In an effort to bolster their economic and diplomatic bonds, the private sectors in Thailand and Vietnam have set their sights on a substantial increase in bilateral trade, targeting US$25 billion by 2025. 

Delegates from Thailand and Vietnam’s private sectors have set a target of increasing bilateral trade to US$25 billion by 2025, a move aimed at benefiting both nations and the broader region. The goal was set at the recent Thailand-Vietnam Business Forum 2023, organised by the Thailand-Vietnam Friendship Association, took place at C Asean in Bangkok with the theme “Strengthening Thai-Vietnamese Relations Under the Concept 1+1 = Zero Boundary.”

At the forum, Sanan Angubolkul, Chairman of the Thai Chamber of Commerce and President of the Thailand-Vietnam Friendship Association, highlighted its goal to foster connections across various aspects, including business, culture, and interpersonal relations.

Emphasising the importance of the forum’s focus on young entrepreneurs and startups, Angubolkul noted that these entities are pivotal for the future economy and innovation in both countries. “This involves investment in startup businesses, as well as sharing knowledge, experience, and opportunities to network in the public sector, thus enabling a continuous and sustainable relationship between the two countries,” he stated.

Vietnam’s Congress recently voted on the entire term’s working agenda and elected a new executive committee to run the Vietnam-Thailand Friendship Association. This arrangement aligns with the two countries’ potential for cooperation across various sectors.

Nguyen Van Thanh, Chairman of the Vietnam-Thailand Friendship Association, expressed his hope for stronger collaboration between the two associations, contributing to the consolidation and enhancement of the strategic partnership between Thailand and Vietnam.

The business forum featured inter-governmental meetings, discussions, product exhibitions, presentations, business matchmaking, and networking events. The efforts made through this platform reflect ongoing initiatives to bolster the friendship and relations between the two countries and their citizens.

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