Thai Chamber of Commerce unveils new strategy to foster growth

A four-pronged approach has been designed to build business confidence, expand trade opportunities, and enhance Thailand's competitiveness on the international stage.

Bangkok (VNA) - The Thai Chamber of Commerce has unveiled its new strategic policy, "Unlocking New Growth", aimed at fortifying Thailand's economic resilience and fostering sustainable development in the face of mounting global challenges.

Poj Aramwattananont, its newly-appointed chairman, outlined a four-pronged approach designed to build business confidence, expand trade opportunities, and enhance the country's competitiveness on the international stage.

He underscored the necessity for collaborative efforts across all sectors to navigate the complexities of 2025, a year marked by economic, social, and geopolitical uncertainties.

The strategy centres on four key pillars, namely strengthening global trade & investment, driving business transformation & sustainability, talent development & ecosystem building, and empowering small and medium-sized enterprises (SMEs) & public-private partnerships.

Poj stressed the vital role of the chamber’s extensive network, including provincial chambers, trade associations, foreign chambers, and the University of the Thai Chamber of Commerce, in driving economic growth.

He also pledged to engage young talent, particularly through the Young Entrepreneurs Chamber (YEC), and to enhance the chamber’s role as a think tank and business enabler./.

VNA

See more

US President Donald Trump signs reciprocal tariff executive orders at the White House on April 2, 2025 (Photo: Xinhua/VNA)

Thailand to negotiate with US on tariffs

Thailand is on the list of 15 countries that could be affected by Trump’s tariff policy. The average US tariff on Thai imports is 2% while Thailand levies an average tariff of 8% on US products

More than two-thirds of the respondents in the AmCham survey flag potential reciprocal tariffs on countries taxing US imports as the biggest concern for their business. (Photo: The Straits Times)

New US tariffs may hurt Singapore companies: survey

A flash survey by the American Chamber of Commerce (AmCham) in Singapore showed that more than two-thirds of the 36 respondents polled flagged potential reciprocal tariffs on countries that tax US imports as the biggest concern for their business – compared to existing trade measures.

US President Donald Trump announces new reciprocal tariffs at the White House on April 2. (Photo: Reuters/VNA)

US tariffs putting pressure on both US and ASEAN

The most immediate impact of Trump’s tariffs will be inflation, both in the US and worldwide. As import costs rise, businesses will pass these costs onto consumers, driving up prices, said Professor Phar Kim Beng of ASEAN Studies at the International Islamic University of Malaysia (IIUM).

General Khamtay Siphandone, former President of the Lao People’s Revolutionary Party (LPRP) Central Committee, former President of Laos and senior revolutionary of the LPRP. (Source: VNA)

Former Lao President Khamtay Siphanone passes away

General Khamtay Siphandone, former President of the Lao People’s Revolutionary Party (LPRP) Central Committee, former President of Laos and senior revolutionary of the LPRP, passed away at 10:30am on April 2 at the age of 102.

Rescue teams search for victims after the earthquake in Mandalay, Myanmar, on March 31, 2025. (Photo: Xinhua/VNA)

Myanmar earthquake: Relief efforts face major challenges

The 7.7-magnitude earthquake has caused widespread destruction in central Myanmar, displacing tens of thousands. The situation has been further complicated by ongoing conflicts, particularly in the Sagaing region, making it extremely difficult to deliver aid to affected areas.

At the explosion site (Photo: Facebook/Anwar Ibrahim)

Malaysia investigates gas pipeline explosion

The incident destroyed 78 houses and 10 shop lots, while also damaging 237 other houses and numerous vehicles. An estimated 364 people were affected, including 63 injured.

Prime Minister Paetongtarn Shinawatra listens to a briefing by a team of Israeli rescuers who are part of an international contingent working at the collapsed building site in Bangkok. (Photo: Bangkok Post)

Thailand works to restore global trust after Myanmar quake

Prime Minister Paetongtarn Shinawatra underscored Thailand's commitment to restoring its image and ensuring public confidence, noting that a thorough investigation into the project's approval, design and construction materials is underway.

Thailand speeds up investigation into Bangkok building collapse

Thailand speeds up investigation into Bangkok building collapse

The SAO building, valued at 2.1 billion THB (61.4 million USD), had been under construction for approximately five years and was nearing completion. It was the only building in Bangkok to collapse as a result of the powerful earthquake in Myanmar.

Delegates at the event (Photo: kpl.gov.la)

Laos aims for sustainable infrastructure development

Laos' Enabling Environment Roadmap for Infrastructure Asset Management (IAM EE) outlines strategies for the effective management of public infrastructure, including roads, schools, and hospitals, with a focus on resilience, inclusivity, and sustainability.

Strong earthquake strikes eastern Indonesia (Photo: scienceexchange.caltech.edu)

Strong earthquake strikes eastern Indonesia

A 6.0-magnitude earthquake occurred at 5:15 pm, with its epicenter located 93 km northeast of Indonesia's Maluku Barat Daya district and a hypocenter at a depth of 157 km beneath the seabed. No tsunami warning has been issued.