[3][4][5] Despite its major domination in Southeast Asia, the team never won any gold medal in Asian level.

In this competition the team made top performance by finishing in fourth place, the highest in the Asian Games after 1998.

A 1–1 draw to Saudi Arabia followed by a 0–4 loss to Japan meant that Thailand needed to defeat North Korea in the final group match.

The Young Elephants prepared by hosting the friendly 2017 M-150 Cup, where they finished fourth but managed to beat Japan 2–1.

This enthusiastic performance of Thailand put up great hope for the team, having earlier conquered the 2017 SEA Games.

They opened their game with a 0–1 loss to North Korea before got slapped with the same result to Japan, eventually eliminated the Young Elephants from the competition.

To add the dismay, their defeated rivals Malaysia and Vietnam both moved on to progress from the group stage, with the latter managed to reach the final and ended in second place.

This win allowed more Thai supporters coming to cheer for the Thai side in their second encounter against underperformed Australia, instead, Thailand suffered a heartbreaking 1–2 loss to Australia despite having taken the lead and putting Thailand's quest to the final stage in their final game against Iraq.

[24] In quarterfinals Thailand have to face with the winner of Group B, Saudi Arabia and lost with penalty 1-0 end the way to 2020 Olympic Games in Tokyo.

In the 2022 AFC U-23 Asian Cup at Tashkent, the result was Thailand drew; 2-2 against Vietnam; 3-0 against Malaysia, and lost to South Korea 0-1, eliminated from the group stage with 4 points.