Besides exchanging high-ranking visits between Vietnam and Thailand, the two governments signed a Joint Statement on Cooperation Framework in the first decade of the 21^st century during their first joint Cabinet meeting held in central Da Nang city in December 2004.

Vietnam and Thailand have so far inked nearly 30 bilateral agreements of cooperation in economy, trade and investment, culture, tourism and environment. Their two-way trade turnover has increased rapidly, reaching nearly US$1.5 billion in the first half of this year, including US$440 million worth of Vietnamese exports to Thailand. Vietnam exports computers and computer accessories, crude oil, coal, and electronic products to Thailand while importing petroleum, plastic materials and motorbike spare parts from the country.

The two countries have agreed to cooperate in promoting rice exports and stabilising rice prices on the international market. The Vietnam Food Association and the Thai Rice Exporters Association signed an agreement on rice prices in July 2006.

Thailand has invested in 125 projects valued at US$1.5 billion in Vietnam, ranking ninth among countries and territories and third among ASEAN member economies. These projects are focused on seafood, mining exploitation, food processing and banking services.

The two countries are committed to carrying out many projects and programmes within the framework of the East-West Corridor, the Greater Mekong Sub-region, the Ayeyawady - Chao Phraya - Mekong Economic Cooperation Strategy (ACMECS) as well as at regional and international forums with a view to promoting bilateral cooperation in defence and security, education and training, culture, science and technology, environment and tourism. Both sides recently established a tourism sub-committee under the Vietnam-Thailand Cooperation Joint Committee.

In early 2006, Thailand granted foreign national certificates to 923 Vietnamese nationals and Thai citizenship to 1,356 others.