Trade between Bulgaria and Vietnam increased by 15% in the first half of 2025 to nearly USD 145 million, Economy and Industry Minister Petar Dilov said on Thursday. He was speaking after meeting Nguyen Hong Dien, Vietnam’s Minister of Industry and Trade, during a high-level official visit by a Vietnamese delegation to Bulgaria, the Economy Ministry said.
Dilov noted that bilateral trade continues to make progress, with the 2024 volume exceeding USD 290 million, up 33.5% compared to 2023. “In the first half of 2025, total trade already amounts to USD 144.5 million, a 14.9% increase year-on-year. These figures, however, still fall short of the significant potential for expanding trade relations between the two countries,” he said.
The two ministers discussed opportunities for closer cooperation in industrial production, high technology, automotive components, energy, healthcare, and services. Dilov noted that bilateral economic relations are developing dynamically, and Bulgaria is working to boost exports of traditional national products such as agricultural and food goods, essential oils, cosmetics, wine, mineral water and pharmaceuticals, alongside high value-added products like electronic components, medical devices, and electrical equipment.
“We also welcome Vietnamese investment in high-potential sectors such as high-tech manufacturing and services, information and communication technologies, electronics, electrical engineering, automotive production, agriculture, food processing, and tourism,” Dilov said.
The ministers underscored that 2025 marks the 75th anniversary of the establishment of diplomatic relations between the Republic of Bulgaria and the Socialist Republic of Vietnam, a milestone in the long-standing friendship between the two countries.
They also discussed the upcoming 25th session of the Intergovernmental Joint Commission, to be hosted by Vietnam in autumn 2026. Plans include a parallel business delegation and bilateral forums in Hanoi and Ho Chi Minh City to further encourage direct cooperation between Bulgarian and Vietnamese companies.
“Our efforts are supported by the EU-Vietnam Free Trade Agreement (EVFTA), which entered into force on August 1, 2020, and the related EU-Vietnam Investment Protection Agreement (EVIPA), ratified by Bulgaria,” Dilov said. These agreements, he explained, remove almost all tariffs, reduce non-tariff barriers, strengthen protection for investments and geographical indications, and provide a transparent framework for business cooperation. “They create excellent conditions for expanding trade and investment between Bulgaria and Vietnam within the broader EU-Vietnam partnership,” he added.
The Vietnamese Minister of Industry and Trade was part of a delegation led by General Secretary of the Communist Party of Vietnam To Lam, who arrived on an official visit to Bulgaria at the invitation of President Rumen Radev. The visit marks the 75th anniversary of diplomatic relations between Bulgaria and Vietnam and is part of To Lam’s European tour, which also includes ministers and representatives of Vietnamese businesses. Economy Minister: Bulgaria-Vietnam Trade Grows by 15% in First Half of 2025 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2025-10-23 17:59:00 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law
