The Joint Standing Committee on Commerce, Industry, and Banking (JSCCIB) is calling on the Thai government to consider Ayutthaya as a prime logistics hub to support burgeoning investments, particularly in the wake of the Chinese-Thai high-speed rail system’s construction. As this railway network development progresses, Ayutthaya is positioned as a strategic location for boosting its…
The textile and garment industry in Vietnam is eyeing a potential upturn in the latter part of 2023, contingent upon the pace of recovery in the export market and the adept management of inventory levels by clothing brands. Recent developments in the sector shed light on both challenges and prospects. After a period of sanguine…
Vietnam’s seaport throughput has made a notable recovery in the first 10 months of this year, according to a report by the Vietnam Maritime Administration (VMA). The total volume surpassed 624.55 million tonnes, marking a 3% increase compared to the previous year. The report reveals that while exports experienced a slight decrease of approximately 1%,…
The capital city of Hanoi is actively pursuing initiatives to position itself as a prominent logistics hub within Vietnam and the broader Southeast Asian region. With its strategic location in the heart of the northern key economic region and well-established transport connectivity through road, sea, waterway, railway, and air transportation, Hanoi holds significant potential for…
Bangkok Bank (BBL) stands ready to support its clients in navigating the high-growth ASEAN region amid global economic uncertainties. The International Monetary Fund (IMF) reports a substantial surge in ASEAN’s GDP growth, from 3.4% in 2021 to an impressive 5.7% in 2022. The region’s economic growth is anticipated to continue, with a projected 4.2% in…
Long Son Limited Company, in its pursuit of becoming a vital marine infrastructure hub for the Nghi Son Economic Zone of Thanh Hoa province and the entire north central region, is making strides in the construction of Long Son container port No. 3. This ambitious project is poised to transform into an advanced shipping port…
In September, Thailand’s Manufacturing Production Index (MPI) experienced a 6.06% year-on-year decline, reflecting the impact of weak exports due to sluggish global demand. This decrease exceeded earlier forecasts, and it followed a substantial 7.75% drop in August. The ongoing global economic slowdown, coupled with high levels of household debt, has hampered the country’s economic recovery….
Terminal Teluk Lamong (TTL), a subsidiary of PT Pelindo Terminal Petikemas, is proud to announce the launch of its new service, the Intra-Asia Cross Network (ICN Service). This groundbreaking service covers the strategic route from Jakarta to Surabaya, Pusan, Shanghai, and Ningbo. Facilitated by PT Mitra Rejeki Investa in collaboration with the principal, HMM Shipping…
Vietnam is gearing up for a seismic transformation in its seaport infrastructure, paving the way for enhanced global trade connectivity. With plans to develop a cutting-edge seaport system, the nation is poised to revolutionize its role in international commerce. Under the guidance of Deputy Minister of Transport Nguyen Xuan Sang, Vietnam’s ambitious vision for its…
