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EU-Vietnam agreement

EU-Vietnam Trade Agreement and Investment Protection Agreement

Country or region

• Vietnam

Trade topics

• Negotiations and agreements

The European Union and Vietnam signed a Trade Agreement and an Investment Protection Agreement on 30 June 2019.

The agreements provide opportunities to increase trade and support jobs and growth on both sides by:

• Eliminating 99% of all tariffs;
• Reducing regulatory barriers and overlapping red tape;
• Ensuring protection of geographical indications;
• Opening up services and public procurement markets, and;
• Making sure the agreed rules are enforceable.

The European Parliament gave its consent to both Agreements on 12 February 2020 and the Free Trade Agreement was concluded by EU Member States in the Council on 30 March 2020.

The Trade Agreement entered into force on 1 August 2020.

The Investment Protection Agreement will enter into force when it is ratified by all EU Member States. As of the end of October 2023, 16 EU Member States had ratified it.

• Press release
• Memo

About the agreement

Committees and Dialogues

The EU and Vietnam meet regularly to discuss issues and best practices when applying the trade agreement.

Factsheets and guides

Areas of the deal, benefits for EU firms, outcome for EU member countries

Texts of the agreements

Read the different sections of the agreement

EU-Vietnam in your town

EU-Vietnam trade in your town

See detailed data on companies exporting from each European town to Vietnam.

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More on Trade relations

Vietnam

EU trade relations with Vietnam.

Exporters' informationExporting from the EU, importing into the EU — all you need to know is on the Access2Markets portal

Latest news

• News article
• 7 May 2024

Commission fights circumvention of tariffs on imports of cold-rolled stainless steel

Today, the European Commission countered the circumvention of its anti-subsidy measures on cold-rolled stainless steel (SSCR) from Indonesia by extending the measures to also cover imports from Taiwan, Türkiye and Vietnam.

• 1 min read

• News article
• 20 February 2023

Vietnam eases access to EU pharmaceuticals

On 8 February, Vietnam extended the validity of existing marketing authorisations of pharmaceutical products until 2024. For the next two years, EU exporters of pharmaceuticals will thus avoid having to go through complex procedures for the renewal of their marketing authorisation.

• 2 min read

• News article
• 20 October 2022

Vietnam ends discriminatory treatment against pharmaceutical products from EU Member States

The EU welcomes the removal by Vietnam, as of today, of discrimination against a number of EU Member States' regulatory authorities for pharmaceutical products.

• 2 min read

All the latest news on EU trade

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