In February, car exports continued to fall by 8.34% year-on-year to 81,323 units. In the first two months of this year, exports plunged by 18.1% to 143,644 units.
Car producers in Thailand postpone models for export to the US. (Photo: bangkokpost.com)
Bangkok (VNA) - Car manufacturers in Thailand have decided to delay making some models for export due to US President Donald T🐈rump's new 🎀tariff policy.
Surapong Paisitpatanapong, Vice Chairman of the Federation of Thai Industries and spokesman for its Automotive Industry Club said Washington's trade policy has caused Thailand's trading partners to reduce purchases of mostly internal combustion engine-powered cars. Many countries are waiting for a clearer tariff policy from Trump.
In February, car exports continued to fall by 8.34% year-on-year to 81,323 units. In the first two months of this year, exports plunged by 18.1% to 143,644 units.
Another factor behind the dip is stricter regulations by some countries to control carbon dioxide emissions, especially in the transport sector, said Surapong.
Domestic auto sales continued to drop in February by 6.68% year-on-year to 49,313 vehicles, mainly attributed to prospective buyers' difficulties in accessing auto loans as banks and car financing companies have tightened lending criteria amid high household debt levels. For the first two months of this year, sales dropped by 9.53% to 97,395 vehicles.
The club expects the 46th Bangkok International Motor Show, running from March 26 until April 6, to help lift vehicle sales thanks to attractive sales promotions.
The club is also upbeat given the cabinet's recent approval of the establishment of a 5-billion THB (147.26 million USD) fund to drive pickup loans for small and medium-sized enterprises.
Stagnant vehicle sales have caused manufacturers to reduce production. In February, total auto manufacturing fell by 13.6% year-on-year to 115,487 units. In the first two months of this year, auto production decreased by 19.3% to 222,590 units./.
Honda Motor announced on July 9 that it will cease vehicle production at its Ayutthaya factory in Thailand by 2025 to focus on consolidating operations at the Prachin Buri plant, also in the Southeast Asian country.
The Agriculture and Cooperatives Ministry of Thailand is set to improve quality control on all export fruits after Chinese customs checkpoints were ordered to strictly check Basic Yellow 2 lab test results on durians.
With an upbeat export growth projection of about 5% this year, Thailand's Ministry of Commerce and its private sector are optimistic for a further 2-3% growth in 2025, bringing total export value to about 305 billion USD.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
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.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
