Thailand and Vietnam Deepen Economic Partnership, Target US$30 Billion in Bilateral Trade

The Thai government is stepping up efforts to strengthen economic cooperation with Vietnam, positioning the two nations as strategic partners for future growth rather than merely trading partners. The initiative was highlighted during the Thailand–Viet Nam Investment and Business Networking 2026 event organized by the Board of Investment (BOI), which brought together government officials and business leaders from both countries.

Prime Minister Anutin Charnvirakul emphasized that Thailand and Vietnam should work together to build integrated value chains that enhance competitiveness amid rapid changes in the global economy, technology, and energy sectors. He noted that Vietnam’s strengths in export-oriented manufacturing, digital talent, and free trade networks complement Thailand’s advantages in industrial development, logistics, infrastructure, and business ecosystems.

To capitalize on these strengths, both governments are promoting cooperation in five strategic sectors: digital technology and artificial intelligence (AI), semiconductors, automotive and advanced manufacturing, clean energy and the green economy, industrial estates, as well as high-value food and agriculture industries.

A key pillar of the partnership is the “Three Connects” strategy, which focuses on linking supply chains, strengthening local economies through tourism and cultural exchanges, and advancing cooperation in green economy and energy initiatives. The framework aims to create sustainable and mutually beneficial growth for both countries.

The government has set an ambitious goal of raising bilateral trade between Thailand and Vietnam to US$30 billion as quickly as possible, while enhancing ASEAN’s overall competitiveness in the global economy.