Thailand and Vietnam Target US$25 Billion Bilateral Trade
Thai Prime Minister Anutin Charnvirakul concluded two days of talks with Vietnamese hosts in Hanoi, aiming to significantly boost economic ties. The discussions resulted in a pledge to nearly double bilateral trade to US$25 billion within the next four years. Both nations expressed a further ambition to double this trade target again in the future, alongside efforts to integrate their supply chains.
Thai Prime Minister Anutin Charnvirakul recently visited Hanoi for a series of diplomatic engagements. During his visit, he participated in a state banquet on Monday, which included a cultural gesture where he played a traditional Vietnamese t’rung xylophone.
Over two days of intensive discussions with his Vietnamese counterparts, Prime Minister Charnvirakul focused on strengthening economic cooperation between Thailand and Vietnam. A key outcome of these meetings was a commitment to substantially increase bilateral trade.
The two nations pledged to achieve a bilateral trade volume of approximately US$25 billion within the next four years. This target represents nearly a doubling of current trade figures. Furthermore, both sides set an aspirational goal to eventually double this new trade target again, signaling a long-term vision for expanded economic partnership.
Efforts to enhance economic integration also included discussions on linking supply chains between Thailand and Vietnam, aiming to foster greater efficiency and collaboration in regional commerce.
According to South China Morning Post, these talks underscore a strategic move by both countries to deepen their economic relationship.
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