Vietnam's Growth Can Boost Thailand Through Stronger Regional Ties

Thailand stands to gain from Vietnam's economic growth by expanding trade, investment, and regional cooperation.

Speaking at the Nikkei Asia Forum APAC 2026, Thai Deputy Prime Minister and Foreign Minister Sihasak Phuangketkeow said Thailand should view its neighbor's progress as an opportunity rather than a threat.

Speaking at the event, Sihasak said Southeast Asia's economies are becoming more connected, making Vietnam's success a shared opportunity for the region.

He stressed that closer collaboration between ASEAN countries would support long-term economic growth and strengthen the region's global competitiveness.

• Thailand sees Vietnam growth as a driver of ASEAN trade and investment
• ASEAN cooperation can boost regional growth and global competitiveness
• Thailand and Vietnam deepen economic ties through trade and investment

A Shared Path to Economic Growth

Sihasak said Vietnam's impressive economic rise offers Thailand a chance to deepen its partnership with its neighbor rather than compete with it. By increasing bilateral trade, encouraging foreign investment and improving cross-border connectivity, both countries can benefit from each other's strengths.

He explained that businesses are increasingly spreading their supply chains across Southeast Asia, creating new opportunities for regional cooperation. Thailand and Vietnam can use this shift to attract more international investment and strengthen their roles as key manufacturing and business hubs.

The deputy prime minister said stronger economic ties would also make ASEAN more competitive on the global stage. As companies look for reliable markets and production bases, closer cooperation among member countries can help the region remain an attractive destination for investors.

Sihasak added that Thailand and Vietnam have already expanded collaboration in trade, infrastructure, tourism and investment. Building on these partnerships, he said, will create more business opportunities and support sustainable economic growth across Southeast Asia.

Regional Unity Is Key

Sihasak also highlighted the importance of ASEAN working together as global economic and geopolitical conditions continue to change. He said maintaining open trade, strengthening regional partnerships and supporting a rules-based economic system will help member countries overcome future challenges.

He emphasized that investment in digital transformation, innovation, infrastructure and workforce development will be essential to keeping ASEAN competitive. Better transport links and stronger logistics networks will also improve trade and make it easier for businesses to operate across borders.

According to Sihasak, regional cooperation should focus not only on economic growth but also on creating long-term opportunities for people and businesses. Developing skilled talent and supporting sustainable development will help ASEAN economies remain resilient in a rapidly changing world.

With multinational companies continuing to diversify their manufacturing operations across Southeast Asia, both Thailand and Vietnam are well placed to attract new investment. Their growing partnership, he said, can help strengthen regional supply chains while creating jobs and boosting economic activity.

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Concluding his remarks, Sihasak said Vietnam's rapid development should be viewed as an opportunity for Thailand and the wider ASEAN region. By working together through stronger trade, investment and regional integration, both countries can support shared prosperity while reinforcing ASEAN's position in the global economy.