The Thai government has set a goal of reviving cross-border trade including transit trade this year after the value contracted by 2.6% in 2023 from the previous year to 1.74 trillion THB (47.6 billion USD).
A bird's eye view of the Koh Kong bridge in Cambodia that crosses the Kaoh Pao River. Koh Kong is a Cambodian border province which Thais can access via the Ban Hat Lek checkpoint in Khlong Yai district of Thailand's province (Photo:bangkokpost.com)
Bangkok (VNA) – The Thai government has set a g♓oal of revivingcross-border trade including transit trade this year after the value contractedby 2.6% in 2023 from the previous year to 1.74 trillion THB (47.6 billion USD).
RonnarongPhoolpipat, director general of the Foreign Trade Department, said toachieve the target, the Commerce Ministry is committed to expeditingcross-border and transit trade under the government's investment promotion strategyfor 2024-27.
This involves collaboration with relevant stateagencies to facilitate and stimulate cross-border and transit trade, such asestablishing one-stop service (OSS) centres and linking export-import documentsthrough the National Single Window system to streamline trade processes.
According to the ministry's data, of the total cross-border and transit tradein 2023, exportsaccounted for 981 billion THB (down 4.6%) and imports 762 billion (up 0.2%).Thailand maintained a trade surplus for the year of 219 billion THB
Cross-border tra𝔍de with four neighbouring countries tallied930 billion THB in 2023, with expor𒐪tscomprising 580 billion and imports 350 billion. Thailand had a trade surplus of230 billion THB.
Regarding transit trade to third countries, the totalvalue was 813 billion THB last year, up 11.2% from the previous year. Of thetotal, exports represented 401 billion THB (up 5.3%) and imports were worth412 billion THB (up 17.7%).
China was the top transit trade partner with a value of 423billion THB, followed by Singapore𒆙 at 107 billion THB and Vietnam 70.1 billion THB./.
Thailand recorded a total of 85,300 companies registered as new businesses in 2023, the highest number in a decade, with combined registered capital of over 560 billion baht (over 15.72 billion USD).
On the occasion of the New Year of the Dragon, Thai Ambassador to Vietnam Nikorndej Balankura spoke to Vietnam News Agency about major achievements in the Vietnam-Thailand relations last year and prospects for 2024.
The Thai government is accelerating efforts to hold talks with its Cambodian counterpart to address transboundary air pollution, which is posing an increasing threat to the health of people in Thailand, as the dry season, is expected to be dryer and longer this year due to the El Nino phenomenon, gets underway.
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.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
A bird's eye view of the Koh Kong bridge in Cambodia that crosses the Kaoh Pao River. Koh Kong is a Cambodian border province which Thais can access via the Ban Hat Lek checkpoint in Khlong Yai district of Thailand's province (Photo:bangkokpost.com)
