At the Nikkei Asia Forum APAC 2026 in Bangkok, Thailand's Deputy Prime Minister and Foreign Minister, Sihasak Phuangketkeow, stated that Vietnam's rapid economic growth presents an opportunity for Thailand rather than a threat [1]. He emphasized that both countries, as major manufacturing hubs in Southeast Asia, are 'not in a zero-sum competition' and can benefit from collaboration and the sharing of expertise and resources [1]. Sihasak highlighted the potential for a mutually beneficial partnership that could create a larger, more dynamic market, attract investment, and foster innovation throughout the region [1].
The Deputy Prime Minister also stressed the importance of remaining open to trade and knowledge exchange, suggesting that such openness is crucial for sustained growth and prosperity in the Asia-Pacific region [1]. While no specific financial data, market analysis, or trading advice was provided, the remarks signaled a positive outlook on increased economic cooperation and integration between Thailand and Vietnam [1].
No forward-looking statements from analysts or detailed market reactions were included in the speech, but the overall tone was optimistic regarding the potential for regional economic resilience and integration through collaboration [1].
CONCLUSION
Thailand's Deputy Prime Minister views Vietnam's economic rise as a chance for greater regional cooperation and mutual benefit, rather than competition. The speech signals a positive sentiment toward deeper economic integration and openness between the two Southeast Asian nations.