Improvement of Vietnam-Thailand Trade Balance

Abstract: Thailand always considers Vietnam as an important market. However the market share of Vietnamese goods in Thailand (only 2.2%) has been very low, making the trade deficit of Vietnam with Thailand still high. This article analyzes the real situation and commodity structure of exports and imports between the two countries from 2010 to 2019 to indicate the causes of Vietnam’s trade deficit, then to propose general solutions for the improvement of the trade balance, for export enhancement and import control.

Key words: trade balance between Vietnam and Thailand; Vietnam’s import from Thailand; Vietnam’s export to Thailand; Vietnam’s trade deficit

JEL code: F