EXIM Thailand Teams up with BIDV to Support Thai-Vietnamese
Ms. Paetongtarn Shinawatra, Prime Minister, and Mr. Pham Minh Chinh, Prime Minister of the Socialist Republic of Vietnam, jointly witnessed the signing ceremony of a Memorandum of Understanding (MOU) for trade and investment support between Export-Import Bank of Thailand (EXIM Thailand) by Mr. Bundit Sapianchai, Director and Acting President, and the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) by Mr. LeNgoc Lam, CEO, and also joined by Mr. Julapun Amornvivat, Deputy Minister of Finance, in Hanoi, Vietnam on May 16, 2025 on the occasion of Thai Prime Minister’s official visit to Vietnam.
This has reflected the commitment to step up and expand cooperation in enhancing trade and investment opportunities between Thailand and Vietnam for sustainable economic growth and development.
The MOU execution signifies the expansion of collaboration between EXIM Thailand and BIDV in connection with the signing of a bilateral cooperation agreement in 2019. Both banks will apply green finance and sustainable finance as the tools to boost Thai-Vietnamese trade and investment value. This approach aligns with the policies to drive bio-circular-green (BCG) economy and encourage business operations with environmental, social, and governance (ESG) concerns taken into account. As a state-owned specialized financial institution under the Ministry of Finance’s supervision, EXIM Thailand is mandated with a mission to promote and support Thai entrepreneurs’ expansion of businesses, trade and investment to overseas markets alongside propelling Thai economy toward sustainability through strategic collaboration with alliance agencies in both public and private sectors regionally and globally.
For the past decade, GDP recorded an annual average growth of 6-7%. According to Vietnam Economic Update Report for 2024, Vietnam’s GDP growth was 7.09%, the highest in ASEAN, driven by service sector (7.38% growth), manufacturing and construction sector (8.24% growth), and agriculture (3.27% growth). Besides, the country’s per capita GDP has increased to approximately 4,700 US dollars. This is an indicator of Vietnam’s potential to become the economic and manufacturing hub of the region. The cooperation between EXIM Thailand and BIDV would facilitate Thai businesses’ greater expansion to Vietnamese market in an enhanced step toward sustainable development.
On this occasion, Acting President, and executives of EXIM Thailand joined a Thailand-Vietnam Business Forum hosted by the Thai Chamber of Commerce aiming to strengthen Thailand and Vietnam’s cooperation in economic, trade and investment spheres along with building business networks. This is in line with EXIM Thailand’s role in encouraging Thai entrepreneurs’ international market launches. The forum was participated by entrepreneurs and representatives from the public sector at Melia Hanoi Hotel in Vietnam on May 16, 2025.
