France Becomes Vietnam’s 4th Biggest Trading Partner in the EU
France has emerged as Vietnam’s fourth-largest trading partner within the European Union (EU), following the Netherlands, Germany, and Italy, according to Vietnam’s Ministry of Industry and Trade. This highlights the growing economic collaboration between the two nations.
Strong Trade Growth in 2023
In 2023, two-way trade between Vietnam and France surged by 12.9% year-on-year (YoY), reaching $5.4 billion. Of this, Vietnam exported approximately $3.4 billion worth of goods to France—a 7.5% YoY increase.
Continued Momentum in 2024
The upward trend has continued in 2024. In the first four months of the year, bilateral trade climbed by 9.7% YoY, hitting nearly $1.8 billion. This steady growth reflects strong demand and mutual economic interest between the two nations.
Key Vietnamese Exports
Vietnam’s primary exports to France include:
- Footwear
- Garments and textiles
- Other light manufactured goods
These products reflect Vietnam’s strong manufacturing base and France’s appetite for high-quality, cost-effective goods.
France’s Position in ASEAN
Beyond the EU connection, Vietnam is France’s second-largest trading partner among ASEAN nations, after Singapore. This emphasizes Vietnam’s strategic importance in France’s Asia-Pacific trade policy.
Conclusion
The growing trade volume between France and Vietnam underscores a deepening economic relationship, driven by complementary industries and favorable trade policies—especially under the EU-Vietnam Free Trade Agreement (EVFTA). This trend is expected to strengthen in the coming years as both countries seek to expand cooperation in areas such as green energy, digital transformation, and sustainable development.
