Thailand-Vietnam bilateral trade expected reach US$25Bn next year

13 Sept 13:23 Key points summarised by AI

Thailand targets increasing bilateral trade with Vietnam to US$25 billion by next year, driven by young entrepreneurs and start-ups.
The Thai Chamber of Commerce (TCC) focuses on fostering cooperation, technology exchange, and start-up investments between the two countries.
Young entrepreneurs are seen as vital for future economic growth, innovation, and strengthening the overall ASEAN economy.
Both nations will work to remove trade barriers, enhance supply chains, and boost local economies, including the green economy.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.