Vietnam is targeting up to $1.2 trillion in trade in 2026 as a new free trade deal with European markets, expanding high-tech manufacturing and stronger supply chains create fresh export opportunities despite tougher global standards.

Vietnam–EU economic ties are gaining momentum, with bilateral trade growing strongly since the EU–Vietnam Free Trade Agreement (EVFTA) took effect.

Stronger links between farmers, cooperatives and businesses, and trade promotion agencies are key to expanding overseas markets, increasing export value and supporting Vietnam’s double-digit growth target.

Vietnam–EU economic ties are gaining momentum, with bilateral trade growing strongly since the EU–Vietnam Free Trade Agreement (EVFTA) took effect.

Vietnam's trade ministry has outlined three export scenarios for 2030, with the most ambitious reaching $1.041 trillion, more than twice the 2025 total, as the country seeks to move beyond volume-led growth toward higher-value goods.