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EU
Vietnam
EU Engagement Factsheet — Cooperation, Trade & Investment Portfolio
EUR 153,997M
Total EU Investment
20
Projects & Programmes
18
Active
10
Sectors Covered
Active (18)
Completed (2)
Planned (0)
EU Relationship Outlook:
Stable
**: On May 22, 2026, Vice Chairman of the National Assembly Nguyen Hong Dien met with a delegation f
Regional Frameworks:
Asia-Pacific
ASEAN
EU Cooperation Portfolio by Sector
Research & Innovation
1
EUR 93,500M
Horizon Europe — Asia-Pacific Research Cooperation
EU flagship research and innovation programme (EUR 93.5 billion global budget). Japan and South Korea associated to Pillar II. Open to collaboration with all Asia-Pacific partners.
Education & Skills
2
EUR 26,200M
Erasmus+ — Asia-Pacific Exchanges
EU flagship education exchange programme with EUR 26.2 billion global budget 2021-2027. Over 20,000 students, academics and staff from ASEAN countries participated.
EU Support to Higher Education in ASEAN Region (EU SHARE)
Promotes student mobility and academic harmonisation across ASEAN. Over 20,000 students, academics and staff from ASEAN have participated in Erasmus+ exchanges.
Energy & Green Transition
2
EUR 14,230M
Vietnam — Just Energy Transition Partnership (JETP)
Approximately EUR 14.23 billion of public and private financing over 3-5 years to support Vietnam green transition and clean energy development.
Vietnam — Bac Ai Pumped Storage Hydropower Project
1200 MW pumped storage hydropower project. Part of EU support for Vietnam clean energy transition aligned with JETP.
Infrastructure & Transport
4
EUR 10,000M
Global Gateway — ASEAN Sustainable Connectivity
EU pledge to mobilise up to EUR 10 billion for sustainable connectivity infrastructure investment in ASEAN through Team Europe under the Global Gateway initiative. EUR 4.2 billion engaged as of Feb 2024.
EU-ASEAN Comprehensive Air Transport Agreement
Region-to-region air transport agreement to open up more air transport opportunities and enhance direct connectivity between EU and ASEAN.
Vietnam — Hanoi Metro System
Metro system financing in Hanoi as part of EU sustainable urban transport and green transition support.
SE Asia Regional Economic Corridor & Connectivity (SEARECC)
Multi-country programme supporting regional economic corridors and transport connectivity across Southeast Asia, with Thailand as key node.
Development Cooperation
3
EUR 8,953M
Asia and the Pacific — Regional MIP 2021-2027
Regional Multi-annual Indicative Programme for Asia and the Pacific covering regional integration, connectivity, green economies, solidarity and sustainability.
Vietnam — MIP 2021-2027
EU allocated EUR 210 million (2021-2024) plus EUR 83 million (2025-2027). Focus: green transition (clean energy, low-carbon transport, green finance), skills development, governance.
EU-ASEAN Regional Cooperation — MIP 2021-2027
EU earmarked regional cooperation funding to support key areas aligned with EU-ASEAN Strategic Partnership including sustainable connectivity, green energy, digital infrastructure, maritime security and climate resilience.
Climate & Environment
2
EUR 1,000M
EU Forest Partnerships — Asia-Pacific
Building on FLEGT, EU earmarked EUR 1 billion for forest support 2021-2027. Long-term Forest Partnerships with partner countries for protecting, restoring and sustainably managing forests.
EU-ASEAN Green Initiative (Team Europe)
Team Europe Initiative supporting ASEAN green transition, sustainable energy and climate cooperation aligned with EU Green Deal external dimension.
Trade & Investment
3
EUR 94M
ARISE Plus — ASEAN Regional Integration Support
Flagship programme supporting greater ASEAN economic integration through single market implementation, trade facilitation, standards, customs, IP rights, air transport and statistics. Includes regional (EUR 41M) and bilateral country programmes.
ASEAN Customs Transit System (ACTS)
ASEAN trade facilitation initiative supported by the EU under ARISE Plus, implementing online customs transit system across ASEAN member states.
EU-Vietnam Free Trade Agreement (EVFTA)
In force since Aug 2020. Total trade EUR 76 billion in 2025. EU is largest trading partner in goods in ASEAN. Progressive tariff elimination with most machinery duties removed.
Governance & Rule of Law
1
EUR 20M
E-READI — Enhanced Regional EU-ASEAN Dialogue Instrument
Cooperation programme facilitating policy dialogue between EU and ASEAN across all three ASEAN Community pillars: Political-Security, Economic, and Socio-Cultural.
Digital & ICT
1
SCOPE Digital — Copernicus Earth Observation Southeast Asia
Expansion of EU Copernicus earth observation services across Southeast Asia for climate vulnerability monitoring, disaster risk reduction and biodiversity.
Peace & Security
1
ESIWA+ — Enhancing Security Cooperation in and with Asia
EU security project building bridges with partner countries in Asia & Indo-Pacific in four areas: counter-terrorism/P-CVE, cyber security, maritime security, and crisis management/hybrid threats. Co-funded by EC, Germany, France. Implemented by GIZ and Expertise France.
Funding Instruments
NDICI-Global Europe
6 projects
Global Gateway / Team Europe
1 project
Copernicus / Global Gateway
1 project
Erasmus+
1 project
Erasmus+ / NDICI-Global Europe
1 project
JETP / Public-Private
1 project
EFSD+ / Blended Finance
1 project
Global Gateway / EFSD+
2 projects
Treaty
1 project
EFSD+ / EIB
1 project
Horizon Europe
1 project
NDICI-Global Europe / Co-funded DE+FR
1 project
NDICI-Global Europe (ARISE Plus)
1 project
FTA
1 project
SecurityStudies.info — EU Engagement Factsheet for Vietnam — Generated