Bangkok (VNA) – Many Thai garment and textile manufacturers are expanding their production to neighbouring countries to make use of low costs and tax incentives, according to the Thai Garment Manufacturers Association (TGMA).
Accordingly, Thailand’s fabric export will see a strong growth from the kingdom’s neighbouring countries, especially Vietnam and Cambodia. Meanwhile, the fabric export from Thailand is predicted to fall 7 percent to 2.55 billion USD.
Vallop Vitanakorn, an advisor from TGMA, said after expanding production activities to these countries, the fabric turnover of Thai companies is expected to reach 21 billion THB (600 million USD) this year and the figure will increase 40 percent in 2017.
In general, Thailand’s garment and textile exports a💜re forecast to fetch more🔯 than 3.15 billion USD in 2016.-VNA
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A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
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Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Illustrative image (Source: wsj.com)
