Free trade agreements have been relaunched after geopolitical tensions following the US commercial war. The negotiations of free trade between Vietnam and the major European powers, including Norway, Switzerland, Iceland, and Liechtenstein, were interrupted in 2025 but were resumed just a few weeks before the celebration of the anniversary of the first free trade agreement between Vietnam and Europe, October 18, 2026. Vietnam has signed these agreements with the Free Trade Association (FTA), which includes Norway, Switzerland, Iceland, and Liechtenstein.

The import of products such as fish, shoes, textiles, machinery and equipment, electronics and components, and chemical and pharmaceutical products has been reduced from zero duty at the time of entry into force of the agreement to full market access within the first seven years of the agreement's entry into force. The data published by the Vietnam General Trade Directorate indicates that the main exported products from Vietnam to the European market are fish, shoes, textiles, machinery and equipment, electronics and components, and chemical and pharmaceutical products. The import of industrial machinery and chemical materials necessary for production has been reduced from zero duty at the time of entry into force of the agreement.

In the last eight months of 2025, the negotiations of free trade with Vietnam reached a conclusive term, marking the end of geopolitical tensions due to the US commercial war. These agreements of free trade with Vietnam represent a great opportunity for the country, increasing its international competitiveness and improving the living conditions of its citizens. These agreements of free trade with Vietnam not only have a positive impact on the economies of Europe but also on global stability.

The relative economic and political stability in Vietnam has led to a significant increase in its international competitiveness, making it more attractive to foreign investments and enhancing its position of power in the world economy. Vietnam has demonstrated itself to be an important partner for the world through these agreements of free trade, showing how it can be a model of growth and prosperity based on an open and competitive market. These agreements of free trade with Vietnam represent a step forward in realizing a more equitable and prosperous world where all countries can benefit from their existence and growth.