The trade cooperation between Vietnam and Germany has maintained positive growth over the years, though in the context of global trade fluctuations, with the Vietnam-EU Free Trade Agreement (EVFTA) significantly contributing to this growth, according to the Ministry of Industry and Trade of Vietnam.
According to Vietnam Customs, the implementation of the EVFTA has notably boosted trade between Vietnam and Germany, with trade figures rising from nearly $10 billion in 2020 to $11.7 billion in 2024, and projected to reach $13.3 billion in 2025.
In 2025, Vietnam - Germany two-way trade has experienced positive growth, with 10-month value estimated at over $11.14 billion, an increase of 15.1 per cent compared to 10 months of 2024.
Ms. Dang Thi Thanh Phuong, Vietnam's Trade Counselor in Germany, assessed that the EVFTA is a crucial factor in maintaining bilateral trade growth amid the global trade disruptions caused by Covid-19, the conflict in Ukraine, and the Red Sea supply chain disruptions.
The Vietnam Trade Office in Germany stated that in the context of global trade competition, German and European companies are adjusting their supply chain strategies towards diversifying sources and enhancing production cooperation with reliable partners. Germany, being the largest market in the EU, has high income and diverse needs, especially as the Asian community continues to expand.
To maximize the long-term effectiveness of the EVFTA, the Vietnam Trade Office in Germany suggests that there needs to be stronger steps in upgrading production capacity, product traceability, green transformation, sustainable human development, and promoting localization. This is not only an opportunity to expand the market, but also a lever to upgrade the growth model and enhance Vietnam's position in the regional and global value chain.
Notably, the German market is increasingly tightening standards on traceability, green development, and sustainability. Besides the EU's general regulations, German distribution systems also have their own product quality requirements.
Therefore, to support businesses from both countries in strengthening connections and expanding the market in Germany, the Trade Office has established a Portal on the German market.
In trade promotion efforts, the Trade Office has and will continue to implement measures to support Vietnamese businesses in participating in trade fairs in Germany; encourage stakeholders to include Vietnam in the list of partner countries of the Import Support Program funded by the German Federal Ministry for Economic Cooperation and Development; build relationships with German states and cities, major German industry associations...
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