World

Thailand to spend over 1.6 billion USD boosting domestic consumption

Thailand has unveiled a three-month stimulus package worth 51 billion THB (1.63 million USD) to boost domestic consumption and support the COVID-19-hit economy.
Thailand to spend over 1.6 billion USD boosting domestic consumption ảnh 1Social distancing is practiced at a mobile phone store in Bangkok, Thailand (Photo: VNA)

Bangkok (VNA) – Thailand has unveiled athree-month stimulus package worth 51 billion THB (1.63 million USD) to boostdomestic consumption and support the COVID-19-hit economy.

The stimulus package, introduced by Thailand'sCentre for Economic Situation Administration, will cover 24 million mainlylow-income people via two schemes.

In the first scheme, 14 million welfarecardholders will receive an extra monthly discount of 500 THB from October toDecember on their shopping. The budget for this scheme is 21 billion THB.

In the second scheme, worth 30 billion THB, 10million people will get daily discounts of up to 50 THB on food, beverages andhousehold essentials, excluding alcohol, tobacco or lottery tickets. Thesubsidy is capped at 3,000 THB per person. Thai citizens aged 18 or over canregister online.

Registration is scheduled to open on October 16.

Despite the country’s relatively effectivecontainment of COVID-19, the pandemic’s impact on the Thai economy hasbeen more severe than expected and economic recovery remains elusive, withannual GDP poised to shrink by 8 percent, according to the AsianDevelopment Bank (ADB).

The economy contracted 12.2 percent in thesecond quarter compared to the same period last year, the sharpest fall sincethe Asian financial crisis in 1998./.
VNA
#Thailand #stimulus package #domestic consumption #Thai economy #COVID-19 #Asian Development Bank #ADB #Thai citizens #Vietnamplus #Vietnam News Agency Thailand
Follow VietnamPlus

Related News

Thailand: Gov’t half price campaign not yet final

Thailand: Gov’t half price campaign not yet final

The National Economic and Social Development Council (NESDC) of Thailand has revealed some conditions have yet to be finalised for the government’s half price campaign, under which participants will receive a half price subsidy on their general purchases with certain limits.
Thailand warns risk of increasing jobless amid economic woes

Thailand warns risk of increasing jobless amid economic woes

The number of unemployed workers in Thailand reached 2.5 million in the first half of 2020, and will keep growing next year if state stimulus packages are not strong enough to battle economic woes, according to the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) of Thailand.

See more

Indonesian Coordinating Minister for Infrastructure and Regional Development, Agus Harimurti Yudhoyono, at the opening of the International Conference on Infrastructure (ICI) 2025 in Jakarta, June 11, 2025. (Photo: Antara)

Indonesia targets universal access to clean water by 2045

Coordinating Minister for Infrastructure and Regional Development Agus Harimurti Yudhoyono called on all stakeholders to work together in building a sustainable clean water system, stressing that universal access can only be achieved through broad-based cooperation and shared commitment across society.

Indonesian Foreign Minister Sugiono (third, left) and his New Zealand counterpart Winston Peters (third, right) co-chair the 12th meeting of the Indonesia-New Zealand Joint Ministerial Commission (JMC) in Jakarta, on June 13. (Photo: ANTARA)

Indonesia, New Zealand promote cooperation on strategic areas

The cooperation between Indonesia and New Zealand covers several fields, including economy, trade, investment, and education. In the economic sector, the ministers agreed to encourage more balanced and sustainable trade to achieve the bilateral trade target of 6 billion NZD (3.62 billion USD) by 2029.

Cambodian workers collect salt from the fields ready to store it in warehouses in Kampot province. (Photo: Phnom Penh Post)

Adverse weather drives fall in Cambodia’s salt production

March to April is the full time for salt harvesting, but in March, there was a sudden rain in a day that disrupted the production for a week and 10 days, he said, adding that in April, it rained continuously, so the association decided to finish the harvest by the end of April.

Through the ASEAN Economic Community Strategic Plan, ASEAN member countries aim to significantly enhance intra-regional trade by building greater resilience to external shocks and promoting the connectivity of the common market for goods, services and investment. (Photo: VNA)

ASEAN poised for greater role in global economy

ASEAN is a peaceful region, which makes it a conducive location for foreign direct investment and business ventures that can come from across the globe, said the chief economist of Bank Muamalat Malaysia Berhad.

Indonesian Minister of Maritime Affairs and Fisheries Sakti Wahyu Trenggono atUNOC-3 at Port Lympia, Nice, France. (Photo: ANTARA)

Indonesia reaffirms sustainable ocean management commitment at UNOC-3

Indonesia implements blue economy concrete actions, such as expanding marine conservation areas to cover 30% by 2045, implementing responsible quota-based fisheries, promoting sustainable aquaculture, monitoring coastal ecosystems, and involving communities in reducing plastic waste in seas.

Cargo at Long Beach Port, California, the US. (Photo: Xinhua/VNA)

ASEAN accelerates trade talks with US ahead of tariff suspension deadline

According to the earlier US tariff announcement, Cambodia encounters the highest rates of 49%, followed by Laos (48%), Vietnam (46%), Myanmar (44%), Thailand (36%), and Indonesia (32%). Meanwhile, Malaysia, Brunei, the Philippines, and Singapore face lower rates ranging from 10% to 24%.

At the panel discussion (Photo: VNA)

Indonesia seeks urban infrastructure to combat flooding

Indonesia, with over 17,000 islands, is among the countries most vulnerable to rising sea levels, storms, flooding and seismic activity. Jakarta, in particular, is experiencing severe land subsidence — with some areas sinking by as much as 25 centimetres per year — which, coupled with tidal surges, has led to increasingly frequent and severe flooding.

Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz (Photo: Bernama)

Malaysia to hold second round of trade talks with US

Malaysia has expressed its readiness to negotiate in four key areas: addressing the US’s reported 24.8 billion USD trade deficit with Malaysia, removing non-tariff barriers, strengthening protections for technology and national security, and exploring the possibility of a bilateral trade agreement.