Thailand's previous 2023 economic growth forecast of 2.7% will be lowered after a weaker-than-expected third quarter, the country’s Deputy Finance Minister Krisada Chinavicharana said on November 27.
Thailand's Deputy Finance Minister Krisada Chinavicharana delivers the opening speech and outlines the Thai economic situation at the Bangkok Post’s CEO of the Year 2023 awards (Photo:bangkokpost.com)
Bangkok (VNA) - Thailand's previous 2023 economic growth forecast of2.7% will be lo🙈wered after a weaker-than-expected third quarter, the country’s DeputyFinance Minister Krisada Chinavicharana said on November 27.
The country's economy expanded muchslower than expected, at 1.5%, in the July-September quarter from a yearearlier, the slowest this year, due to declining exports and governmentspending. The finance ministry’s current forecasts are for 2.7 %economic growth in 2023 and 3.2 % growth in 2024. The minister said that for the next year, while theministry is aiming for economic growth of slightly higher than 3%, it will tryto push for even more with upcoming government stimulus measures. The Thai Ministry of Commerce has revealed thatthe country's exports increased for the third consecutive month in October 2023and rose 8% over the same period last year. October imports rose 10.2% year-on-year, beating a forecastrise of 6%, resulting in a trade deficit of 0.83 billion USD for the month,compared with a forecast surplus of 530 million USD. In theJanuary-October period, exports declined 2.7% from a year earlier while importsdropped 4.6% and the trade deficit stood at 6.67 billion USD. Earlier this month, Commerce Minister Phumtham Wechayachai said exports were expected to contract less than 1% this year before rising 1.99% next year./.
Thailand Volleyball Association (TVA) has an intention to invite regional countries, including Vietnam, to host the 20th edition of the FIVB Volleyball Women’s World Championship in 2025.
Thailand’s Eastern Economic Corridor (EEC) Policy Committee on November 24 approved the EEC development plan for the 2023-2027 period to attract on average of 100 billion THB (2.8 billion USD) yearly.
The Thai Ministry of Commerce will team up with over 300 manufacturers, wholesalers, retailers, and convenience stores to organise a large-scale promotional event.
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.
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.
Thailand's Deputy Finance Minister Krisada Chinavicharana delivers the opening speech and outlines the Thai economic situation at the Bangkok Post’s CEO of the Year 2023 awards (Photo:bangkokpost.com) 
