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Factory Closures Increasing in Thailand

Factory Closures Increasing in Thailand

by Teuvo Tuomi | Feb 20, 2025 | Business, Economy, Manufacturing, News, Thailand

Thailand’s factory closures are accelerating nationwide. For the past two years, an average of at least 100 businesses have shuttered their doors each month, according to data from the Kasikorn Research Center (KResearch). The forecasts suggest closures will continue...
Thai Industrial Sentiment Fell in December

Thai Industrial Sentiment Fell in December

by Teuvo Tuomi | Jan 20, 2025 | Business, Economy, Manufacturing, News, Thailand

The Thai industrial sentiment index dropped for the first time in three months in December, falling to 90.1 in December from 91.4 in November. The sentiment was hurt by weak domestic demand and competition from Chinese products, the Federation of Thai Industries says....
China Plus One Strategy

China Plus One Strategy

by Jukka-Pekka Karppanen | Nov 14, 2024 | China, ASEAN, Asia, Business, Economy, Investment, Manufacturing, Partners

China Plus One Strategy Leveraging ASEAN for Resilient Growth and Strategic Advantage Amid trade wars and geopolitical uncertainty, the China Plus One Strategy helps businesses strengthen their strategic positioning, enable growth, and improve stability By Antti...
Vietnam’s Industries Expected to Be Among Three Most Competitive in SEA: Report

Vietnam’s Industries Expected to Be Among Three Most Competitive in SEA: Report

by Teuvo Tuomi | Nov 7, 2024 | ASEAN, Manufacturing, News, Southeast Asia, Vietnam

Vietnam is expected to be among the top three Southeast Asian countries in terms of industrial competitiveness by the end of this decade, according to the Ministry of Industry and Trade (MoIT). The program promotes the country’s industrialization and...
China Tops Asia Manufacturing Index Despite Challenges

China Tops Asia Manufacturing Index Despite Challenges

by Teuvo Tuomi | Oct 24, 2024 | China, Asia, Malaysia, Manufacturing, News, Vietnam

For the second time in a row, China ranks first in the Asia Manufacturing Index by Dezan Shira & Associates. China maintains its leadership despite significant shifts in its production landscape and traditional markets. The country’s industrial output remains...
Car Sales in Thailand Plummet over 20% in August

Car Sales in Thailand Plummet over 20% in August

by Teuvo Tuomi | Sep 25, 2024 | Business, Economy, Manufacturing, News, Thailand, Transportation

The manufacturing and sales of vehicles in Thailand fell by more than 20.56% in August compared to last year, the Federation of Thai Industries (FTI) reports. Surapong Phaisitpattanapong, advisor and spokesman of FTI’s automobile club, says 119,680 vehicles were...
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