/ Source: VNA “Vietnam reaffirms its strong support for the UK to join the CPTPP which, in addition to the positive impacts of the UK-Vietnam Free Trade Agreement (UKVFTA), will help both nations to further increase their trade and investment ties. The UK’s participation in the deal will also bring about wonderful trade opportunities for each member,” Dien said. The CPTPP, established in 2018, includes Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. Brunei is the sole member yet to see the agreement come into force. The trade area represents 13.5 per cent of the global economy, a total … [Read more...] about Kinks to iron out to prepare for British involvement in trans-pacific agreement
PM to attend Mekong River Commission Summit in Laos
Prime Minister Pham Minh Chinh will attend the fourth Mekong River Commission (MRC) Summit in Vientiane, Laos, on April 5, 2023, says the Ministry of Foreign Affairs. Vietnamese Prime Minister Pham Minh Chinh. PM Chinh will participate in the summit’s activities at the invitation of Lao Prime Minister Sonexay Siphandone, the ministry said in its press communique released on March 30. The MRC Summit is the highest level political event in the MRC calendar that takes place every four years. It gathers the heads of governments of the four member countries (Vietnam, Thailand, Cambodia and Laos) and political leaders from dialogue partners and development partners to review Mekong cooperation and provide strategic directions. Ahead of the summit is the MRC International Conference, which attracts a range of global and regional experts in the fields of water and related resources, transboundary rivers, river basin management, governance and development to … [Read more...] about PM to attend Mekong River Commission Summit in Laos
Artist’s paintings honor the humble banh mi
He portrays street vendors selling the humble but ubiquitous baguette that can be found at every street corner in large-sized works even as the country’s first banh mi festival begins on March 30 at the Youth Cultural House in HCMC’s District 1. The festival, which has 120 pavilions set up by restaurants, bakeries and domestic and foreign suppliers, is organized by the Vietnam Tourism Association and the HCMC Department of Tourism. Along with the traditional banh mi, other types of breads such as banh mi que (breadsticks) and French baguettes are also showcased. Free loaves of banh mi being delivered to the poor during the Covid social distancing campaign in 2021. A man delivers free banh mi to people during the pandemic as tens of thousands of people lost their jobs and had their incomes reduced due to lockdowns. Many stories have become sad memories for the artist. One rainy … [Read more...] about Artist’s paintings honor the humble banh mi
Meta on prowl for digital openings
What have been the key highlights in the discussions between Meta and Vietnamese government officials? Rafael Frankel, director of Public Policy in Southeast and South Asia for Meta In my conversations with different government agencies, it’s apparent digital innovation is a key concern across ministries and agencies. The government is proactively asking Meta to share our international experience as chair of the digital economy committee of the American Chamber of Commerce in Vietnam. We also lead the digital economy taskforce with Vietnam’s Ministry of Information and Communications, as well as the US-ASEAN Business Council. More specifically, we have partnered with various government agencies in initiatives such as the Vietnam Innovation Challenge with the Ministry of Planning and Investment (MPI), with the Vietnam Government Portal on post-pandemic economic recovery, and training with the Ministry of Foreign Affairs. For the digital economy landscape, we also … [Read more...] about Meta on prowl for digital openings