A meeting between Deputy Finance Minister Paopoom Rojanasakul and Luxembourg's Finance Minister, Gilles Roth, took place on the sidelines of the 2025 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, DC. The discussion focused on linking Thailand's and Luxembourg's financial hubs, with plans to strengthen cooperation on financial infrastructure through mechanisms such as memorandums of understanding, policy and regulation exchanges, and technical support.

Paopoom highlighted Luxembourg's position as a leading financial centre in Europe and globally, describing it as a gateway to the European Union's financial markets.

Thailand aims to become a financial gateway to ASEAN nations, focusing on the international financial market, wealth management, and financial innovation.

The Thai government has assured that its financial hub would be open to operators from other countries and would enhance its financial supervision standards to meet international benchmarks.

A regulatory framework is being developed to support financial innovations, alongside efforts to develop the financial industry ecosystem, human resources, and infrastructure.

The Thai Cabinet has approved the Financial Hub Bill in principle, which would allow foreign firms to apply for licences to operate up to eight types of financial businesses within Thailand's financial hub, including commercial banking, payment services, securities, forward exchange contracts, digital assets, insurance, and insurance brokerage.

The bill is currently being scrutinised by the Office of the Council of State and would soon be tabled before the House of Representatives.

Additionally, plans are underway to list Thailand's sustainability-linked bonds on the Luxembourg Stock Exchange, further strengthening financial ties between the two nations.