Thailand and Vietnam have reaffirmed their determination to deepen diplomatic and economic cooperation, following high-level talks during the 47th ASEAN Summit in Malaysia.
In a bilateral meeting held on the summit’s sidelines, the two foreign ministers pledged to accelerate the implementation of their Joint Action Plan, aimed at advancing the Comprehensive Strategic Partnership and aligning both nations more closely with ASEAN’s development agenda.
The discussions centered on economic collaboration, particularly in renewable energy. Thai investors have shown growing interest in Vietnam’s solar and wind sectors, spurred by declining technology costs. Vietnam agreed to review its energy pricing structure to make the market more attractive to Thai investors—a move expected to open new opportunities in the green energy space.
Both sides also explored financial sector cooperation, with Vietnam considering the possibility of allowing Thai banks to operate as full-service institutions, a step that could boost private investment and strengthen long-term economic ties.
On regional matters, Thailand emphasized the importance of stronger leadership among Mekong sub-region countries—Thailand, Vietnam, Laos, and Cambodia—in shaping their collective future. While external support from partners such as China, Japan, South Korea, and India remains welcome, both sides agreed that Mekong nations must take the lead in driving regional growth.
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