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2 Jun 2026

International Economy

Vietnamese President’s visit to Thailand (May 27–29): Advancing economic cooperation through the Three Connects strategy (Business Brief No.4271 Full Ed.)

คะแนนเฉลี่ย
  • Thailand and Vietnam have elevated their cooperation through the Three Connects strategy under the Comprehensive Strategic Partnership (CSP) framework, aiming to strengthen supply chain integration, local economic connectivity, and the transition to a green economy. From Vietnam’s perspective, the strategy forms part of a broader effort to leverage international relations as a means of attracting investment, technology, and market access in support of its goal of becoming a high-income country by 2045.
  • The Three Connects strategy creates new opportunities for Thai businesses while simultaneously strengthening Vietnam’s role in global supply chains. Thailand can boost its investment in Vietnam’s market of more than 100 million people, deepen production linkages, and expand investment in clean energy businesses. At the same time, Thai investment in Vietnam may gradually shift Thailand’s role from primarily exporting raw materials and intermediate goods to generating greater returns through direct investment in the country.
  • Thailand’s key challenge lies in maintaining its competitiveness. Vietnam has consistently attracted more foreign direct investment (FDI) than Thailand for more than a decade and is increasingly positioning itself as a manufacturing hub for high-tech products. Moreover, Vietnam’s economy is expected to surpass Thailand’s in size in the near future. Thailand must therefore accelerate structural reforms and enhance its competitiveness to ensure that it can grow alongside Vietnam and the broader regional economy over the long term.

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International Economy