Vietnam and Panama are poised to enhance their bilateral relations and broaden their cooperation during Panamanian President José Raúl Mulino’s official visit to Vietnam from October 5 to 8. The two nations are focusing on strengthening economic and trade ties, with significant potential for collaboration in sectors such as agriculture, telecommunications, infrastructure, maritime transport, port logistics, banking, tourism, and education.
Since establishing diplomatic relations in 1975, Vietnam and Panama have expanded their cooperation through high-level exchanges and diplomatic consultations. Both countries have shown interest in leveraging their strategic geographic positions to connect Southeast Asian and Latin American markets, particularly enhancing economic collaboration.
Bilateral trade between the two nations reached approximately $478.1 million in 2025, marking a 19.2% increase from the previous year. Vietnam’s main exports to Panama include footwear, electronics, textiles, vehicles, and seafood, while imports from Panama consist of timber, seafood, and raw materials. The strategic location of Panama along the Panama Canal plays a vital role in global shipping and logistics, presenting opportunities for Vietnamese businesses seeking greater access to Central American and Caribbean markets.
The visit by President Mulino is expected to result in new agreements and initiatives aimed at expanding trade, investment, and cooperation across various sectors. Both countries are also anticipated to strengthen existing mechanisms for political and economic collaboration, solidifying their partnership further.