Vietnam's ambassador to Ukraine: our countries have the potential to expand cooperation in trade and investment

The Ambassador Extraordinary and Plenipotentiary of the Socialist Republic of Vietnam to Ukraine, Pham Hai, speaking at a gala reception in Kyiv marking the 80th anniversary of Vietnam's National Day, stressed that cooperation with Ukraine has significant potential in the fields of economy, technology and culture.

“Over the past decades, Vietnam has achieved significant success in political, economic and social development. In 2025, our GDP is projected at about $510 billion, and foreign trade turnover in 2024 exceeded $800 billion. Vietnam is among the 35 largest economies in the world and among the top twenty leading exporters,” the diplomat noted.

The ambassador said that, despite difficult conditions, bilateral trade between Vietnam and Ukraine shows positive dynamics: in the first half of 2025 its volume grew by 30% to $560 million.

Separately, he stressed the role of the Vietnamese community in Ukraine, which numbers more than 800 people and serves as an “important bridge of friendship between peoples.”

“We highly value the contribution of Ukrainian specialists to Vietnam's development after the war, as well as the support for our diaspora in Ukraine, which is actively integrated into local society while at the same time preserving its cultural identity,” the ambassador noted.

Diplomatic relations between Ukraine and Vietnam were established on January 23, 1992. The Embassy of Vietnam in Kyiv opened in 1993, and the Embassy of Ukraine in Hanoi in 1997.

Economy of Vietnam (as of 2025)

• Population: about 100 million people.
• GDP growth: 7.1% in 2024, about 5.8% expected in 2025.
• GDP (nominal): approximately $490–510 billion – 33rd place in the world.
• GDP (at purchasing power parity, PPP): over $1.5 trillion, which places the country 23rd in the world.