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Thai and Chinese tourism firms are now collaborating to issue tourism promotion campaigns to attract Chinese travelers to Thailand.

Bolstered by the government’s stimulus measures, Thailand's consumer spending is predicted to hit a 17-year high, reaching 103.04 billion THB (2.9 billion USD).

Thailand’s consumer confidence rose 47.9 points in November, hitting a 20-month high and marking a rise for six straight months, thanks to improved economic performance, an increasing number of foreign visitors and declined petroleum prices.

Thailand has set up war rooms staffed by senior officials of the Ministry of Commerce and representatives from private organisations to spur exports, tackle obstacles to trade, and curb the negative impact of a global economic slowdown in 2023.

Thai businesses have set their sights on expanding trade and investment in Cambodia, especially in processed food, agriculture, tourism, renewable energy, plastic, and gems and jewellery.

The Thai Chamber of Commerce (TCC) has emphasised the need for more migrant workers in various sectors to help the Thai economy recover from the pandemic.

Scholarships were presented to children orphaned by COVID-19 in Ho Chi Minh City on June 2 on the occasion of the International Children’s Day (June 1) and the birthday of the Queen of Thailand, Suthida Bajrasudhabimalalakshana (June 3).

The prospect for Thailand's food export is promising, with exports forecast to grow by 8.4 percent this year driven by higher global demand and a rise in the prices of commodities, energy and logistics.

The business sector in Thailand is urging the government to reinstate the Test & Go quarantine exemption scheme to attract more tourists, as continued suspension of this program would spell significant economic loss.

The Thai Chamber of Commerce (TCC) has warned that Thailand risks long-term economic and social effects if the Government imposes another blockade due to the spread of the Omicron variant.

A recovery in the global investment flow will open up a bright future for Vietnam’s investment attraction, according to experts.

The Government of Thailand looks to restructure the economy next year to attract foreign investors to new industries and establish a central e-commerce platform to boost online sales nationwide, local media reported.

The University of the Thai Chamber of Commerce’s chancellor, said that “Tourism Aid” will stimulate tourist spending by between 30 - 50 billion baht, to the benefit of Thailand’s economy.

The Thailand Development Research Institute (TDRI) has forcast that Thailand is likely to take up to three years to return to normal economic conditions similar to 2019.

The private sector in Thailand is calling on the government to continue easing its lockdown measures to allow other businesses, particularly those related to tourism and supply chains, to restart to curb escalating unemployment.

Thailand’s consumer confidence slumped to a 21-year low in April as the public remained worried about the poor economy, unemployment and future income because of the COVID-19 pandemic.

The COVID-19 pandemic has hit Thailand’s economy harder than any event in the last six decades, with its GDP projected to fall 4 percent and 10 million jobs to be lost, according to the University of the Thai Chamber of Commerce (UTCC).

Thailand’s private sector has lowered the country’s export forecast to a 1.8 percent contraction this year due to the slowing world economy, widespread domestic drought and the deadly virus outbreak.

Thailand’s Commerce Ministry has planned to establish a war room to respond to economic challenges in the country.

Thailand's public and private sectors, in cooperation with the Department of International Trade Promotion, the Thai Chamber of Commerce and Koelnmesse Company Limited of Germany, are organizing the annual THAIFEX - World of Food Asia, which opened on May 28.