Empowering Regional Growth

On the evening of May 30, 2024, CEO Club organized an Exclusive Dinner for trade exchange, investment, and business connection between Vietnamese and Thailand businesses with the theme “Empowering Regional Growth”.

Economic cooperation between Vietnam and Thailand has achieved many significant achievements in recent years. Bilateral trade turnover has continuously grown, reaching more than 24 billion US dollars at the end of last year.

Thailand is the 9th largest investor in Vietnam with a total accumulated investment capital of more than 14 billion USD, as of April 20, 2024. Particularly in the ASEAN region, Thailand is the country pouring the second most capital into Vietnam, after Singapore.

“Cultural and geographical proximity has laid a solid foundation for the economic relationship between the two countries,” Ms. Minh Phuong, Dang, Chairwoman of the CEO Club said. Meanwhile, Vietnam, known for an increasingly dynamic economy, and growing domestic consumer market, attracts many foreign investors and partners.

Ms. Minh Phuong, Dang, Chairwoman of the CEO Club gave a speech.

Thailand is known for its eight target industries: tourism, healthcare, and medical services, agriculture and food, aviation, logistics, future transportation, digital economy, and finance.

“These key industries help Thailand transform into a global industrial hub,” said Ms. Wiraka Moodhitaporn, Consul General of Thailand in Ho Chi Minh City.

Ms. Wiraka Moodhitaporn, Consul General of Thailand in Ho Chi Minh City, spoke at the event.

Ms. Wiraka Moodhitaporn added: “Vietnam is likened to a new Asian tiger with impressive growth over the past 10 years.” At the same time, Ms. Wiraka Moodhitaporn emphasized the bilateral trade turnover target of 25 billion USD next year.

Looking at the future of economic cooperation between Vietnam and Thailand, Ms. Minh Phuong Dang, Chairwoman of the CEO Club, commented on a prospect “full of optimism”.

The two countries have made efforts to implement some meaningful cooperation such as the “Three Connections” strategy: Integrating complementary supply chains between Vietnam and Thailand; connecting grassroots economies, especially small and medium enterprises (SMEs); and Adjusting growth strategies, aiming to promote sustainable economic growth.

In addition, Vietnam and Thailand also participate in the joint initiative “Six countries, one destination”, facilitating border crossings and tourism between six Asean countries including Vietnam, Brunei, and Cambodia, Laos, Malaysia, Thailand.

The governments of Vietnam and Thailand also actively support trade and investment for businesses of the two countries. In the next few months, Thai Prime Minister Srettha Thavisin will make an official visit to Vietnam and co-chair the 4th Cabinet Conference, a high-level meeting with Vietnam to reaffirm ongoing cooperation takes place between the two countries and explore new opportunities for cooperation for common prosperity.

In addition, the leaders of the two countries will announce the upgrade of the relationship from enhanced strategic partnership to comprehensive strategic partnership, marking another historic milestone in bilateral relations between Vietnam and Thailand.

The Exclusive Dinner was attended by nearly 50 senior leaders of CEO Club and Thailand businesses.

CEO Club members exchange cooperation, economics, and investment with Thailand businesses.