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The European Union and Vietnam have finished negotiating a Trade Agreement and an Investment Protection Agreement.

Once in force, the agreements will provide opportunities to increase trade and support jobs and growth on both sides, through

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

The European Commission has submitted the proposals for signature and conclusion of both agreements to the Council. Once authorised by the Council, the agreements will be signed and presented to the European Parliament for consent. After the Parliament's consent, the Council can conclude the trade agreement, and it can enter into force. The investment protection agreement will be ratified by Member States' according to their national procedures.

The EU-Vietnam agreement in 60 seconds

A quick overview the agreements

Factsheets

Main benefits, benefits for agriculture, standards and values

EU-Vietnam trade in your town

Learn about each EU country's exports to Vietnam

Trade stories

Get inspired by some of the small firms that look forward to the EU-Vietnam trade agreement

Texts of the agreements

Read the legal texts of the agreements

Vietnam information page

Discover the current trade relations between the EU and Vietnam