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Among international cooperation relations in Southeast Asia, Vietnam–Thailand relation has become a strategic partnership since 2014. Two countries have implemented many measures to promote economic and trading cooperation, and create favorable conditions for enterprises to strengthen investment and business cooperation so as to increase two-way trade turnover. In order to evaluate the development trend of this relationship and its impact on Vietnam's economic development, the paper will conduct analysis and evaluation through a number of key arguments of Constructivism. Subsequently, it will come up with solutions to promote the bilateral trade relation between the two countries in general and Vietnam's economic development in particular.