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2 clusters · 7 sources · 6 days · First seen 9 days ago · Last updated 3 days ago

Vietnam-EU economic and trade relations

Overview

Bilateral trade between Vietnam and the European Union has experienced significant growth following the implementation of the European Union-Vietnam Free Trade Agreement (EVFTA). By 2024, two-way trade reached $68.4 billion, representing a 16.8% increase from the previous year. This agreement has also served as a catalyst for economic reform, prompting Vietnamese enterprises to upgrade supply chains and encouraging improvements in institutional governance.

Building on this economic momentum, Vietnam has emerged as the leading ASEAN market for European business expansion. An annual survey by the EU-ASEAN Business Council (EU-ABC) found that 64% of surveyed European business leaders intend to expand operations in Vietnam, surpassing other major ASEAN markets such as Indonesia, Malaysia, Thailand, Singapore, and the Philippines. The survey reflects a positive regional outlook, with a majority of participants forecasting increased trade and investment within ASEAN over the next five years.

Entities

Vietnam · European Union · EU-ASEAN Business Council · Indonesia · ASEAN

Timeline

3 days ago

[BUSINESS] 5 sources
Vietnam leads ASEAN for European business expansion plans
An EU-ABC survey reveals 64% of European business leaders plan to expand in Vietnam, making it the top ASEAN destination for business growth.
9 days ago

[BUSINESS] 4 sources
Vietnam-EU trade reaches $68.4 billion under EVFTA
Six years after the EVFTA implementation, Vietnam-EU bilateral trade reached $68.4 billion in 2024, driving economic reforms and supply chain upgrades in Vietnam.

Sources

baotintuc.vn · doanhnghieptiepthi.vn · nhandan.vn · soha.vn · thuonggiaonline.vn · vietnamplus.vn · vir.com.vn