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Ambassadors

Pakistan, Vietnam Eye $10 Billion Bilateral Trade Target by 2025

Strategic Insights

— 1 min read

Ambassador Pham Anh Tuan of Vietnam to Pakistan said the volume of bilateral trade is expected to reach $1 billion soon, marking steady growth towards the ambitious target of $10 billion by 2025. The long-term vision between the two countries encompasses a comprehensive economic partnership, building on the solid foundation of current trade. With a combined market of 350 million people, both countries recognize the immense potential for deeper economic integration, driven by Vietnam's $800 billion global trade volume, with aspirations to reach $1 trillion.

Key Takeaways:

  • Pakistan and Vietnam aim to reach $10 billion in bilateral trade by 2025, up from the current $850 million in 2024.
  • The significant growth demonstrates the potential for deeper economic integration between the two countries, driven by Vietnam's global trade volume of $800 billion and aspirations to reach $1 trillion.
  • Key Vietnamese exports to Pakistan include electrical and electronic equipment, coffee, tea, and spices, while key Pakistani exports to Vietnam include cereals, cotton, raw hides, and leather products.
  • Both countries have identified priority sectors for cooperation, including textiles, agriculture, pharmaceuticals, information technology, and energy.
  • Vietnam has shown particular interest in increasing imports of Pakistani rice, textiles, and leather products, while welcoming Pakistani investment in Vietnam's manufacturing and technology sectors.
  • The 5th Meeting of the Pakistan-Vietnam Joint Trade Committee held in Hanoi in July 2025 marked a pivotal achievement in bilateral relations, with agreements on the Preferential Trade Agreement (PTA), trade promotion corporation, and other areas of cooperation.

Statistics:

  • Current bilateral trade volume: $850 million (2024)
  • Target bilateral trade volume: $10 billion (2025)
  • Vietnam's global trade volume: $800 billion (current) and aspirations to reach $1 trillion
  • Pakistan's imports from Vietnam: $522 million (2024)
  • Pakistan's exports to Vietnam: $328 million (2024)
  • Key Vietnamese exports to Pakistan: electrical and electronic equipment ($186.67 million), coffee, tea, and spices ($30.70 million), and man-made filaments ($20.63 million)
  • Key Pakistani exports to Vietnam: cereals ($117.26 million), cotton ($65.64 million), raw hides and leather ($26.59 million), meat products ($14.33 million), and pharmaceutical products ($10.67 million)

Sources:

  • Ambassador Pham Anh Tuan's statement to a news wire (no specific date mentioned)
  • The 5th Meeting of the Pakistan-Vietnam Joint Trade Committee, Hanoi, July 11, 2025 (exact source not specified)
  • Ambassador Pham Anh Tuan's remarks at the 5th Meeting of the Pakistan-Vietnam Joint Trade Committee (exact source not specified)

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