Vietnam and Panama are set to enhance their bilateral cooperation during Panamanian President José Raúl Mulino’s official visit to Vietnam from October 5 to 8. This visit aims to deepen the economic and trade relations between the two nations, with a focus on expanding collaboration across various sectors such as agriculture, telecommunications, infrastructure, maritime transport, port logistics, banking, tourism, and education.
Having established diplomatic relations in 1975, Vietnam and Panama have gradually expanded their cooperation through high-level exchanges and diplomatic consultations. Both countries are keen to leverage their strategic geographic positions to bridge Southeast Asian and Latin American markets, offering mutual benefits.
Economic cooperation forms a cornerstone of their relationship. In 2025, bilateral trade between Vietnam and Panama was approximately $478.1 million, marking a 19.2% increase from the previous year. Vietnam primarily exports footwear, electronics, textiles, vehicles, and seafood to Panama, while importing timber, seafood, and raw materials.
Panama’s strategic location along the Panama Canal enhances its role in global shipping and logistics. This creates valuable opportunities for Vietnamese businesses aiming to access Central American and Caribbean markets more effectively.
During President Mulino’s visit, both countries are expected to sign new agreements and launch initiatives designed to further boost trade, investment, and cooperation across several key sectors. Additionally, they plan to strengthen existing mechanisms for political and economic collaboration, reinforcing their commitment to a robust partnership.