Norway and the other EFTA States, Iceland, Liechtenstein and Switzerland, have today signed a free trade agreement with Viet Nam. The agreement will eventually eliminate tariffs on almost all goods exported from Norway to Viet Nam.
Around half of all Norwegian exports to Viet Nam will be tariff-free when the agreement enters into force. More than 98% will be tariff-free within seven years.
No tariffs on salmon and mackerel
Viet Nam currently imposes tariffs of up to 15 % on Norwegian salmon and mackerel. When the agreement enters into force, salmon can be exported tariff-free. Tariffs on mackerel will be phased out over three years.
'The agreement will give Norwegian seafood exporters conditions on a par with those enjoyed by key competitors and create opportunities for increased seafood exports to Viet Nam. The Government prioritises securing market access and negotiating new free trade agreements, with seafood playing a key role,' said Minister of Fisheries and Ocean Policy Marianne Sivertsen Næss.
Investment and trade in services
The free trade agreement will facilitate increased investment and trade in services. It also includes an ambitious chapter on trade and sustainable development.
Trade between Norway and Viet Nam has grown steadily in recent years. In 2025, total trade in goods amounted to around NOK 19 billion.
'Viet Nam is one of the fastest-growing economies in Asia. This agreement will give Norwegian businesses better market access and greater predictability, and help them diversify as they create value and jobs here in Norway,' said Minister of Trade and Industry Cecilie Myrseth.