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Background and Objectives: The Luang Prabang–Indochina–Mawlamyine Economic Corridor (LIMEC) seeks to enhance regional integration across Laos, Thailand, and Myanmar through multidimensional collaboration in economic, political, and sociocultural domains. Established in 2015, LIMEC has prioritized trade, investment, tourism, education, healthcare, and logistics, supported by cooperation between governments, private enterprises, and cross-border networks. Phitsanulok Province, located in lower northern Thailand, is increasingly recognized as a pivotal hub within LIMEC and the Greater Mekong Subregion (GMS). Its location at the intersection of key regional corridors provides strategic advantages for connectivity, logistics, and trade. However, unlike other cooperative frameworks such as Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) or Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), LIMEC lacks an institutionalized governance structure or systematic mechanisms for coordination. This absence of institutional frameworks hinders policy alignment between national and local levels, constrains investment flows, and restricts long-term collaboration. Accordingly, this study evaluates Phitsanulok’s readiness to align with LIMEC’s strategies by employing border studies theory, focusing on governance practices, interdependence mechanisms, and cross-border initiatives to foster sustainable regional development. Methodology: A qualitative design was adopted, combining documentary analysis with in-depth, semi-structured interviews involving provincial administrators, policy planners, and development officials in Phitsanulok. Content analysis was used to interpret data, examining three critical areas: governance and institutional capacity, regional interdependence, and the province’s strategic fit within LIMEC’s developmental framework. Main Results: The findings highlight three dimensions of readiness. In the political dimension, although governance structures exist, interviewees unanimously identified persistent challenges: policy fragmentation, inconsistency, and discontinuity. Economically, Phitsanulok’s location and infrastructure offer robust advantages for logistics, trade, and tourism. Nevertheless, the modernization of logistics systems, fiscal continuity, and investment coordination remain incomplete. Socio-culturally, the province possesses rich cultural assets and entrepreneurial potential that could support tourism and creative industries; however, these resources are not yet systematically integrated into sustainable development plans. Collectively, these dimensions reveal both substantial opportunities and enduring constraints that must be addressed through targeted reforms and institutional innovation. Discussions: Phitsanulok’s role within LIMEC rests on three interconnected pillars. First, cross-border collaboration and infrastructure development are crucial for enhancing trade flows and achieving integration. Second, consistent policies and long-term strategic leadership are essential for sustaining growth, especially in addressing implementation gaps across political transitions. Third, mobilizing local cultural heritage through tourism promotion and product innovation can significantly expand economic opportunities for communities. Yet, challenges persist due to limited funding, institutional fragmentation, and policy discontinuity. These highlight the necessity of coordinated action among central government, provincial authorities, private enterprises, and local communities to ensure synergy in development. Conclusions: The study determines that Phitsanulok is strategically positioned to emerge as a regional hub within LIMEC. Realizing this promise necessitates enhanced governance, more precise budget allocation, and sustained policy coherence. The enhancement of political, economic, and cultural capabilities relies on multi-tiered governance that integrates the state, market, and community. Through entrenched autonomy, robust institutions, and transnational collaboration, Phitsanulok may advance towards more inclusive, sustainable, and resilient regional development.