Is Vietnam Becoming the New Thailand? Southeast Asia’s growth story shifts as Hanoi edges ahead
Vietnam’s sudden rise as a regional export powerhouse is rewriting the Southeast Asia growth script, and Thailand now faces a reality check about its long-held status as the premier value creator in the region. In a world where global demand has swung between booms and slowdowns, Vietnam has shown resilience by expanding exports, posting healthy current account surpluses, and courting far-reaching investment in electronics and higher-value manufacturing. For Thai readers, the implications are practical: supply chains, jobs, and public policy may tilt toward a more multipolar regional economy where Vietnam’s gains are hard to ignore, even as Thai leaders seek ways to sustain growth through diversification.