Hanoi:Vietnam and the European Union have agreed to upgrade their relationship to a comprehensive strategic partnership, marking a new phase in their cooperation on trade, investment, and global issues.
The decision was announced during a high level visit by European Union leaders to Hanoi. Both sides said the move reflects their growing economic links and shared interest in stability and open trade at a time when global supply chains are under pressure.
Under the new partnership, Vietnam and the EU will work more closely on trade, technology, energy, and security. They also plan to expand cooperation in digital industries, critical minerals, infrastructure, and climate action. Leaders from both sides said stronger ties will help protect supply chains and support sustainable development.
Trade between Vietnam and the EU has grown steadily in recent years, helped by the EU Vietnam Free Trade Agreement that came into force in 2020. The EU is now one of Vietnam’s largest trading partners and an important source of foreign investment. European companies are active in manufacturing, renewable energy, and high technology sectors in Vietnam.
European officials said the upgraded partnership is not only about economics. It also includes political dialogue, people to people exchanges, and cooperation on global challenges such as climate change and regional security. Vietnam welcomed the move as a sign of trust and long term commitment from Europe.
The agreement comes as many countries rethink their trade relationships due to rising tariffs and geopolitical tensions elsewhere. Analysts say Vietnam is trying to diversify its partnerships and reduce risks linked to heavy dependence on any single market.
With this new status, both sides expect deeper cooperation and more stable trade in the years ahead, while strengthening Vietnam’s role as a key partner for Europe in Southeast Asia.