Business and Trade

  • The Memorandum of Understanding between Vietnam and Norway was signed in 2006 to boost trade cooperation. And later in 2012, negotiations on the free trade agreement between Vietnam and the European Free Trade Area started. 

  • Vietnam is currently home to approximately 40 Norwegian companies.

  • Areas of business cooperation: machinery, equipment, fisheries and aqualculture, renewable energy, oil and gas, environment 

  • In May 2021, the Norwegian Ministry of Trade, Industry and Fisheries and the Vietnamese Ministry of Agriculture and Rural Development signed a Letter of Intent on strengthening and developing cooperation in marine aquaculture industry. The LOI signing ceremony took place under the framework of the 50th anniversary of Norway-Vietnam diplomatic ties (1971-2021).