Thailand

Hanoi (VNA) – Thailand’s relevant agencies, including the finance ministry and central, bank are working to revise a new stimulus package in order to reduce the impact of the COVID-19 pandemic worth more than 500 billion baht (15.3 billion USD). The country already introduced two packages, the first to inject 400 billion baht into the economy and the second, worth 117 billion baht, to include cash handouts. Finance Minister Uttama Savanayana told a press conference on March 30 that he could not tell the size yet as the relevant agencies are working on it. According to the minister, Thailand has no plans to borrow from the International Monetary Fund (IMF) as its fiscal position is strong and it is able to tap other funding sources, including the fiscal budget. Thailand's central bank expects the economy to contract 5.3 percent this year, which will mark the first shrinkage since the global financial crisis in 2009./. … [Read more...] about Thailand maps out third stimulus package

– The Thai government will not allow flag carrier Thai Airways International (THAI) to collapse, according to Thai Deputy Prime Minister Somkid Jatusripitak who has also dismissed rumours of impending lay-offs as a result of the COVID-19 pandemic.COVID-19 pandemic, THAI has temporarily suspended all of its international services (except charters and cargo flights) until May 31, while its low-cost subsidiary THAI Smile takes over its domestic services to Chiang Mai, Phuket and Krabi. … [Read more...] about Thai government won’t let flag carrier collapse

Since March 22, Vietnam has prohibited entry for all foreign nationals, including those of Vietnamese origin and family members with visa waivers. Only Vietnamese nationals and foreigners with diplomatic or official passports are allowed in, and all are quarantined for 14 days. … [Read more...] about Vietnam sends 220 Europeans home

“The SBV will continue to monitor closely the developments in the domestic and international markets, work out possible scenarios that may occur, regulate the key rate of VND versus USD in a flexible manner, and continue to use the measures and the monetary policy instruments consistently to stabilise the foreign exchange market,” noted Ha of the SBV. … [Read more...] about Trade raises demand for stable VND

Apart from commodities serving socio-economic activities, the carrier’s flights have also transported products to serve the COVID-19 fight such as medical face masks, protective gear, and medical equipment. Recently, it supported the free shipping of more than 3 tonnes of protective gear and face masks of Cho Ray Hospital from Ho Chi Minh City to Hanoi and transported 10 ventilators funded by the Temasek Foundation from Singapore to Vietnam. … [Read more...] about Vietnam Airlines increases cargo transport to ensure trade