After more than three decades of partnership, the relationship between Vietnam and the European Union (EU) has grown comprehensively, becoming one of the key pillars of Vietnam’s foreign affairs and economic development.
During the official visit to Algeria on November 19, 2025, Prime Minister Pham Minh Chinh and his Algerian counterpart Sifi Ghrieb witnessed the signing of several important cooperation documents, including a memorandum of understanding (MoU) between the Vietnam Chamber of Commerce and Industry (VCCI) and the Chamber of Commerce and Industry of Algeria (CACI).
After more than three decades of partnership, the relationship between Vietnam and the European Union (EU) has grown comprehensively, becoming one of the key pillars of Vietnam’s foreign affairs and economic development.
In recent years, Samsung Vietnam has partnered with the Ministry of Industry and Trade to implement programs assisting domestic supporting industry enterprises.
The European Union (EU) is currently Vietnam’s third-largest export market and fifth-largest import partner, reflecting the strengthening economic ties between the two sides. The main driver of this growth is the Vietnam-EU Free Trade Agreement (EVFTA), which started in August 2020 and opened a new phase of larger and higher-quality trade.
Visa (NYSE: V), the world’s leader in digital payments, has partnered with Sacombank, Vietcombank and VPBank to launch Visa Accept in Vietnam. The solution allows micro and small businesses to accept contactless Visa payments directly on NFC-enabled smartphones, without requiring any additional hardware.
Novartis Vietnam Ltd. (‘Novartis Vietnam’), an affiliate of Novartis, a global healthcare company, and the University Medical Center of Ho Chi Minh city (UMC) signed a Memorandum of Understanding (MOU) for the 2025 – 2027 period, marking a new milestone in their long-term partnership established since 2021. The agreement aims to foster medical innovation, expand clinical research capabilities, and strengthen healthcare workforce training to improve patient outcomes in Vietnam.
The merger of Vinh Phuc, Phu Tho, and Hoa Binh into the new Phu Tho province on July 1, 2025, marked a strategic move that opens up outstanding tourism potential.
Phu Tho province is actively implementing measures to enhance investment attraction, build a sustainable business ecosystem, and strengthen its position as an appealing investment destination in the region.
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