Thailand optimistic about private investment

Private investment in Thailand was forecast to grow 4.6 percent in 2020, up from 2.7 percent predicted for 2019.

Friday, December 27, 2019 18:01

Thailand optimistic about private investment ảnh 1

Illustrative image (Photo: bangkokpost)

Hanoi (VNA) – Private investment in Thailandwas forecast to grow 4.6 percent in 2020, up from 2.7 percent predicted for2019.

According to the Thai Ministry of Finance, investment in the government'sflagship Eastern Economic Corridor project, an increase in exports and 2020fiscal budget disbursement set to kick off inFebruary will all promote privateinvestment.

Experts from the ministry forecasts the country’s economy to expand by 2.8percent this year and 3.3 percent in 2020. Meanwhile, the Bank of Thailandpredicts 2.5 percent in 2019 and 2.8 percent in 2020.

According to Wuttipong Jittungsakul, Deputy Director-General of theFiscal Policy Office (FPO), exports are expectedto be the main engine driving the economy to meet the office’s forecast of 3.3percent next year.

However, international trade should fare better in 2020 if trade tension easesbetween the US and China.

The FPO predicts Thailand's outbound shipments to reverse course and recordgrowth of 2.6 percent in 2020 after a likely contraction of 2.5 percent thisyear. /.

VNA

#Thai private investment #Vietnamplus #Vietnam News Agency #Wuttipong Jittungsakul #Fiscal Policy Office #Thai Ministry of Finance

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