Political Relations
Diplomatic relations between Türkiye and Vietnam were established on June
7, 1978.
Both countries have embassies in each other's capitals.
The first visit at the Prime Minister level was by then-Prime Minister H.E.
Binali Yıldırım to Vietnam on August 23-24, 2017. Vietnam’s Prime Minister
H.E. Pham Minh Chinh visited Türkiye on November 29-30, 2023.
At the Foreign Minister level, official visits from Türkiye to Vietnam took
place in 1998, 2010, and 2015, and from Vietnam to Türkiye in 2009.
There are mutual friendship groups in the Grand National Assembly of
Türkiye (TBMM) and the National Assembly of Vietnam.
Commercial and Economic Relations
There is a Joint Economic Commission (JEC) mechanism between the two
countries.
The Foreign Economic Relations Board (DEİK) Türkiye-Vietnam Business
Council has been active since 2005.
Türkiye is the largest investment partner of Vietnam in the Middle East
region, with a total investment of approximately 1 billion USD.
Turkish Airlines operates 14 flights per week between Istanbul-Hanoi and
Istanbul-Ho Chi Minh City, with one flight daily on each route. Turkish
Airlines also operates 10 scheduled cargo flights per week to Hanoi and Ho
Chi Minh City.
"Trade, Economic, and Technical Cooperation Agreement," "Tourism
Cooperation Agreement," "Double Taxation Avoidance Agreement," "Mutual
Promotion and Protection of Investments Agreement," and "Customs
Cooperation and Mutual Administrative Assistance Agreement" form the legal
basis for trade and economic relations between the two countries.
Bilateral Trade
Türkiye’s Exports: 351 million USD (2019),
244 million USD (2020), 336 million USD (2021), 343 million USD (2022), 425
million USD (2023)
Türkiye’s Imports: 1.57 billion USD
(2019), 1.36 billion USD (2020), 1.57 billion USD (2021), 2.06 billion USD
(2022), 2.71 billion USD (2023)
Bilateral trade volume: 1.92 billion USD (2019), 1.60
billion USD (2020), 1.90 billion USD (2021), 2.40 billion USD (2022), 3.13
billion USD (2023)
Balance: -1.21 billion USD (2019), -1.11 billion USD (2020),
-1.23 billion USD (2021), -1.71 billion USD (2022), -2.28 billion USD (2023)
Türkiye’s major export items: Machinery and equipment,
inorganic chemicals, spices, cotton textiles, pharmaceuticals, plastics and
products, metal ores-slags, fish, natural stones
Türkiye’s major import items: Wireless telephone devices,
automatic data processing machines, synthetic filament yarns, textiles
woven from synthetic filament yarns, cotton yarn, natural rubber, cashew
nuts, shoes
Source: Turkish Statistical Institute (TÜİK)