AsemconnectVietnam - Germany is the largest market in the EU, with high income and diverse needs, especially the Asian community, which is constantly expanding.

 This is an important opportunity for Vietnamese enterprises, especially when the EVFTA is taking effect.
In the context of many fluctuations in global trade, the trade cooperation between Vietnam and Germany in recent years has maintained a positive growth momentum.
This achievement is thanks to the foundation of friendship and solidarity between the people of the two countries; close and effective coordination between the ministries and branches of the two sides; along with increasingly deep connections in the business community.
In addition, the Vietnam - EU Free Trade Agreement (EVFTA) has also made a significant contribution, creating momentum to promote bilateral trade to continue to develop.
According to information from the Foreign Market Development Department, citing statistics from Vietnam Customs, by the end of October of 2025, the two-way trade turnover between Vietnam and Germany reached more than 11.1 billion USD, an increase of 15.1% compared to the first 10 months of 2024.
In particular, Vietnam's exports to Germany reached nearly 7.8 billion USD and imports reached nearly 3.2 billion USD, up by 19% and 7.2% respectively compared to the same period in 2024.
In the industrial sector, there are currently about 300 German enterprises operating in Vietnam, especially leading German corporations in the processing and manufacturing industry such as Siemens, B.Braun, Bayer, Mercedes-Benz, Bosch, ZF... have invested and operated in Vietnam.
Regarding investment, according to the Ministry of Finance, as of October 31, 2025, Germany has 509 valid investment projects in Vietnam with a total capital of 3.009 billion USD, ranking 17th out of 153 countries and territories investing in Vietnam.
Currently, Germany is Vietnam's second largest trading partner in Europe, accounting for more than 17% of our exports to the EU (according to 2024 data from Vietnam Customs); and is also an important transit gateway for Vietnamese goods to other markets in Europe.
Regarding trade cooperation between Vietnam and Germany, especially during the period when the EVFTA Agreement comes into effect, Vietnam Trade Counselor in Germany Dang Thi Thanh Phuong said that in the first phase of implementation (2020-2025), the implementation of EVFTA has contributed to the positive growth of trade between Vietnam and Germany from nearly 10 billion USD in 2020 to 11.7 billion USD in 2024 and is expected to reach 13.3 billion USD in 2025.
It can be said that the trade growth between Vietnam - EU and Vietnam - Germany in the first phase of EVFTA implementation has not had a breakthrough compared to the previous phase but has recorded positive growth.
EVFTA is an important factor helping bilateral trade maintain growth momentum in the context of world trade being heavily impacted by Covid-19, the Ukraine war, and conflicts in the Red Sea disrupting supply chains.
Assessing the growth rate of trade between Vietnam and Germany in the first 10 months of 2025, Deputy Minister Dang Thi Thanh Phuong said that Vietnam - Germany trade had positive growth in 2025 when bilateral trade turnover reached over 11.14 billion USD in the first 10 months of 2025, an increase of 15.1% compared to the first 10 months of 2024.
The high growth rate is partly due to the fact that the German economy is showing signs of recovery after 2 years of recession. GDP in 2025 is expected to grow (although very small), in addition, the prices of some key export items of Vietnam to Germany increased sharply, leading to an increase in export turnover while the increase in volume was not much.
Accordingly, in terms of value, coffee exports to Germany increased by 99.5%, pepper increased by 34.8%, vegetables and fruits increased by 40.5%, but in terms of volume, the growth was much less, even decreasing, such as coffee in terms of volume increased by only 33.2%, pepper decreased by 1.8%, vegetables and fruits 0%.
Also according to the Vietnam Trade Office in Germany, in the context of global trade competition, German and European enterprises are adjusting their supply chain strategies towards diversifying supply sources, strengthening production cooperation with reliable partners.
In terms of market, Germany is the largest market in the EU countries, with high income and diverse needs, especially the constantly expanding Asian community.
This is an important opportunity for Vietnamese businesses, especially when the EVFTA is taking effect and in Germany's Indo-Pacific strategy issued in 2020, Vietnam and Indonesia are identified as two key partners of Germany in Southeast Asia.
CK
Source: VITIC/ haiquanonline.com.vn