Thailand's tourism hard hit by COVID-19 (Source: VNA)
Bangkok (VNA) – The Thai economy is forecast to experience a U-shapedeconomic recovery and a return to pre-pandemic growth levels in two years.
Yunyong Thaicharoen, chief economist of the SiamCommercial Bank's Economic Intelligence Centre (EIC), said that the country’s GDPgrowth will show pre-coronavirus levels by early 2022.
The worst contraction is expected to be seen this quarter at12.1 percent, before narrowing to 9.2 percent in the third quarter and 6.7percent in the fourth, he said.
The EIC lowered its economic growth forecast for 2020 to a7.3 percent contraction from a 5.6 percent fall predicted earlier, assumingthat the number of foreign tourist arrivals will plunge 75.3 percent from lastyear to 9.8 million.
Thailand’s conomic growth shrank 1.8 percent year-on-year inthe first quarter, the deepest contraction since the flood-hit fourth quarterof 2011./.
Thailand entered the third phase of its lockdown on June 1, with moderate-risk businesses allowed to be reopened, while the country observes a shortened curfew from 9pm to 3am.
The Thai Cabinet has decided to allow migrant workers from Cambodia, Laos and Myanmar to work in Thailand until July 31, 2020, to help reduce the potential spread of the coronavirus disease 2019, and to maintain a workforce as the situation gradually improves.
A team of Thai COVID-19 vaccine researchers on June 3 revealed that it had passed its testing of the mRNA vaccine prototype onto guinea pigs and now it is being tested on crab-eating macaques.
The Thai Finance Ministry has agreed with a plan to launch a major domestic tourism promotion next month by giving 2,000-3,000 THB vouchers to 4 million people and free trips to 1.2 million medical personnel.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Thailand's tourism hard hit by COVID-19 (Source: VNA) 
