Vietnam is the ASEAN relationship with the clearest current institutional momentum: both countries formally launched negotiations on a bilateral Preferential Trade Agreement (VPPTA) in 2025-26, aiming to multiply trade currently under $1 billion by 5-10 times.
Vietnam is the ASEAN relationship with the clearest current institutional momentum: both countries formally launched negotiations on a bilateral Preferential Trade Agreement (VPPTA) in 2025-26, aiming to multiply trade currently under $1 billion by 5-10 times.
Embassies: Pakistan's Embassy in Hanoi is also concurrently accredited to Laos.
Relations were established on 8 November 1972. Pakistan's MOFA cites growing cooperation in aviation, tourism and sports alongside the core trade relationship, with both sides describing the tie as cordial and committed to reaching its "full potential."
| Agreement / Mechanism | Date | Scope |
|---|---|---|
| Vietnam-Pakistan Preferential Trade Agreement (VPPTA) | Negotiations launched 2025-26 | Officially launched negotiations aimed at increasing bilateral trade turnover — currently under $1 billion/year — by 5-10x within a few years. |
Trade has grown steadily: roughly doubling from $331M (2013) to $705M (2023), and reported at over $850M for the most recent full year available, with the VPPTA negotiations explicitly framed by both governments as the mechanism to break past the $1 billion ceiling.
| Year | Trade volume | Source |
|---|---|---|
| 2013 | $331M | Modern Diplomacy / Vietnam+ reporting |
| 2021-22 | $907M | Pakistan MOFA (mofa.gov.pk) |
| 2023 | $705M | Modern Diplomacy, Oct 2025 |
| most recent full year | ~$850M+ | Vietnam+ (VietnamPlus), 2026 reporting |
Investment & market notes: Both trade ministers have called for advanced business-to-business linkages and joint ventures in textiles, agriculture, pharmaceuticals, IT and energy -- the VPPTA is explicitly designed to leverage what officials describe as complementary economic strengths.
Vietnam is the single most actionable near-term ASEAN opportunity given the live VPPTA negotiation -- a business or policy audience engaging now is engaging ahead of a trade architecture still being written, not reacting to one already locked in.
Sports and aviation cooperation are the most concretely named people-to-people/institutional links beyond trade.
This page is compiled from open-source, primarily official material (Pakistan's Ministry of Foreign Affairs, mission/embassy pages, and government-to-government meeting readouts), cross-checked against reputable news reporting and, where available, peer-reviewed academic research. Where sources gave differing figures for different years, both are kept rather than silently reconciled. Items are marked as an open gap where no verified information could be found, rather than estimated. This tracker is a living document, updated as new agreements, visits or data are published.
Disclaimer: This tracker presents open-source research compiled by the IPDS Centre for ASEAN Studies research desk. It does not represent an official position of the Government of Pakistan, and does not constitute an endorsement by IPDS of any state's position on unresolved disputes referenced herein.