The music and spoken language domains share acoustic properties such as fundamental frequency (f0, perceived as pitch), duration, resonance frequencies, and intensity. In speech, the acoustic properties form an essential part in differentiating between consonants, vowels, and lexical tones. This study investigated whether there is any advantage of musicality in the perception and production of Thai speech sounds. Two groups of English-speaking adults—one comprising formally trained musicians and the other non-musicians—were tested for their perception and production of Thai consonants, vowels, and tones. For both groups, the perception and production accuracy scores were higher for vowels than consonants and tones, and in production, there was also better accuracy for tones than consonants. Between the groups, musicians (defined as having more than five years of formal musical training) outperformed non-musicians (defined as having less than two years of formal musical training) in both the perception and production of all three sound types. Additional experiential factors that positively influenced the accuracy rates were the current hours of practice per week and those with some indication of an augmentation due to musical aptitude, but only in perception. These results suggest that music training, defined as formal training for more than five years, and musical training, expressed in hours of weekly practice, facilitate the perception and production of non-native speech sounds.