Business
Watch out Thailand, here comes Vietnam

“Vietnam is poised to take advantage of the next wave of digital technologies such as blockchain, AI (artificial intelligence), internet of things and cloud-based services to become Asia’s next high-performing economy and improve the living standards of its residents.”
Dr Lucy Cameron, from Australia, lead author of the report “Vietnam’s Future Digital Economy Towards 2030 and 2045”, says the country should carefully navigate a number of risks while undertaking digital transformation. She was presenting her findings in Ho Chi Minh City yesterday.
“Vietnam has been one of the world’s fastest-growing economies and has already become one of the most dynamic countries in East Asia,” she said.
“A boom in digital hardware and software exports has occurred, and Vietnam’s young population is rapidly taking up new mobile internet services,” according to the report.
But the report also noted some challenges.
“The population is ageing, while climate change and rapid development is straining the environment and food production as the country rapidly urbanises. The workforce needs to learn higher-level skills, especially as jobs are becoming automated in the agriculture and manufacturing sectors.”
Australian Ambassador Craig Chittick said the report was the first major output of the Aus4Innovation partnership between Australia and Vietnam.
“It will guide our work over the next three years as we deepen the collaborative linkages between our two countries and help strengthen the Vietnamese innovation system as it adapts to the challenges and opportunities of the digital economy,” he said.
SOURCE: The Nation
Keep in contact with The Thaiger by following our Facebook page.
Never miss out on future posts by following The Thaiger.
Find more SE Asian News courtesy of The Thaiger.
Broke? Find employment in Southeast Asia with JobCute Thailand. Rich? Invest in real estate across Asia with FazWaz Property Group. Even book medical procedures worldwide with MyMediTravel, all powered by DB Ventures.

Thailand
More than a third of Thai tourism-related businesses closed down

A Tourism Authority of Thailand survey, conducted between January 10 – 12, indicates that more than a third of the country’s tourism-related businesses has already shut up shop and gone out of business. An enormous majority were begging for TAT and government assistance fearing that they are unable to hand on much longer.
1,884 tourism businesses in Thailand were surveyed about their situations and how they were coping with the long-term closure of the Thai borders and the local restrictions on travel.
The businesses were in the areas of accommodation, travel firms, restaurants, car and bike rentals and public transport businesses.
34.7% said they had already shut down or gone out of business.
That the TAT admit that more than a third of their front-line organisations have gone to the wall already is a big turn-around from the perennially optimistic tone and often cringe-worthy predictions. The TAT and the Thai Minister of Tourism and ports are now staring down the barrel of an industry, not only diminished, but changed forever after decades of stunning growth.
At the start of the week the Tourism and Sports Minister claimed that 10 million tourists would start arriving on Thailand’s shores from the middle of this year for the rest of 2021. Just 3 months ago he also predicted that domestic tourists would undertake some 10 million trips a month during the forthcoming high season (December to February).
With only hope to back up his speculative predictions, the Minister was hopeful the stimulus measures approved by Cabinet will boost tourism numbers and help off-set some of the economic devastation caused by the closure of Thailand’s international borders.
This week’s prediction was that tourists, foreign and local, would be spending 1.2 Trillion baht on the battered tourist industry during 2021. He failed to provide details about where these tourists would come from or where they would visit during their stays – stays that still have to begin with a 14 day mandatory quarantine.
The only good news is a further 65% of businesses that continue to struggle on, waiting to see how 2021 unfolds and the effect of the roll out of Covid-19 vaccines, that will allow countries to open borders and a greater level of travel freedoms once again.
The break out of a cluster of infections in the Samut Sakhon province, just south west of Bangkok, and now spread to the majority of other Thai provinces, on December 20, forced the government to restrict inter provincial travel. The not-quite-a-lockdown that followed severely dampened the travel plans of locals and foreigners inside Thailand over the traditional December/January holiday season. This week the Bangkok Metropolitan Authority loosened some of the earlier restrictions and allowed some formerly closed businesses to re-open.
Keep in contact with The Thaiger by following our Facebook page.
Never miss out on future posts by following The Thaiger.
Thailand
Government is to allow people to use “legal” parts of cannabis in business

With intentions to promote cannabis as the country’s potential new cash crop, the government is preparing guideline to allow people to produce, sell or own cannabis and hemp. The permitted businesses, including textile, pharmaceutical, and cosmetics will be able to register to receive FDA permissions from January 29.
According to the FDA secretary-general, leaves, stalks, stems, roots, flowers, and seeds are not in a list of legal parts as they have high drug content (is there anything left?). Individuals are still not allowed to grow both cannabis and hemp without authorisation. Import and export of hemp must seek permission from the FDA Office as well.
Interested applicants in Bangkok can register at the FDA Office, while those in upcountry can contact the provincial public health offices. Courses and training about how to start a business using marijuana plants will be provided under the collaboration of the Education Ministry and Public Health Ministry.
However, a traditional medicine expert with Chaopraya Abhaiphubejhr Hospital, suggests that 6 groups of people should avoid food and drink with marijuana, including those with liver and kidney problems, heart disease patients, people aged below 25, pregnant women, breastfeeding mothers, and those taking stimulant medications.
SOURCE: Bangkok Post
Keep in contact with The Thaiger by following our Facebook page.
Never miss out on future posts by following The Thaiger.
Thailand
Myanmar cancels Thai investment in the Dawei Special Economic Zone

The Dawei Special Economic Zone Management Committee has announced the cancellation on the deep seaport project contract with Italian-Thai Development (ITD), one of Thailand’s leading industrial firms, by saying that they “lost confidence” in the company after long, controversial issues.
The Dawei Special Economic Zone Management Committee said that the Thai company has caused them “repeated delays, continuing breaches of financial obligations under the contracts and the concessionaires’ failure to confirm their financial capacity to proceed with development”.
They say they will look for new development partners to continue the projects. Currently, there are still no comments from ITD.
The Dawei Special Economic Zone is Myanmar’s initiative to encourage international investments into the country, but the project has been delayed because of funding problems and local opposition.
SOURCE: Thai PBS World
Keep in contact with The Thaiger by following our Facebook page.
Never miss out on future posts by following The Thaiger.
- Politics3 days ago
US Ambassador to Thailand quits after Biden inaugurated
- Bangkok3 days ago
13 Bangkok businesses allowed to reopen tomorrow
- Coronavirus (Covid-19)3 days ago
Pattaya hotels take food to the streets in bid to survive
- Pattaya3 days ago
Pattaya cleaning up its Walking Street act in time for Chinese New Year
- Air Pollution3 days ago
Air pollution in Bangkok expected to get worse due to “cold spell”
- Coronavirus (Covid-19)3 days ago
50,000 doses of AstraZeneca vaccine to arrive in Thailand in early February, more ahead
- World3 days ago
US President Biden reverses Trump’s policies on first day of presidency
- Economy3 days ago
210 billion baht stimulus confirmed for “Rao Chana”