Economic and trade cooperation has remained the main pillar of Vietnam-RoK relations. Two-way trade reached 89.5 billion USD in 2025, up 9.6% from 2024, and 26.9 billion USD in the first three months of 2026, an increase of 30% year-on-year.
As 2025 concludes, Vietnam and the U.S. mark a seminal milestone: the 30th anniversary of the establishment of diplomatic relations. Reflecting upon this historical journey, U.S. Ambassador Marc Knapper underscored that the preceding year was characterized by a series of pivotal developments, illustrating the profound depth, resilience, and dynamic evolution of the bilateral comprehensive strategic partnership.
Economic cooperation should continue to be the focus of bilateral ties between Vietnam and the Republic of Korea, National Assembly (NA) Vice Chairman Nguyen Duc Hai said at his talks with Deputy Assembly Speaker of the RoK Chung Woo-taik in Seoul on March 20.
Prime Minister Pham Minh Chinh and his Lao host Sonexay Siphandone visited a photo exhibition on achievements in the two countries’ economic cooperation, held in Vientiane on January 12.
The nation is currently the Republic of Korea (RoK)’s third largest trading partner, while the RoK has developed into the largest direct investor in country.
Vietnam strongly supports efforts made by the International Organization of Francophonie (OIF) to promote economic cooperation in the Francophone world in an increasingly efficient manner and towards new heights.
The Regional Comprehensive Economic Partnership (RCEP) came into force as of January 1. This is the first agreement in which ASEAN plays a central role, leading economic cooperation in the region.
At the invitation of the President of Bosnia and Herzegovina, H.E. Mr. Milorad Dodik, on June 10, billionaire Mai Vu Minh - Chairman of the Board of Directors of SAPA Thale group based in Germany, Mr. Nguyen Dac Nghiep - German MP and CEO of SAPA Thale and other leaders of the group visited and worked in Bosnia - Herzegovina.
Vietnamese Ambassador to the Czech Republic Ho Minh Tuan discussed measures to bolster Vietnam-Czech Republic economic cooperation with President of the Czech Confederation of Industry and Transport Jaroslav Hanak in Prague on May 28.
Vietnam has always actively taken part in initiatives and different cooperation fields of the GMS Economic Cooperation Programme, helping to develop the economy, reduce poverty and enhance economic links in the region.
Vietnam is ready to intensify economic cooperation with Francophone countries and share experience in socio-economic development with them, especially African nations, President Tran Dai Quang has said.
Secretary of the Ho Chi Minh City’s Party Committee Dinh La Thang suggested stronger economic cooperation between Vietnam and Belarus in the context that the free trade agreement between Vietnam and the Eurasian Economic Union (EAEU) took effect on October 5.