Business forum to foster Vietnam – Thailand economic ties
VOV.VN - The Ministry of Finance will host a Vietnam - Thailand business forum in Hanoi on May 16, aiming to strengthen economic collaboration and create favorable conditions for businesses from both countries to expand investment and enhance operations.
The forum takes place as part of the May 15-16 official visit to Vietnam by Prime Minister of Thailand Paetongtarn Shinawatra.
By the end of 2024, Thailand was the ninth largest foreign investor in Vietnam, with a total direct investment exceeding US$14 billion.
Prominent Thai businesses operating in Vietnam include CP, Betagro, Gulf Energy, B.Grimm, Super Energy, SCG, Berli Jucker. These businesses span various sectors such as cement, construction materials, petrochemicals and packaging, beverage and alcohol production, retail, shopping centers, electronics; agriculture, aquaculture, food processing, and industrial real estate.
Meanwhile, two-way trade turnover between Vietnam and Thailand last year hit US$20.18 billion, representing an increase of 6.4% year on year. However, Vietnam recorded a trade deficit with Thailand for the 12th consecutive year, totaling US$4.62 billion, slightly higher than the previous year’s US$4.6 billion.
During the first quarter of 2025, bilateral trade edged up 9.4% year on year to US$5.16 billion. Of the total, Vietnam's exports dropped 3% to US$2.06 billion and imports rose 19.7% to US$3.1 billion.
As a result, Vietnam’s trade deficit with Thailand widened significantly, reaching US$1.03 billion, a 123% increase compared to US$464 million during the same period last year.
The upcoming forum is expected to serve as a platform to address trade imbalances, enhance mutual investment, and deepen strategic economic ties between the two countries.
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