HCMC – Vietnam and Turkey have agreed to work toward raising bilateral trade to US$4 billion by strengthening business connectivity and leveraging existing transport infrastructure.
The target was agreed during talks between Vietnamese National Assembly Chairman Tran Thanh Man and Turkish President Recep Tayyip Erdogan on April 16 (local time). The meeting took place on the sidelines of the 152nd Assembly of the Inter-Parliamentary Union (IPU-152) in Turkey, which the Vietnamese leader attended as part of his working visit.
To achieve the US$4 billion target, the two leaders agreed to soon convene a joint committee meeting to review and facilitate trade flows. Existing advantages such as direct flights and e-visa systems will be leveraged to boost business ties, investment, and tourism.
After nearly five decades of diplomatic ties, both sides agreed that elevating economic, trade, and investment cooperation to a new level is essential to match their potential. The visit is expected to help reinforce political trust and pave the way for deeper cooperation.
Bilateral trade between the two nations reached US$2.3 billion in 2025. In the first quarter of 2026, the figure totaled US$630 million, equivalent to around 28% of last year’s figure.
