Explore the 50-year history of diplomatic relations between Panama and Vietnam. Learn about key milestones, bilateral agreements, and future cooperation in trade, technology, and more.
HÀ NỘI — On August 28, 2025, the Republic of Panama and the Socialist Republic of Vietnam will celebrate a remarkable milestone: 50 years of diplomatic relations. This half-century alliance has created a vital bridge of opportunities, linking Latin America and Asia and fostering a partnership built on mutual respect and a shared vision for the future.
This historic relationship is more than just a diplomatic formality; it's a strategic partnership that has grown through cooperation in various fields, from trade to culture.
Key Milestones and Enduring Trust
The foundation of this strong alliance was built on significant moments of cooperation and support.
Panama Canal Support (1977): Vietnam was the first country to back the neutrality of the Panama Canal, a gesture that solidified trust and laid the groundwork for a long-lasting friendship..
Bilateral Agreements: Over the years, both nations have signed numerous agreements to strengthen their bond. Key examples include:
2012: A Memorandum of Understanding established a mechanism for bilateral political consultation.
2016: The Double Taxation Avoidance Agreement was signed to encourage trade and investment.
2021: A Visa Waiver Agreement for ordinary passport holders came into effect, making travel easier for business and cultural exchange.
A Future of Shared Opportunities
The relationship between Panama and Vietnam is more dynamic than ever. Recent high-level meetings, such as the one between Panamanian President José Raúl Mulino and Vietnamese Prime Minister Phạm Minh Chính at the World Economic Forum in Davos, have highlighted new areas for collaboration.
Looking ahead, both nations are focusing on strategic sectors, including:
Trade and Logistics: Panama has invited Vietnam to establish a trade office in the Colon Free Zone, leveraging Panama's strategic location as a gateway to Latin America. This move will help promote Vietnamese products and boost bilateral trade.
Agribusiness: Vietnam is ready to share its expertise in rice cultivation to support Panama's agricultural sector.
Infrastructure & Clean Energy: Both countries are committed to advancing cooperation in major infrastructure projects and the clean energy sector, including electric vehicles.
Tourism & Cultural Exchange: With the visa waiver agreement in place, there is a growing focus on boosting tourism and people-to-people connections.
Celebrating 50 Years of Friendship
To mark this significant anniversary, the Embassy of Panama in Hanoi is holding commemorative events, including a photographic exhibition and a humanitarian donation to a local rehabilitation center. These events reflect the deep cultural and humanitarian ties that complement the strong political and economic partnership.
As Panama and Vietnam look to the next 50 years, their shared commitment to diplomacy, economic growth, and mutual respect ensures a promising future. The bridge they have built across continents continues to grow stronger, creating a path for prosperity and cooperation for generations to come.
