Thailand pins hope on tourism resumption to promote economic growth
Reopening the tourism industry to vaccinated foreigners from November will help drive GDP growth and sustain business confidence of Thailand, according to the Federation of Thai Industries (FTI).
Bangkok (VNA) - Reopeningthe tourism industry to vaccinated foreigners from November will help drive GDPgrowth and sustain business confidence of Thailand, according to the Federationof Thai Industries (FTI).
Thai Prime Minister Prayut Chan-o-cha onOctober 11 stressed that Thailand should not lose the "golden time" toearn revenue during the end of the year, insisting the reopening date will beon November 1.
Revenue from tourism, which makes up 10 percentof Thailand’s GDP, is a quick way to boost the domestic economy, said the FTI. The federation expects foreign arrivals would helpThailand reach its GDP growth target of 0 - 1 percent this year.
Local mediaon October 13 quoted FTI Chairman Supant Mongkolsuthree as saying that Thailand must learn to live with COVID-19 and let everythingrun by itself.
It is time for Thailand to bring back bustlingbusiness activities, while maintaining necessary measures against the pandemic,he said.
Chairman of the Thai Chamber of Commerce (TCC) Sanan Angubolkulsaid the agency supports the government’s plan to fully re-open to vaccinated tourists from countriesdeemed low risk from November 1, saying the decision isa good sign for the country’s economy./.
Thailand's plan to attract 1 million quality tourists by the first quarter of next year is to serve as a key blueprint to drive the economic recovery after almost two years of being hit by COVID-19, reported Bangkok Post newspaper.
Thailand’s Tourism and Sports Minister Phiphat Ratchakitprakarn said his ministry plans to implement travel bubbles this year along borders such as Trat province and Cambodia’s Koh Kong province.
Thailand's fruit export between January and August this year generated 169 billion THB (about 5 billion USD), an increase of 46 percent year-on-year, according to the Thai Ministry of Commerce.
Five more tourist destinations in Thailand will be opened to visitors starting November 1 on the condition that there is no new large COVID-19 cluster in the areas until then.
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The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
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Illustrative image (Photo: //edition.cnn.com/) 
