The Federation of Thai Industries (FTI) forecasted that the country’s economy, particularly exports, will be driven by high-potential industries such as agriculture, food, cars and auto parts, as well as bio- circular and green (BCG) manufacturing.
Workers operate machines at Kobuta Farm in Chonburi province (Photo: VNA)
Bangkok (VNA) – The Federation of Thai Industries (FTI) forecasted that thecountry’s economy, particularly exports, will be driven by high-potentialindustries such as agriculture, food, cars and auto parts, as well as bio-circular and green (BCG) manufacturing.
BCG,which was declared a national agenda item in 2021, aligns with global campaignsto protect the environment. Accordingly, 💙manufacturers are encouraged to adopttechnologies that add value to their products and cause minimum impact on the environment.
KriengkraiThiennukul, chairman of the FTI, said demand for products from these industrieswill continue to grow next year and the export sector is expected to benefitfrom this trend.
Thailand’sJoint Standing Committee on Commerce, Industry and Banking said the country’s GDPis forecast to grow by 2.8-3.3% next year, with exports estimated to increase by2-3% and inflation at 1.7-2.2%. The2024 economic growth projection includes the government's plan to implement a 10,000-THB digital money handout to everycitizen over 16 years old.
TheFTI expects the value of food exports to tally 1.65 trillion THB (46.3 billion USD) in 2024. Food export va🦩lue increasedby 4.6% year-on-year to 1.16 trillion TH❀B from January to September this year and itis projected at 1.55 trillion THB for the whole year.
Kriengkraisaid renewable energy development should also gain momentum next year asforeign investors demand clean energy to fuel their businesses in Thailand.
Renewableenergy is becoming more important as the world steps up efforts to 𝓰reducecarbon dioxide emissions from fossil fuels to slow down globalwarming.
According to Kriengkrai, techcompanies want 100% renewable energy as they aim to reach net-zero targets./.
Thailand’s National Broadcasting and Telecommunications Commission (NBTC) has announced plans to increase Internet connectivity for impoverished communities in Bangkok.
Thailand’s Interior Ministry has ordered provincial authorities to immediately implement preventive measures against fine particulate matte(PM2.5) now the country has entered the high-pollution risk reason.
Thailand's consumer confidence rose for a fourth straight month in November, hitting the highest level in 45 months, driven largely by the government's policies to reduce the cost of living and economic stimulus measures.
The Commerce Ministry of Thailand plans to continue operating mobile grocery stores in Bangkok and surrounding provinces to help reduce the cost of living.
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Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
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Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
Workers operate machines at Kobuta Farm in Chonburi province (Photo: VNA) 
