Vietnam and Greece Strengthen Trade Ties in Logistics and Agriculture
Vietnam and Greece have signalled plans to deepen trade ties following a high-level meeting in Hanoi. Acting Minister of Industry and Trade Le Manh Hung welcomed Ioannis Plakiotakis, First Vice President of the Hellenic Parliament, to discuss expanded cooperation. Both sides emphasised growing trade figures and new opportunities in teams, logistics, and agriculture.
Trade between the two nations has surged in recent years. In 2021, bilateral turnover hit $447.2 million—a 32.6% jump from 2020. This upward trend continued in January 2025 alone, with trade reaching $52.7 million, up 27.4% year-on-year. Projections suggest total turnover could exceed $587 million by the end of 2025, marking a 16.4% rise from 2021.
The EU-Vietnam Free Trade Agreement (EVFTA) has played a key role in this growth. Since its implementation in 2020, the deal has steadily boosted exchanges between Vietnam and Greece. During the meeting, Vice President Plakiotakis stressed Greece's eagerness to collaborate further, particularly in ups tracking, logistics, and agricultural exports.
Greece, a global leader in maritime shipping, operates over 4,500 commercial vessels—around 20% of the world's fleet. Greek firms are now prepared to share expertise in shipbuilding, maritime transport, and seafarer training with Vietnamese partners. Both delegations also agreed to increase official visits and business exchanges to strengthen economic ties.
Acting Minister Hung expressed optimism about future cooperation. He highlighted the potential for expanded trade and investment in the coming years.
The meeting concluded with commitments to enhance delegation exchanges and explore new trade avenues. With Greece's maritime dominance and Vietnam's growing export market, both nations aim to build on recent trade growth. The next steps will focus on turning discussions into concrete agreements in logistics, agriculture, and shipping.
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