Trade increased by 40% since the 2020 agreement
2025 marks the 35th anniversary of diplomatic relations between the European Union and Vietnam.
Starting in 1990 with a joint humanitarian program supporting the resettlement of more than 100,000 Vietnamese “boat people”, the relationship has evolved into one of the EU’s most dynamic and wide-ranging partnerships in Asia.
Among the most significant achievements of the last decade is the EU-Vietnam Free Trade Agreement, which came into force in 2020, which helped increase bilateral trade by around 40%, bringing investments in Vietnam to over 30 billion euros.
Under the European Global Gateway strategy, funded interventions support Vietnam on its path towards a low-carbon and climate-resilient economy, for sustainable green growth.
Overall, the EU continues to implement global cooperation of more than €300 million in grants to support ongoing projects and a further €160 million in grants in preparation until 2027.
The EU currently provides project funding of a total amount of €34 million to several non-state actors, with a further €20 million available for new initiatives until 2027, covering, among other areas, the circular economy and sustainable value chain development, women-led green initiatives and strengthening access to justice.
