Vietnam, Greece agree to open agricultural markets, step up maritime cooperation

Greece considers Vietnam an important economic partner in Southeast Asia, particularly given its impressive growth rate, said First Vice President of the Hellenic Parliament Ioannis Plakiotakis.

Acting Minister of Industry and Trade Le Manh Hung (left) meets with First Vice President of the Hellenic Parliament Ioannis Plakiotakis in Hanoi on March 3. (Photo courtesy of the Ministry of Industry and Trade)
Acting Minister of Industry and Trade Le Manh Hung (left) meets with First Vice President of the Hellenic Parliament Ioannis Plakiotakis in Hanoi on March 3. (Photo courtesy of the Ministry of Industry and Trade)

Hanoi (VNA) – Vietnam and Greece have agreed to promote the opening of agricultural markets and enhance cooperation in maritime transport and logistics, aiming to further tap the potential of bilateral trade ties.

The agreement was reached during a meeting between Acting Minister of Industry and Trade Le Manh Hung and First Vice President of the Hellenic Parliament Ioannis Plakiotakis in Hanoi on March 3, said the Ministry of Industry and Trade on March 4.

At the meeting, Hung expressed his confidence that trade relations between the two countries will continue to expand in the coming time. He noted that Greece, as a member of the European Union, could serve as a bridge to further strengthen cooperation between Vietnam and the EU.

For his part, Plakiotakis said Greece was among the first EU member states to ratify the EU–Vietnam Free Trade Agreement (EVFTA), and stressed that bilateral cooperation still holds ample room for growth thanks to opportunities generated by the deal.

Since the EVFTA took effect in 2020, two-way trade has maintained positive growth. In 2025, the figure reached nearly 587.32 million USD, up 16.42% year-on-year. Vietnam’s exports to Greece amounted to 465.54 million USD, an increase of 18.75%, while imports rose 8.85% to 121.78 million USD.

In January 2026 alone, bilateral trade turnover hit 52.7 million USD, up 27.4% year-on-year, with exports estimated at 45.3 million USD, up 25.5%, and imports at 7.4 million USD, up 40.3%.

Plakiotakis affirmed that Greece considers Vietnam an important economic partner in Southeast Asia, particularly given its impressive growth rate. He highlighted strong potential for cooperation in transport, logistics and agricultural exports.

Currently, Greece leads the world in maritime transport, operating more than 4,500 commercial vessels, accounting for about 20% of the global fleet. The country also has extensive experience in shipbuilding and repair and related logistics services.

Greek enterprises are ready to share expertise in maritime transport, shipbuilding and seafarer training with Vietnam, Plakiotakis said, adding that Greece also wishes to promote greater market access for agricultural and food products in which both sides have strengths.

Hung welcomed the proposal, expressing his hope that Greece could support technology transfer in shipbuilding and smart port operations to enhance the competitiveness of Vietnam's maritime sector. He also called on Greece to voice support within the EU for the early removal of the European Commission’s “yellow card” warning on Vietnamese seafood.

The two sides agreed to step up all-level delegation exchanges to further advance bilateral trade and economic cooperation in the time ahead./.

VNA

See more

A customer purchases E5RON92 bioethanol fuel at a PVOIL gas station on Thai Thinh street, Hanoi (Photo: VNA)

Retail fuel prices rise sharply in March 5 adjustment

According to the Ministry of Industry and Trade, the global fuel market during the latest price adjustment period from February 26 to March 4, 2026 was influenced by several major factors, including the escalating military conflict between the US – Israel coalition and Iran.

Workers at a textile factory in Hanoi (Photo: VNA)

Supporting industries seek fresh growth momentum

Against a backdrop of global uncertainty and supply chain restructuring, the Government has introduced a range of measures aimed at injecting new momentum into domestic manufacturing. New provisions covering workforce training, testing and certification, trade promotion and technology upgrades have been implemented.

Workers package fruits at the factory of Vina T&T Group (Photo: nhandan.vn)

Vietnamese exporters adapt to escalating Middle East conflict

The Ministry of Industry and Trade’s Export-Import Department forecasts upward pressure on global prices for consumer goods, fuel, and crude oil in the coming time. Such hikes could exert indirect but broad negative effects on Vietnam’s overall production and trade, with particular exposure in exports destined for the Middle East.

The MoIT will closely monitor global oil prices, output, inventories and trade flows to adjust imports and domestic supply accordingly. - Illustrative image (Photo: VNA)

Vietnam triggers fuel contingency plan over Middle East crisis

The Ministry of Industry and Trade will closely monitor global oil prices, output, inventories and trade flows to adjust imports and domestic supply accordingly. It will also intensify oversight of key traders’ compliance with their 2026 minimum reserve obligations.

Workers process tra fish for export. (Photo: VNA)

Agro-forestry-fishery exports up over 17% in first two months

Of the total export value in the January–February period, agricultural products accounted for 6.09 billion USD, up 17.1% year-on-year. Seafood exports reached 1.76 billion USD, marking a sharp increase of 23.3%, while forestry products brought in 2.82 billion USD, up 7.4%.

Many private businesses are investing in the service and real estate sectors in Da Nang. (Photo: VNA)

Da Nang augments efforts to attract high-quality investments

Da Nang has consistently implemented business support policies and a selective investment attraction strategy, prioritising high technology, smart city building and sustainable development, thereby strengthening investor confidence and enhancing the city’s competitiveness in the new development phase.

Export activities at the Cai Mep - Thi Vai port cluster (Photo: VNA)

Southern region opens wide to new wave of US investment

Since 2025, US enterprises have increasingly explored investment opportunities across provinces in the Southern Key Economic Region. Ho Chi Minh City has emerged as a leading destination, highlighted by multiple cooperation agreements concluded in late 2025.

Visitors explore Vietnamese furniture products at HawaExpo 2026. (Photo: VNA)

Ho Chi Minh City’s HawaExpo 2026 triples in scale

Held under the theme “Gateway to Vietnam Furniture Prowess” and featuring more than 2,500 booths, the four-day event is expected to serve as a gateway to exploring the genuine capabilities of Vietnam’s wood and furniture industry, as well as a strategic trading hub for international markets.

Deputy Governor of the State Bank of Vietnam Pham Thanh Ha answers reporters’ questions. (Photo: VNA)

SBV vows agile policy response amid global headwinds

In the coming period, the SBV will calibrate interest rate management in line with macroeconomic developments and inflation trends, while requiring credit institutions to publicly disclose lending rates to enhance transparency.