Welcome to the website of the Delegation of the European Union in Vietnam. This is an open door to the institutions and policies of the EU and it provides an over view of the activities of the European Union in Vietnam in the fields of foreign policy, development cooperation, trade policy, economic policy, regional integration, information and culture.
With the entry into force of the Treaty of Lisbon in 2009 and the establishment of the European External Action Service, the EU has a strengthened role with modern institutions and optimized working methods. These changes have enable us to speak with one single voice to address challenges such as globalization, climatic and demographic changes, security and energy.
With more than 500 million citizens and a single currency - the euro- that is used by 330 million of them, the EU is a giant economic entity, the largest economy in the world of trade, investment and a technological innovation power house. We are also an influential political and security actor in the globe, and a major actor in setting the international policy agenda. EU-Vietnam relations have developed vigorously since the establishment of diplomatic relations two decades ago. The EU has continued to be the second most important market of Vietnam-made commodities for the past five years, consuming an average 20% of Vietnamese exports every year. It is also one of the biggest FDI partners of Vietnam, being ranked 2nd biggest investor in terms of committed FDI in 2010, and consistently one of the top ranking investors over the recent years. The European Union is the biggest donor of grant development aid to Vietnam, and is actively assisting Vietnam in priority sectors and areas such as integrated human development, support to the process of economic and social reform, and the facilitation of Vietnam's integration into the world economy and international community.
The European Union and Vietnam have concluded and signed a new Partnership and Cooperation Agreement (PCA). This agreement will broaden and strengthen the existing framework for co-operation between the EU and Vietnam, with a new forward-looking and modern agenda covering many new areas such as research, climate change, security, technology, environment, etc.
On June 26, 2012, the EU and Vietnam officially launched negotiations for a bilateral Free Trade Agreement (FTA). This advanced 21st century FTA, possibly a new generation of bilateral FTAs between developed and developing countries, is expected to further improve the market access for goods, services and other trade-related activities from both sides to their mutual benefits while boosting Vietnam's sustainable development.
I hope that you will find this site informative and useful. If you do not find the information you need, or have any suggestion for improving the site, please do not hesitate to contact us. Your feedback will be very welcome.
Franz Jessen, Ambassador - Head of Delegation