HCMC – Vietnam and Thailand are working toward boosting their bilateral trade to US$25 billion in the coming years, as both sides commit to strengthening economic, trade, and investment ties.
During a meeting in Hanoi on May 16, Prime Minister Pham Minh Chinh welcomed leaders of seven major Thai corporations accompanying Thai Prime Minister Paetongtarn Shinawatra on her official visit to Vietnam.
Chinh emphasized that Vietnam–Thailand relations have grown comprehensively over the years, particularly in trade and investment. In 2024, two-way trade reached over US$20 billion, a 6.4% increase compared to 2023. The two nations are aiming to elevate that figure to US$25 billion in the near future, in line with their joint high-level declaration.
Amid global economic uncertainty, Vietnam is striving to maintain macroeconomic stability while accelerating growth. PM Chinh reiterated the Government’s determination to achieve GDP growth of over 8% in 2025 and double-digit growth during the 2026-2030 period. To that end, the country is pursuing three key breakthroughs: improving institutions, upgrading infrastructure, and enhancing human resources.
He also highlighted Vietnam’s commitment to developing a transparent regulatory environment, seamless infrastructure systems, and smart governance. Promoting science, technology, innovation, digital transformation, and the green and circular economies are among Vietnam’s top priorities.
The prime minister called on Thai investors and financial institutions to expand their footprint in Vietnam, especially in emerging sectors such as digital economy, green technology, high-tech manufacturing, and circular economic models.
Thailand is currently the ninth-largest foreign investor in Vietnam, with 767 projects totaling nearly US$15 billion in registered capital. Meanwhile, Vietnam has invested in 22 projects in Thailand, with combined capital of close to US$35 million.
