Thailand's economy in May improved from the previous month as tourism gathered momentum and private consumption increased while exports remained weak, according to the central bank.
Thailand's economy in May improves from the previous month mostly thanks to tourism and private consumption. (Photo: AFP/VNA)
Bangkok (VNA) - Thailand's economy in May improved from theprevious month as tourism gathered momentum and private consumption increasedwhile exports remained weak, according to the central bank.
The Bank of Thailand (BOT) expects economic growth at 3.6% this yearand 3.8% next year, with the tourismsector a key driver, BOT said in a statement on June 30.
In May, Thailand recorded a current account deficit of 2.8 billion USD,after a revised deficit of 0.6 billion USD the previous month, it said.
Exports, a key driver of growth, dropped 5.9% year-on-yearin May, from a 4.9% year-on-year drop the previous month.
Southeast Asia's second-largest economy expanded by amore than expected 2.7% in the first quarter from a year earlier thanks tostrong recovery of the tourism sector.
The BOT said it will closely monitor global financial market votalityas well as the formation of a new government after the May 14 general election.
꧋ Thailand’s household debt to grosss domestic product ratio stood at90.6% in the first quarter ofthis year, down from 91.4% in the previousquarter, it added./.
The number of COVID-19 patients in Thailand is dropping while COVID-19 deaths are mostly those aged above 70 and unvaccinated, according to Thailand’s Public Health Ministry.
The Thai baht (THB) weakened to a seven-month low on June 28 as political uncertainty dampened investor appetite, while most other emerging Asian currencies also depreciated against a firmer dollar after resilient US data eased recession concerns.
With support of the Japan Agency for International Cooperation (JICA), Thailand’s Bangkok Metropolitan Administration (BMA) has launched an automatic traffic-management system on four city roads in a pilot project aimed at boosting vehicle flow along the routes.
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.
Thailand's economy in May improves from the previous month mostly thanks to tourism and private consumption. (Photo: AFP/VNA) 
