Vietnam has expressed strong interest in boosting trade and investment, Commerce Minister Jam Kamal Khan shared in a recent video message. Bilateral trade currently stands at around $850 million, and Vietnam aims to raise this to at least $1 billion by the end of the year or early next year. Prime Minister Shehbaz Sharif has mandated efforts to strengthen these ties.
Vietnam is exploring dual investment opportunities—both importing from and setting up production units in Pakistan. It is a leading global producer of plastic paper and has shown interest in establishing facilities within Pakistan . Vietnam is also keen on intermediate raw materials, along with textiles, fisheries, and early-stage manufacturing cooperation.
Recent data show Pakistan’s seafood exports to Vietnam reached $9 million in 2024, marking a 20% year-on-year increase. Industry leaders are targeting $25–30 million annually within five years, focusing on halal-certified fisheries and cold-chain infrastructure. This growing sector highlights Pakistan’s export diversification.
On Friday, during the revival of the Pakistan–Vietnam Joint Trade Committee (JTC) in Hanoi—after eight years—both nations committed to start negotiations on a Preferential Trade Agreement (PTA) by 2025. The JTC outlined cooperation plans across textile, fisheries, healthcare, banking, aviation, and market access.
Vietnam’s Ambassador Pham Anh Tuan emphasized institutional collaboration between Pakistani and Vietnamese trade bodies. He noted the opportunity to utilize Pakistan’s GSP+ status and Vietnam’s trade ties with ASEAN countries to unlock new markets like the EU, Australia, Japan, and South Korea.