Vietnam Becomes the First ASEAN Comprehensive Strategic Partner of the EU — A New Era for Bilateral Cooperation

Vietnam and the European Union (EU) are entering a new chapter of engagement as Vietnam prepares to become the first ASEAN country to be granted the status of “Comprehensive Strategic Partner” by the EU. This historic elevation of bilateral ties comes during the official visit to Vietnam by President of the European Council António Costa on January 29, 2026 — a significant diplomatic milestone following Vietnam’s successful 14th National Congress of the Communist Party.

For over three decades, relations between Vietnam and the EU have evolved from initial humanitarian support to robust cooperation spanning trade, investment, and political dialogue. Foundational agreements such as the EU–Vietnam Free Trade Agreement (EVFTA) have played a key role in boosting economic exchange, creating opportunities for businesses on both sides.

Three Strategic Pillars of the Comprehensive Strategic Partnership

This upgraded partnership stands on three strategic pillars that capture the shared vision and evolving cooperation frameworks between Vietnam and the EU.

1. Trade and Economic Integration

Trade lies at the core of the Vietnam–EU relationship. The EVFTA has significantly contributed to bilateral trade growth, with EU–Vietnam trade volume increasing by about 40% over the past five years. As both sides face global economic uncertainties, enhancing trade liberalization, reducing non-tariff barriers, and deepening market access remain priorities under the new strategic partnership.

2. Green Transition and Sustainable Development

The second pillar focuses on green transformation and sustainability, aligning with global climate targets and energy security objectives. The EU has discussed enhanced cooperation with Vietnam’s key ministries — including the Ministry of Science and Technology and the Ministry of Industry and Trade — to advance renewable energy deployment and energy transition strategies.

A major highlight is the education and technology cooperation on semiconductor workforce development. The EU pledged support through joint initiatives worth over €54 million to train 50,000 semiconductor technicians and engineers, a crucial step for Vietnam’s ambitions in high-tech industries.

In addition, the EU encourages Vietnam’s active participation in Horizon Europe, the bloc’s flagship research and innovation program. Upcoming memoranda of understanding (MOUs) aim to strengthen expert exchanges and collaborative research in artificial intelligence (AI), semiconductors, and cutting-edge technologies.

3. Peace, Security, and Global Rules-Based Order

The third strategic pillar emphasizes shared commitments to peace, security, and international law. Vietnam has increasingly participated in UN peacekeeping missions and EU-supported initiatives, demonstrating its role as a constructive partner on global security challenges. Enhanced cooperation in maritime security underscores Vietnam and the EU’s mutual interest in a stable Indo-Pacific region.

New Opportunities for Business, Innovation, and Investment

The ASEAN comprehensive strategic partnership opens broader prospects for businesses and investors by deepening economic ties and fostering a more predictable regulatory environment. Vietnam’s position as a key trade partner — ranked among the EU’s top global partners — positions it advantageously for new bilateral economic projects and cross-border partnerships.

Strategic Vision for Long-Term Cooperation

Beyond immediate diplomatic advancement, this upgraded partnership reflects long-term shared interests in innovation, digital transformation, and environmental sustainability. The EU’s Global Gateway initiative — designed to mobilize investment in infrastructure, green energy, and digital connectivity — enhances Vietnam’s potential as a strategic hub in ASEAN.

The partnership also signals trust and mutual confidence, positioning Vietnam as a regional leader in ASEAN with deepened engagement in global value chains, science and technology hubs, and sustainable development initiatives that benefit both Vietnamese and European stakeholders.

A Transformative Partnership

Vietnam’s elevation to the first ASEAN Comprehensive Strategic Partner of the EU is more than a diplomatic formality; it represents a strategic vision for shared prosperity, green growth, and resilient globalization. Through strengthened trade, dynamic technological cooperation, and a commitment to international norms, both Vietnam and the EU are poised for stronger, mutually beneficial relations in the decades ahead.

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