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US-Vietnam economic relations

4 eventsActive since 15 Oct 2026Updated 18 Oct 2026Economic

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economic18 Oct 2026

Vietnam signs free trade deal with European Free Trade Association

On October 18, Vietnam and the European Free Trade Association (EFTA)—comprising Iceland, Liechtenstein, Norway, and Switzerland—signed a free trade agreement in Hanoi. The deal, which follows negotiations that began in 2012 and concluded this past July, reduces or eliminates customs duties on industrial, fish, and agricultural products. Officials stated the agreement was driven by a desire to diversify markets and reinforce a rules-based trading system amid global economic volatility and U.S.-led tariff disruptions.

economic17 Oct 2026

Pandora opens new jewelry factory in Vietnam

Danish jewelry brand Pandora opened a $150 million, 7,000-employee manufacturing facility in Ho Chi Minh City, Vietnam, marking the company’s first production site outside of Thailand. The new factory was designed to increase Pandora's global manufacturing capacity by 50%, with the ability to produce up to 60 million pieces of jewelry annually. The project, which operates entirely on renewable electricity, supports the company's objective to grow production sustainably while utilizing 100% recycled gold and silver. This expansion occurred as the jewelry market projected an annual sales growth rate of 4.1% through 2028.

economic16 Oct 2026

Vietnam considers restricting foreign residential property purchases

The Communist Party of Vietnam proposed a housing law revision that would restrict foreign residential property ownership to apartments only. Under the new policy, foreign individuals would be barred from purchasing single landed homes. This proposal specifically impacts real estate developers like Vinhomes, whose properties line streets in cities such as Hanoi.

economic15 Oct 2026

VinFast-linked Green SM enters US with Los Angeles taxi launch

Vietnamese electric-vehicle taxi operator Green SM launched its all-electric taxi services in Los Angeles this week. This expansion marked the company's first entry into the North American market and its ninth global location. The initiative served to help promote the vehicles of EV maker VinFast as both companies sought growth beyond Vietnam. This U.S. launch occurred while the Vietnamese automaker adopted a more cautious approach to the American market.

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