Panamanian President José Raúl Mulino’s visit to Vietnam from October 5 to 8 is poised to significantly enhance the bilateral cooperation between Panama and Vietnam, focusing on economic and trade partnerships. This visit aims to leverage both countries’ strategic geographic positions to foster connectivity between Southeast Asian and Latin American markets.
Since establishing diplomatic relations in 1975, Vietnam and Panama have worked on strengthening their ties through high-level exchanges and diplomatic consultations. The upcoming discussions are expected to result in new agreements and initiatives that will expand trade, investment, and cooperation across various sectors, such as agriculture, telecommunications, infrastructure, maritime transport, port logistics, banking, tourism, and education.
Economic collaboration remains a pivotal aspect of the bilateral relationship. In 2025, the trade between the two nations reached approximately $478.1 million, marking a 19.2% increase from the previous year. Vietnam’s exports to Panama predominantly include footwear, electronics, textiles, vehicles, and seafood, while it imports timber, seafood, and raw materials from Panama.
Panama’s strategic location along the Panama Canal plays a crucial role in global shipping and logistics, presenting Vietnamese businesses with opportunities for greater access to Central American and Caribbean markets. The visit by President Mulino is expected to strengthen existing mechanisms for political and economic cooperation, further enhancing these opportunities.
Both countries aim to deepen their collaboration in various sectors, capitalizing on the potential for mutual benefits and reinforcing their longstanding diplomatic relationship. This visit is seen as a step forward in solidifying the partnership and addressing shared goals for economic growth and development.