Vietnam and Jordan Strengthen Economic Ties with $188M Trade Boost in 2024
Vietnam and Jordan have been bolstering their economic ties, with two-way trade reaching over US$188 million in 2024. Despite limited investment cooperation, both countries are eager to enhance business connectivity and explore new opportunities.
Vietnam, one of the fastest-growing economies in the region, aims to become a developed, high-income nation by 2045. It welcomes Jordanian investments, particularly in infrastructure, energy transition, and the Halal industry. King Abdullah II has expressed readiness to welcome Vietnamese enterprises seeking to invest in Jordan.
To fortify cooperation, both countries should increase exchange visits, especially business delegations. They should also review and update their 1997 Agreement on Economic and Trade Cooperation. Deputy Prime Minister Bùi Thanh Sơn has called for the implementation of outcomes from King Abdullah II's visit, transforming them into concrete programs and projects. The recent business forum served as a bridge for businesses from both countries to connect and explore cooperation opportunities in key sectors such as processing, textiles, electronics, and logistics.
Vietnam and Jordan are dedicated to strengthening their economic ties. With both countries open to investments and expressing readiness for cooperation, the revision of their economic agreement and increased business delegations are anticipated to further stimulate bilateral trade and investment.
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