'In a more unpredictable world, Norway needs to diversify its trade relations. Since this Government took office, Norway has signed seven new free trade agreements. The agreement with Viet Nam opens new opportunities for Norwegian businesses and strengthens trade relations with a country that shares our commitment to rules-based trade. This is good news for Norwegian businesses and for the Norwegian economy,' said Minister of Foreign Affairs Espen Barth Eide. 

Around half of all Norwegian exports to Viet Nam will be tariff-free when the agreement enters into force. More than 98% will be tariff-free within seven years. 

No tariffs on salmon and mackerel 

Viet Nam currently imposes tariffs of up to 15 % on Norwegian salmon and mackerel. When the agreement enters into force, salmon can be exported tariff-free. Tariffs on mackerel will be phased out over three years. 

'The agreement will give Norwegian seafood exporters conditions on a par with those enjoyed by key competitors and create opportunities for increased seafood exports to Viet Nam. The Government prioritises securing market access and negotiating new free trade agreements, with seafood playing a key role,' said Minister of Fisheries and Ocean Policy Marianne Sivertsen Næss. 

Investment and trade in services 

The free trade agreement will facilitate increased investment and trade in services. It also includes an ambitious chapter on trade and sustainable development. 

Trade between Norway and Viet Nam has grown steadily in recent years. In 2025, total trade in goods amounted to around NOK 19 billion. 

'Viet Nam is one of the fastest-growing economies in Asia. This agreement will give Norwegian businesses better market access and greater predictability, and help them diversify as they create value and jobs here in Norway,' said Minister of Trade and Industry Cecilie Myrseth.