Key facts
- Thailand and Vietnam have pledged to nearly double their bilateral trade to $25 billion within four years.
- The two Southeast Asian nations plan to further increase trade beyond the $25 billion target.
- Supply chains in electronics and semiconductors will be integrated across both countries.
- Trade barriers between Thailand and Vietnam are expected to be reduced.
- The agreement follows recent high-level meetings between leaders of both nations.
Thai Prime Minister Anutin Charnvirakul's visit to Hanoi resulted in a commitment to nearly double bilateral trade to $25 billion within four years, with further ambitions to double it again. The agreement aims to integrate supply chains in sectors like electronics and semiconductors and reduce trade barriers.