nigelforbes

Inflation is the killer in Vietnam, banks are offering 5% for 3 months but the rate of inflation easily exceeds that, which means your savings are losing money by going backwards. https://tradingeconomics.com/vietnam/core-inflation-rate#:~:text=Core Inflation Rate in Vietnam,percent in January of 2021.

So you've lived here full time since 2009, why not just say so! I have no interest in the social impact of debt, only on the economics of it all, I leave it to others to comment on the former what do know is the things I have said, percentage debt is a mathematical formula, and, anybody's observations on debt can only be anecdotal. We're on holiday on your neck og the woods,staying at kundala, stop by and we can debate Thai economics.

Everything you see is anecdotal, nothing more. I've lived here full time for 21 years, how about you?

Exchange rate risk and inflation risk can reach unacceptable levels historically in Vietnam

I'm not required to complete a return, I have that on writing

I just never knew that level of fine existed in the UK, I've been out of the UK system for a long time. I'm not knocking it, just never knew.

WOW, ten pounds a day, like double WOW.

Sure, but that fine e is not going to be the 7k he mentioned

That should not make any difference, days in the UK is the key.

Arising refers to the source of funds, even then, his number of uk days takes precedent.

In which case you shouldn't have a problem. If you weren't uk resident for tax, your earnings in Oman don't count.....explain that to the revenue.

Yawn. Well, here is how I think things might play out. I have no doubt that international tourism, that's the services export sector, will perform strongly over the course of the year. Whether it turns out to be 20, 25 or more million, nobody knows but the number is more likely to be higher than lower, 25 mill + seems doable. The value of the Baht will depend on usd strength but is extremely unlikely to affect tourism because Thailand remains a comparatively inexpensive holiday destination to most countries in the region, especially to China. Malaysia and further afield, Russia. Customs exports of goods remains less certain because much depends on the strength of the economies in the export countries. Given that Thailand relies on regional trade for 75% of its exports, the chances that exports will surprise to the upside, throughout the course of the year, remains strong. Thailand has been historically strong at opening up new markets for tourism and for goods, last week or so they signed a new export contract with a Chinese province and i would expect to see more of similar. I do not expect Baht strength or weakness to influence Thai exports levels to any economy that doesn't use usd or a usd linked currency. If however the Baht does weaken, I expect inbound FDI to take advantage, especially from Japan. Again, historically, Thai export levels have frequently been volatile, month on month, often going from deep deficit to surplus in adjacent months. Lastly, service sector imports may easily be the factor that produces a trade deficit, visa applications for outbound travel are up substantially. I think I'd perhaps want to look again and maybe reforecast, after the 1Q23 numbers are published in total.

Let me ask the question a different way...... How many days, roughly, did you spend in the UK during each of the tax years when you didn't file a uk tax return?

Thanks. My misread of the nation article, I'm wrong, sorry.

Hot spots or fires? It doesn't make sense the same agency would report totally different numbers on the same day. Can you post a separate link to the numbers?

Were you uk resident for tax purposes during the missed years or were you resident in Oman or Thailand?

Interesting article in the nation this morning says that satellite based hot spot detection systems showed roughly 2,700 hot spots in laos, 2,300 in Cambodia, 2,500+ in Myanmar and circa 750 in Thailand. All numbers very approx from memory. Also, vast majority of fires on national parks or protected areas, very few hot spots attributed to agricultural burning.

The quote describes a markets correction, that's equities markets such as the Dow or the S&P. You said a correction is coming, in reference to the Thai economy which is very different and why I asked. People do not normally refer to economic downturns as corrections, more often they are described as recessionary or similar. Regardless, please describe for us the events that will take place, why and how.

Also, you do understand the term, year on year!

I understand what a correction is on the stock market but not in the economy. Why not set out for us all what that correction looks like, what will happen and how?

Post of the week that one Ryan, I'm going to frame it, it's one of your better faux pas.

If, if, if...............!

You can't interpret what you've read is the problem, one months numbers mean nothing.

It's not about blame, it's about the facts of the matter. You can clean up the Thai backyard until it's sparkling clean but that won't eliminate airborne pollution.

Yes, but now go look at windy.com and see how the wind currents flow across Thailand and where they cross. Pollution in Pattaya originates primarily in Cambodia, in northern Thailand it's laos and Shan state, that's what cross border airborne pollution is all about.