Both the EU and Vietnam have huge potential for cooperation in various fields, including politics, security, economy, culture, and peace-keeping activities.

With the consent of the trade committee, the European Parliament is set to vote on the trade deal and the investment protection agreement at its February session in Strasbourg.

Thousands of overseas Vietnamese have returned to the country due to global rising threats and limited travel options.

Once Vietnam's parliament ratifies the trade deal, it can enter into force 30 days after Vietnam and the EU have notified each other that legal procedures have been completed.

The EU-Vietnam agreement is the most comprehensive trade agreement the EU has concluded with a developing country.