In an effort to diversify markets and enhance opportunities for Spanish companies in Asia, Spain and Vietnam held their first Joint Economic Cooperation Committee, a milestone that underscores the Southeast Asian nation's growing importance as a trading partner.
![[Img # 65226]](https://empresaexterior.com/upload/images/10_2025/9543_espana-y-vietnam-celebran-su-primera-comision-mixta.jpg)
The opening session took place in Madrid, at the Ministry of Economy, Trade and Enterprise. The minutes were signed by the Spanish Secretary of State for Trade, Amparo López Senovilla, and the Deputy Minister of Industry and Trade of Vietnam, Phan Thi Thang, representing their respective delegations.
Vietnam has established itself as Spain's most important trading partner within the ASEAN region, with a trade in goods that reached 5.786 million euros in 2024This figure represents 35,7% of Spain's total trade with ASEAN. Despite this solid performance, both parties recognized that there is significant room to further develop trade and investment relations, which already gained significant momentum following the signing of the Financial Protocol last April.
The holding of this Joint Commission is seen as a key bilateral forum to promote greater cooperation and strengthen high-level relations, in line with the Spanish government's strategy of opening doors to new markets, especially given the complex international environment.
Key Areas for Future Collaboration
During the meeting, they identified themselves strategic areas for joint collaboration, including: Green energies, gwater treatment, ttechnologies, iinfrastructures, toagriculture and fishing, dyt defensetourism.
Both countries emphasized the need to collaborate in innovational projects that promote mutual trade and investment, thus strengthening their economies. Additionally, ways to enhance the application of the EU-Vietnam Free Trade Agreement (EVFTA), in force since August 2020, which facilitates the access of Spanish products to the Vietnamese market by eliminating tariff and technical barriers.
Context of Bilateral Relations
La Spanish investment In Vietnam it has also shown sustained development, reaching a stock de 67,2 million euros in June 2025.
A recent milestone in bilateral relations was the visit of the Spanish Prime Minister to Vietnam in April 2025, where key agreements were signed to strengthen economic cooperation, including memoranda in areas such as food security, infrastructure, and diplomatic education, elevating the comprehensive strategic partnership between the two nations.
