Vietnam, Armenia Promote Trade, Investment, and Technological Cooperation

Recently, Vietnam Deputy Minister of Industry and Trade Phan Thi Thang held a working session with Suren Baghdararyan, Ambassador Extraordinary and Plenipotentiary of the Republic of Armenia to Vietnam. Attending the meeting on the Vietnam side were representatives from the Department of Foreign Market Development, the Agency of Foreign Trade, and the Trade Promotion Agency.
March 18, 2026 | 16:03
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Deputy Minister Phan Thi Thang (Photo: MOIT)
Deputy Minister Phan Thi Thang (Photo: MOIT)

At the meeting, the Deputy Minister emphasized that the visit to Vietnam by the President of the National Assembly of Armenia in 2024 and the visit to Armenia by the President of the National Assembly of Vietnam in 2025 were important milestones, helping to strengthen the solid political foundation and create momentum to promote cooperation between the two countries in various fields, including economy, trade, and investment. Since the Vietnam-Eurasian Economic Union Free Trade Agreement (VN-EAEU FTA) came into effect in October 2016, bilateral economic and trade cooperation has seen positive developments, especially during the 2019-2025 period.

Ambassador Suren Baghdararyan expressed his satisfaction with the positive progress in bilateral relations and his hope that both sides would continue to promote more comprehensive and deeper cooperation in the coming time. He affirmed that the Embassy of Armenia in Vietnam would serve as a bridge to connect Vietnamese and Armenian businesses for trade and investment. He also proposed that both sides coordinate in organizing trade promotion activities and B2B programs to create business opportunities, particularly in key sectors such as processed agricultural products, textiles and garments, electronics, and information technology.

Suren Baghdararyan, Ambassador Extraordinary and Plenipotentiary of the Republic of Armenia to Vietnam (Photo: MOIT)
Suren Baghdararyan, Ambassador Extraordinary and Plenipotentiary of the Republic of Armenia to Vietnam (Photo: MOIT)

To further enhance cooperation, both sides agreed to coordinate in organizing the second session of the Vietnam-Armenia Intergovernmental Committee on Economic, Trade, and Scientific-Technical Cooperation in 2026. The session is expected to focus on solutions to boost bilateral trade, effectively implement the Vietnam-Eurasian Economic Union Free Trade Agreement, strengthen investment cooperation, and expand collaboration in potential areas such as science and technology, information technology, logistics, and tourism.

Delegates at the meeting (Photo: MOIT)
Delegates at the meeting (Photo: MOIT)

In 2025, bilateral trade turnover between Vietnam and Armenia reached approximately 550 million USD, up 12 percent compared to 2024. Of this, Vietnam’s exports accounted for about 549 million USD, while imports from Armenia were around 1 million USD.

Vietnam’s main exports to Armenia include phones and components, computers and electronic products, machinery, equipment, tools and spare parts, handbags, and footwear.

Vietnam’s main imports from Armenia include precious stones, precious metals, and milk and dairy products.

The Vietnam-Armenia Intergovernmental Committee on Economic, Trade, and Scientific-Technical Cooperation was established in 2016 and is co-chaired by the leadership of the Ministry of Industry and Trade of Vietnam and the Ministry of Foreign Affairs of Armenia.

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