Vietnam and Thailand Upgrade Relations to Strategic Partnership
- On May 16 in Hanoi, Thai Prime Minister Paetongtarn Shinawatra and her Vietnamese counterpart jointly led the 4th Thailand-Vietnam Joint Cabinet Retreat, the first meeting of its kind in two decades.
- The retreat resumed after two decades to assess bilateral cooperation and plan comprehensive future strategies amid ongoing global uncertainty.
- Discussions focused on enhancing security, trade, investment, tourism, connectivity, sustainability, people-to-people ties, and digital economy cooperation with cross-border QR payments.
- The two sides set a target to raise bilateral trade from over US$20 billion last year to US$25 billion annually, aiming for achievement by 2030 as quoted by Bloomberg.
- Thailand and Vietnam elevated their ties to a comprehensive strategic partnership, pledging regular high-level exchanges, stronger security cooperation, and preparing to celebrate 50 years of relations next year.
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Vietnam and Thailand upgrade relations to strategic partnership
Vietnam and Thailand have upgraded their ties to strategic partnership. Vietnam now treats Thailand the same way as it does the U.S., China and Russia, its main strategic partners.
·United States
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