Bangkok (VNA) - An influx of cheap imports fromChina is posing a sꦦerious threat to Thai manufacturers, according to Thai KasikornResearch Centre (KResearch).
Last year, Thailand imported consumer products worth 469.5billion THB (13 billion USD) from China – up 2.8% year-on-year, which accountedfor 41% of all imports of consumer products, KResearch said, citing statisticsfrom the Commerce Ministry. Electrical appliances made up 43.3% of products importedfrom China, higher than other products that comprised fresh and processedfruits (10%), clothes and shoes (9.3%), furniture and home decorations (9.1%),and kitchenware (9%). According to a Kresearch study, the Chinese imports haveheightened the competition with domestic products, especially in segments whereChinese products are significantly cheaper because of lower production costs,including shoes, bags, vegetables and fruits.
The centre also found that Thai manufacturers have graduallyreduced production capacity in the non-food sector that is heavily competingagainst Chinese counterparts, such as apparels and furniture, which are nowusing only around 30-45% of their capacity.
The retail industry is forecast to expand by 3% this year to approximately4.1 tril♏lion THB. The expansion will be driven mainly by spending by foreigntourists, while the price mechanism will prompt around 60% of retail operatorsto▨ adjust their price up in the next three months, it said.
Earlier this week, the Thai Commerce Ministry announced that itwas considering measures to combat the influx of cheaper products from overseas, include expanding the list of productslegally required to have Thai Industrial Standard certificates and revising thetax break on imported products worth under 1,500 THB (41 USD) sold on online platforms./.
The Thai Government on February 14 approved a scheme to offer visitors up to 500,000 THB (14,000 USD) in medical coverage in case of accidents and pay compensation of up to 1 million THB in case of death.
Thailand’s Revenue Department is developing a data analytics system to facilitate entrepreneurs to integrate into the tax payment system and fight against falsified tax invoices, the Director-General of the Revenue Department, Kulaya Tantitemit has said.
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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.
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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.
