Comprehensive Strategic Partnership

On 7th October, 2024, Vietnam and France officially elevated their relationship to a "comprehensive strategic partnership," the highest diplomatic level for Vietnam, during Vietnamese President to Lam's visit to Paris.

Key Points

Strengthened Bilateral Relations: The upgrade to a comprehensive strategic partnership signifies a deepening of ties between Vietnam and France, emphasizing mutual interests and strategic collaboration.
Collaboration in Emerging Sectors: The leaders agreed to explore cooperation in new and innovative sectors, including aerospace, artificial intelligence, and airport transport infrastructure, aiming to diversify and strengthen their partnership.
Vietnam’s Strategic Role: This move underscores Vietnam's increasingly strategic role in global supply chains, positioning it as an essential link for various international markets amid evolving global dynamics.
Growing Economic Ties: Bilateral trade between Vietnam and France reached $3.4 billion in the first eight months of 2024, reflecting a 6.9% increase compared to the same period in 2023, highlighting the economic potential of this partnership.
Vietnam's Diverse International Partnerships: Following this upgrade, Vietnam continues to engage with other major partners, including the United States, China, India, South Korea, Japan, Russia, and Australia, showcasing its diplomatic agility and strategic positioning in global affairs.