Vietnam–Chile bilateral trade nears US$2.1 billion in 2025

According to Chilean figures, bilateral trade between Vietnam and Chile reached nearly US$2.1 billion in 2025, up about 40% from 2024. Vietnam is Chile’s largest trading partner in ASEAN, while Chile is Vietnam’s fourth-largest trading partner in Latin America.

Vietnamese Ambassador to Chile Nguyễn Việt Cường said in an interview with Chilean media that the two economies are complementary, with potential to expand trade in agricultural products, seafood, industrial goods and equipment for the energy transition. The two sides could also advance cooperation in investment, supply chains and logistics. These areas of cooperation are prospects identified by the ambassador, not projects that have already been agreed.

On regional cooperation, the ambassador said APEC provides a platform for Vietnam and Chile to strengthen dialogue and promote trade and investment. The two countries signed a free trade agreement during the 2011 APEC leaders’ meeting. Vietnam became a BRICS partner country in June 2025 and plans to participate in initiatives aligned with its development priorities, including digital transformation, the green economy and sustainable supply chains.

Vietnam plans to host APEC for a third time in 2027, having previously hosted it in 2006 and 2017. The ambassador said Vietnam is preparing the meeting’s agenda, facilities and organization; the 2027 leaders’ week is expected to take place on Phú Quốc. Vietnam is also considering new initiatives to promote business connections, trade and investment.

Source: VietVance