Vietnam expands bilateral trade partnerships

In July 2026 Vietnam announced an ambition to boost trade with Indonesia to $18 billion by 2028, signalling a targeted push to deepen economic ties in Southeast Asia.

Later that month, Vietnam’s Deputy Prime Minister Nguyen Van Thang hosted Dutch business leaders in Hanoi, highlighting rapidly growing Vietnam‑Netherlands relations. Bilateral trade reached over $6.74 billion in the first five months of 2026—a 21.9% year‑on‑year rise—and Dutch‑backed projects in Vietnam total more than 476, with registered capital exceeding $15 billion. The discussion emphasized cooperation in finance, logistics, high‑technology, water management, and green innovation, reflecting Vietnam’s broader strategy of attracting foreign investment and diversifying its trade partners.

Together, these developments illustrate Vietnam’s multi‑pronged approach to expanding its international trade and investment footprint, pursuing sizable agreements with both regional neighbours such as Indonesia and European partners like the Netherlands.