US EditionEU, Vietnam to agree to boost work on minerals, chips, "trusted" 5G, draft document says
The EU-Vietnam strategic partnership targets critical minerals and semiconductors to diversify supply chains amid geopolitical tensions with China, boosting trade by 10%-15% annually.
- On Thursday, European Council President Antonio Costa will sign a draft joint statement in Hanoi, upgrading EU-Vietnam diplomatic relations to a comprehensive strategic partnership.
- The 2020 EU‑Vietnam free trade agreement removed nearly 99% of tariffs, and bilateral trade increased about 40%, reaching about $73.8 billion in 2025, with $30 billion in FDI.
- Semiconductors and trusted communications are listed as priorities, with supply‑chain work, 5G led by Ericsson and Nokia, some Huawei contracts, and non‑sensitive defence technology transfers explored.
- Amid regional tensions, the upgrade sends a geopolitical signal, including indirect criticism of the United States, China, and Russia, and calls for stability in the South China Sea, Costa said.
- Earlier this month Vietnam began construction of its first domestic semiconductor production facility, while the eight-page draft joint statement aligns with EU nations' interest in infrastructure and Vietnam’s rare earths and gallium processing potential.
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Both sides also seek closer cooperation at 5G. EU countries are also interested in investing in Vietnamese infrastructure such as railway projects.
EU and Vietnam to Expand Cooperation on Minerals, Chips and ‘Trusted’ 5G
The European Union and Vietnam are set to boost trade and investment in critical minerals, semiconductors, and strategic infrastructure, according to a draft joint statement seen by Reuters. The statement is expected to be adopted on Thursday during a visit by European Council President Antonio Costa to Hanoi, coinciding with Vietnam’s recent reappointment of To […] The post EU and Vietnam to Expand Cooperation on Minerals, Chips and ‘Trusted’ 5…
EU, Vietnam to agree to boost work on minerals, chips, "trusted" 5G, draft document says
HANOI - The European Union and Vietnam want to boost trade and investment in critical minerals, semiconductors and infrastructure, according to a draft joint statement seen by Reuters that is set to be adopted on Thursday as the two sides upgrade diplomatic relations.
Vietnam, EU Set to Announce Comprehensive Strategic Partnership
(Bloomberg) — Vietnam and the European Union are expected to announce a comprehensive strategic partnership as European Council President Antonio Costa begins his official visit to the Southeast Asian nation on Thursday.
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