ID :
197270
Tue, 07/26/2011 - 12:39
Auther :
Shortlink :
http://m.oananews.org//node/197270
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Thai economy will grow rapidly in second half of 2011: survey
BANGKOK, July 26 (TNA) - A recent survey conducted among Japanese investors in Thailand projects the Thai economy will grow rapidly in the second half of 2011.
The finding was published on Tuesday by Japan External Trade Organization (JETRO) Vice President Seiya Sukegawa, based on a survey conducted by the Japanese Chamber of Commerce on Japanese joint ventures in Bangkok.
Of the respondents, 28.3 percent viewed the Thai economy had improved continuously since the first half of 2010. They believed the Thai economy entered into a recession in the first half of this year due to the March earthquake in Japan, but expected a recovery in the July-September period.
In addition, 69 percent expected the Thai economy to return to its rapid growth in the second half of this year. They also called on the Thai government to ensure national security, political stability, improved tariff systems, personnel development and relieved restrictions on alien businesses.
Meanwhile, 72 percent predicted their total sales volume would rise this year, with 86 percent saying they would gain profits before tax deductions. Investments in production plants and machinery were also expected to soar by 93.6 percent this year, with the majority of respondents saying they planned to invest more in machinery.
Furthermore, Thai exports were forecast to grow on top of figures in 2010, with the increment estimated at 36 percent in the first half of this year and 46 percent in the second half. India was identified as potentially the top market for Thailand, followed by Indonesia and China. (TNA)
The finding was published on Tuesday by Japan External Trade Organization (JETRO) Vice President Seiya Sukegawa, based on a survey conducted by the Japanese Chamber of Commerce on Japanese joint ventures in Bangkok.
Of the respondents, 28.3 percent viewed the Thai economy had improved continuously since the first half of 2010. They believed the Thai economy entered into a recession in the first half of this year due to the March earthquake in Japan, but expected a recovery in the July-September period.
In addition, 69 percent expected the Thai economy to return to its rapid growth in the second half of this year. They also called on the Thai government to ensure national security, political stability, improved tariff systems, personnel development and relieved restrictions on alien businesses.
Meanwhile, 72 percent predicted their total sales volume would rise this year, with 86 percent saying they would gain profits before tax deductions. Investments in production plants and machinery were also expected to soar by 93.6 percent this year, with the majority of respondents saying they planned to invest more in machinery.
Furthermore, Thai exports were forecast to grow on top of figures in 2010, with the increment estimated at 36 percent in the first half of this year and 46 percent in the second half. India was identified as potentially the top market for Thailand, followed by Indonesia and China. (TNA)
