Illustrative image (Source: AFP/VNA) Bangkok (VNA) – The Thai government has pledged to give new measures to spur exports and promote investment either later this month or early next month. Local media on August 19 quoted Kobsak Pootrakool, deputy secretary-general for political affairs to Prime Minister Prayut Chan-o-cha, as saying that the next meeting of the economic ministers will focus on measures to promote exports and investment. The government aims to stimulate exports to grow by 3 percent in the second half of this year, with next year’s growth set at 3.5 percent, he said. But, he said that the entire year’s export figures are highly likely to decline. Thailand’s exports dropped for the fourth straight month in June, attributed to weak global demand because of the global economic slowdown, ongoing trade tensions between the US and China, and lower oil prices. The Commerce Ministry reported that customs-cleared outbound shipments remained in the red, down 2.2 percent year-on-year in June to 21.4 billion USD after contracting by 5.8 percent in May, 2.6 percent in April and 4.9 percent in March. Exports to most markets continued to ebb, with shipments to China falling 14.9 percent in June from a year earlier,… Read full this story
- In Thailand, You Can Ride an Elephant. But Should You?
- Cosmetics Export Certificate FAQs
- Thailand plans $10 billion economic boost to hit 3% growth
- US man could face death penalty in Thailand over ‘floating home’
- Ethiopia backs Africa Hotel Investment Forum (AHIF)
- Oregon House Passes Historic Cannabis Export Measure
- Stonehenge Capital promotes Whitney LaNasa to Managing Director
- Why Employees Are an Entrepreneur's Best Investment
- How is Brown investing in sustainability?
- Supporting Document for Recommended Maximum Lead Level in Cosmetic Lip Products and Externally Applied Cosmetics
Thailand to apply measures to promote exports, investment have 296 words, post on en.vietnamplus.vn at August 19, 2019. This is cached page on VietNam Breaking News. If you want remove this page, please contact us.