EU, Vietnam agree to deepen trade, critical minerals cooperation

The European Union and Vietnam agreed Thursday to deepen cooperation on trade, investment and critical raw materials during Vietnamese leader To Lam’s visit to Brussels.

Lam, Vietnam’s president, met European Commission President Ursula von der Leyen and European Council President Antonio Costa to discuss cooperation, regional security and global challenges.

They called for “full implementation of the EU–Viet Nam Free Trade Agreement and swift ratification of the Investment Protection Agreement,” according to a joint statement.

The leaders also agreed to “work towards developing cooperation on Critical Raw Materials” and deepen ties in technology, innovation, education, strategic infrastructure and the green transition.

They welcomed the momentum in relations following their elevation to a Comprehensive Strategic Partnership in January, reaffirming plans to advance Global Gateway investments and the Just Energy Transition Partnership.

On defense, the statement highlighted “the potential for cooperation in defence and security in accordance with their respective laws, priorities and policies.”

Existing cooperation covers maritime safety and security, cybersecurity, crisis management and capacity-building.

The leaders reaffirmed their commitment to “the promotion and protection of human rights, including through the dedicated bilateral dialogue.”

They also underscored “the importance of effective multilateralism and a rules-based international order.”