EFTA and Vietnam Conclude Free Trade Agreement; Liechtenstein PM Visits Hanoi
What happened
Liechtenstein Prime Minister Brigitte Haas traveled to Vietnam for a three-day official visit. The visit followed the conclusion of negotiations on a free trade agreement between Vietnam and EFTA. In 2025, bilateral trade between Liechtenstein and Vietnam reached approximately US$9.8 million, with Vietnam importing $9.71 million and exporting $90,000 to Liechtenstein.
From vietnamnews.vn
Why it matters
The new free trade agreement establishes a deeper economic framework between Vietnam and EFTA. This expansion of trade ties is expected to provide fresh impetus for more substantive bilateral cooperation between the two regions.
From vietnamnews.vn
Who's involved
- Brigitte HaasPrime Minister of Liechtenstein, who led the delegation to Vietnam
- LiechtensteinGeopolitical state that is a member of EFTA and benefited from the trade agreement
- VietnamGeopolitical state that signed the new free trade agreement with EFTA
- European Free Trade AssociationInternational trade organization that established the free trade agreement with Vietnam
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- LiechtensteinSpeculative
Liechtenstein might see expanded market access and increased trade opportunities due to the new agreement.
- VietnamSpeculative
Vietnam could see increased trade and investment connections facilitated by the new economic framework.
- SwitzerlandSpeculative
Switzerland may benefit from expanded market access for EFTA members under the new trade agreement.
- IndiaSpeculative
India could benefit from the bloc's expanded trade scope and geopolitical reach as an EFTA member.
- IcelandSpeculative
Iceland could benefit from the bloc's expanded trade scope and geopolitical reach as an EFTA member.
Keep exploring
The entities involved
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European Free Trade Association
international trade organization and free trade area
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Liechtenstein
country in Central Europe