Fri. Jul 1st, 2022

Thailand’s Ministry of Commerce is set to hold talks with Thai
economic diplomats stationed around the world in May in a bid to revise
the country’s export growth target.

Commerce Minister
Boonsong Teriyapirom said that the Thai baht has strengthened 5 percent
over the past year to over 29 per US dollar as a result of short-term
foreign investment in Thai bonds and the stock market through financial
institutions.

Boonsong expressed his belief that the Thai
currency will not gain strength to an extent that impacts the export
sector in the first quarter.

The ministry is expected to
hold a meeting with directors of International Trade Promotion offices
worldwide to assess the situation in the next two months, he said,
adding that currently, this year’s projected export growth of 8-9
percent will remain unchanged.-VNA

By vivian