World

Thailand maintains 2023 growth outlook at 3.8%

A rebound in tourism and domestic demand are factors that make Thailand maintain its economic growth outlook for 2023 at 3.8%, according to the Ministry of Finance.
Thailand maintains 2023 growth outlook at 3.8% ảnh 1Fruits are sold at a shopping mall in Thailand's Bangkok, (Photo: VNA)

Bangkok (VNA) – A rebound in tourism anddomestic demand are factors that make Thailand maintain its economic growthoutlook for 2023 at 3.8%, according to the Ministry of Finance.

Speaking at a briefing on January 27, head of theministry’s fiscal police office Pornchai Thiraveja said that Southeast Asia’ssecond-largest economy expanded by 3.0% in 2022, lower than a previous forecast of 3.4% as its exports,public investment, and private consumption slowed down.

In 2021, Thailand’s gross domestic product (GDP) grew by1.5%, among the lowest rate in the region.

The figure for last year is expected to be released nextmonth.

Tourism is an important industry that greatly contributed tothe country’s GDP growth with 11.15 million foreign arrivals visiting Thailand lastyear.

Pornchai said that the country expects to welcome 27.5million foreign visitors this year, up from 21.5 million projected earlier,thanks to China’s reopening.

In 2019, Thailand attracted nearly 40 million foreignvisitors who spent 1.91 trillion baht (58.14 billion USD ) in the country./.

VNA
#Vietnam Plus #Vietnam News Agency #Thailand #growth #tourism Thailand
Follow VietnamPlus

Related News

See more

Illustrative image (Photo: thevibes.com)

Malaysia leads Southeast Asia in global investment appeal

The latest 2026 Global Opportunity Index (GOI) report by the Milken Institute ranked Malaysia 23rd globally, the highest among developing Southeast Asian economies, underpinned by strong institutional quality and solid economic fundamentals.

YouTube logo on a cellphone (Photo: ANTARA)

Indonesia warns Google over non-compliance with child protection rules

According to the results of an inspection conducted on April 7, YouTube has not fully fulfilled its obligations under Indonesian Government Regulation No. 17/2025 (PP Tunas), which took effect on March 28 and requires digital platforms to implement strict governance measures to protect underage users. The platform has also shown no indication of complying with the rules in the near future.

The Strait of Hormuz is the world's most important oil transit choke-point. (Photo: Reuters)

Malaysia reliant on Hormuz Strait for oil supply

Data from the Malaysian Finance Ministry shows that domestic oil consumption stands at about 700,000 barrels per day, nearly double Malaysia’s crude oil production of around 350,000 barrels daily.

President of the Olympic Council of Malaysia (OCM) Mohamad Norza Zakaria speaks to media (Photo: Bernama)

Malaysia to tighten doping controls at 2027 SEA Games

The adoption of the World Anti-Doping Code aims to ensure that the 2027 SEA Games fully comply with the World Anti-Doping Agency (WADA) standards, thereby enhancing the transparency and international standing of the Games.

Vietnamese Ambassador to Austria Vu Le Thai Hoang (Photo: VNA)

ASEAN, GRULAC strengthen multilateral cooperation

Vietnamese Ambassador to Austria Vu Le Thai Hoang emphasised the value of the dialogue mechanism in fostering coordination among developing countries, while highlighting the need to enhance transparency and improve the efficiency of resource allocation and utilisation across United Nations activities.

Senior officials from 11 ASEAN member states at the meeting (Photo: VNA)

ASEAN senior officials meet ahead of 48th summit

At the meeting, participants reviewed the implementation of agreed commitments and cooperation priorities, preparations for the 48th ASEAN Summit scheduled for this May, and discussed measures to strengthen unity and cooperation amid an increasingly complex and challenging global environment.

Chairman of the National Assembly Tran Thanh Man, on behalf of Party and State leaders and deputies of the 16th NA of Vietnam, presents flowers to congratulate Party General Secretary and State President To Lam on April 7. (Photo: VNA)

Regional media highlight significant step in Vietnam’s leadership structure

Under General Secretary and President Lam’s leadership, Vietnam is expected to maintain a balanced foreign policy, strengthen its regional standing and accelerate economic development, thereby improving living standards and creating new opportunities for international investors, according to the India-based platform Devdiscourse.