World

Thailand’s consumer confidence at 47-month high

Thailand’s consumer confidence rose in January, reaching the highest level in 47 months since March 2020, boosted by the government's stimulus measures to propel spending and reduce electricity and fuel prices, and strong recovery of tourism industry.
Thailand’s consumer confidence at 47-month high ảnh 1Rice for sale at a supermarket in Bangkok. (Photo: AFP/VNA)
Bangkok (VNA) - Thailand’s consumer confidence rose in January, reaching the highest level in 47 months since March 2020, boosted by the  government's stimulus measures to propel spending and reduce electricity and fuel prices, and strong recovery of tourism industry.

According to a report by the University of the Thai Chamber of Commerce (UTCC) released on February 13, the consumer confidence index of the Southeast Asian country rose to 62.9 in January from 62.0 in December.

Consumer confidence is likely to continue to improve if the government is able to stimulate the economy in the first half of 2024 under various policies, including measures to reduce the cost of living, the report said.

Experts said that the Thai government also needs to continue measures to support the tourism industry such as expanding visa exemption for foreign tourists.

Thai officials have insisted they will go ahead with the government’s signature policy to give away 10,000 THB (276.45 USD) to 50 million people through a mobile app to be spent within six months in their local communities.

Regarding the recovery momentum of the tourism industry, the Thai government’s data shows that from January 1 to February 11, Thailand welcomed 4.39 million foreign tourists, up 48% compared to the same period in 2023./.
VNA
#consumer confidence #Thailand #Vietnamplus #Vietnam news #Vietnam News Agency #recovery momentum #tourism industry #Vietnamplus #Vietnam news #Vietnam News Agency Thailand
Follow VietnamPlus

Related News

See more

Singapore diversifies its sources of imported LNG, and also has a fuel stockpile for power-generation companies to draw from. (Photo: Reuters)

Singapore adopts multiple measures to safeguard energy security

On the measures the Singapore government has in place to handle the rise in global gas prices, Tan highlighted that around half of the city-state’s gas is piped to Singapore from the region and is therefore “unaffected”. Moreover, the country diversifies its sources of imported LNG, and hence is “not overly exposed to the Middle East”, he noted.

Philippines eyes non-permanent seat in UN Security Council

Philippines eyes non-permanent seat in UN Security Council

The Philippines has been working with the UN on many important global issues for decades, and its candidacy for the Security Council serves not only the country's own interests but also aims to strengthen its overall cooperation with the world's largest multilateral organisation, President Marcos said.

An Air India Express Boeing 737-300 sits on the runway at Phuket airport shortly after making a hard landing on March 11. (Photo: Phuket International Airport)

Aircraft incident disrupts operations at Thailand’s Phuket airport

Preliminary findings indicated that the aircraft made a hard landing, resulting in damage to the landing gear and nose gear assembly. The incident caused the aircraft to veer off the runway and prevented it from being moved immediately, leading airport authorities to suspend runway operations.

Indonesian authorities rescue 34 stranded pilot whales

Indonesian authorities rescue 34 stranded pilot whales

The agency's head Imam Fauzi said his team conducted rescue operations for a total of 55 stranded whales from March 9 night to March 10 in a coordinated effort involving local security forces, conservation agencies, officials, and residents. Twenty-one whales were declared dead after stranding.

Indonesia shipped 1.8 million tonnes of palm oil to the Middle East in 2025. (Photo: REUTERS)

Middle East conflict pushes up Indonesia’s palm oil export costs

The conflict, which intensified after coordinated strikes by the US and Israel on Iran’s capital Tehran late last month, had disrupted key maritime routes through the Strait of Hormuz. As a result, some cargo vessels were delayed or forced to take longer alternative routes, raising transport expenses and maritime insurance premiums.

Minister of State Apparatus Utilization and Bureaucratic Reform Rini Widyantini (Photo: beritasatu.com)

Indonesia steps up plan to relocate civil servants to new capital

A meeting to review progress and implementation mechanisms for the relocation plan focused on office capacity in Nusantara, the availability of official housing and the criteria for selecting ministries and agencies that will relocate in the initial phase.

Delegates at the press briefing (Photo: Tempo.co)

Indonesia likely to achieve 6% growth amid geopolitical uncertainty

At a press briefing in Jakarta on March 11 to release the state budget report, Minister of Finance Purbaya Yudhi said the Indonesian economy remained in an expansionary phase, with macroeconomic indicators staying stable. He noted that first-quarter growth was expected to exceed the 5.39% recorded in the final quarter of 2025.

Illustrative image (Photo: Nikkei)

Cambodia increases control of fuel trading

The Cambodian Ministry of Commerce requested fuel distributors and suppliers to instruct units within their networks to strictly manage fuel trading activities in accordance with technical standards, operational procedures and their internal regulations.

International visitors gather at a Vietnamese coffee stand during an event held at the United Nations headquarters. (Photo: VNA)

UN adopts resolution designating International Coffee Day

As a member of the core group promoting the initiative, Vietnam actively worked with partners to advance the proposal, helping strengthen international cooperation for the sustainable development of the global coffee value chain while promoting the image and value of Vietnamese coffee worldwide.

Participants at the WTO’s first regular meeting in 2026 in Geneva (Photo: VNA)

Vietnam pushes for consensus ahead of WTO ministerial conference

Vietnam stressed the importance of ensuring policy space for WTO members, particularly amid green and digital transitions, while calling for the full and effective restoration of the WTO’s dispute settlement system – an important pillar of the multilateral trading system.