Trade and economic cooperation between Ukraine and Vietnam is based on the following documents: Agreement between the Government of Ukraine and the Government of Vietnam on trade and economic relations (1992); Agreement between the Government of Ukraine and the Government of Vietnam on the Ukrainian-Vietnamese Intergovernmental Commission on trade-economic and scientific-technical cooperation (1993) The last 14th meeting of this Commission was held in Kyiv in October 2017.
In 2019, the trade turnover between Ukraine and Vietnam was 536 million USD: exports - 103.9 million (74.3% compared to 2018), and imports - 432.1 million (104.8% compared to 2018). Ukraine’s negative balance in 2019 was $ 328.2 million USD.
The structure of Ukrainian exports in 2019:
1. ores, slags and ash - 28.1%
2. meat and edible offal - 16.2%
3. residues and waste from the food industry (feed) - 11.8%
4. wood and wood products - 7.7%
In the I-III quarter of 2020:
1. cereals - 52.5%
2. ores, slags and ashes - 22.8%
3. wood and wood products - 4.8%
4. residues and waste from the food industry (feed) - 4%
Imports of goods from Vietnam in 2019 are mainly:
1. electric machines (mobile phones) - 53.3%
2. footwear - 10.8%
3. boilers and machines - 8.5%
4. coffee and tea - 5.3%
In the I-III quarter of 2020:
1. electric machines (mobile phones) - 51.6%
2. footwear - 10.7%
3. boilers and machines - 7.2%
4. coffee and tea - 5.1%
The volume of trade in goods for the I-III quarters of 2020 was 457.7 million USD, that increased by 65.2 million dollars in absolute terms and by 16.6% in relative terms, compared to 2019. Exports - 140.5 million USD (increase in absolute terms - 65.25 million USD, relative - 70.7% by 2019); Imports - 317.2 million USD (increase in absolute terms - USD 7 million, relative - 2.27% by 2019).
Scientific and technical cooperation between the two countries is based on an agreement between the governments of Ukraine and Vietnam on Scientific and Technological Cooperation (1996) and the Agreement between the National Academy of Sciences of Ukraine and еру National Center for Natural Science and Technology of Vietnam (2000).
This field is reasonably considered as one of the most promising areas of bilateral cooperation. Organizationally it is provided by a Joint Subcommittee on Scientific and Technical Cooperation. The last, fifth meeting of this body was held on December 5-9, 2011 in Hanoi.