Yerevan, Hanoi point out great potential for increasing bilateral  trade 

ArmInfo.  On the sidelines of the Shanghai Cooperation Organization summit, Prime Minister of the Republic of Armenia Nikol Pashinyan met with his Vietnamese counterpart Pham Minh Chinh. They noted with satisfaction that  bilateral trade has been growing in recent years, but there is great  potential for its consistent increase.

As reported by the press service of the Armenian Cabinet of  Ministers, the interlocutors, emphasizing the importance of further  expanding and deepening friendly relations and political dialogue  between Armenia and Vietnam, discussed the agenda of mutual visits  and diplomatic contacts, intensifying cooperation in the field of  trade and investment, as well as promoting the development of  business ties.

In this regard, the active work of the Armenian-Vietnamese  Intergovernmental Commission on Economic, Scientific and Technical  Cooperation, as well as the holding of political consultations  between the Ministries of Foreign Affairs were noted.

Mutual support at international platforms, deepening ties in the  field of tourism and opportunities for organizing mutual visits were  noted.

Vietnam does not appear in the reports of the Statistical Committee  of Armenia due to the small volumes of bilateral trade turnover.  Thus, according to the latest data from the Customs Service of the  Republic of Armenia, in 2024, the customs value of goods exported  from Armenia to Vietnam increased by 9.8 times, amounting to $6.3  million, with an increase in the customs value of goods imported from  Vietnam to Armenia by 9% to $876.5 million.