The EU-Vietnam Free Trade Agreement (EVFTA), which took effect in 2020, has opened up huge opportunities for Việt Nam to promote trade with the EU, including with Slovenia. The 100 million consumer market of Việt Nam could become a gateway for Slovenian investors to enter the 660 million-strong ASEAN market. Việt Nam and Slovenia established diplomatic relations in 1994. Trade between Việt Nam and Slovenia has almost tripled from US$125 million in 2014 to $361 million in 2020. Vietnamese exports to Slovenia were worth $440 million in 2021, according to the United Nations Comtrade database on international trade.
