THE SOCIALIST REPUBLIC OF VIET NAM
Government News
Viet Nam, EFTA member countries sign free trade agreement
VGP – Viet Nam and four member countries of the European Free Trade Association (EFTA) signed a free trade agreement in Ha Noi on October 18 in the presence of General Secretary and President To Lam.
General Secretary and President To Lam (6th from left, back row) witnesses the signing ceremony of the free trade agreement between Viet Nam and the European Free Trade Association member countries, Ha Noi, October 18, 2026. Photo: VGP
The signing of the new trade deal marks an important milestone in the relations between Viet Nam and the four European countries, reflecting their determination in enhancing economic cooperation and promoting free trade amid global economic fluctuations.
The trade pact covers a wide range of important areas such as trade in goods, trade in services, investment, intellectual property, government procurement, competition, small and medium-sized enterprises, dispute settlement, and sustainable development among others.
The trade pact is expected to open up new opportunities for Viet Nam to diversify export markets, attract high-quality investment, advanced technology, and modern governance expertise from top European economies.
Established in 1960, the EFTA is the intergovernmental organization of Iceland, Liechtenstein, Norway and Switzerland./.