Vietnam and Spain are moving closer together—both economically and militarily—as US tariffs menace world trade. Vietnam currently pays a 46% tariff on exports to the US, while EU exports, including those of Spain, are charged at 25% duty. The two nations are, therefore, deepening bilateral ties in reaction. During the visit of Spanish Prime Minister Pedro Sanchez to Hanoi, the two leaders pledged backing for free trade, more defense cooperation, and large infrastructure projects—particularly Vietnam’s plan for a high-speed rail system.
Free Trade Stance Strengthens Under Pressure
During the visit, both leaders urged upgraded ties. Vietnam particularly desires to take relations to a “comprehensive strategic partnership.” PM Pham Minh Chinh emphasized that global challenges require more cooperation. Sanchez, on the other hand, expressed firm support for multilateralism. Sanchez also emphasized that trade wars hurt all parties.
In addition, Spain is seeking to increase its presence in Vietnam. Priority areas are agriculture, renewable energy, AI, and education. A number of new deals were signed—animal and plant health, fisheries, and diplomatic training.
With Trump’s retaliatory tariffs piling on the pressure, this emerging partnership sends a strong message. Both countries are committed to open markets and mutual growth, even as the world’s politics become more inward-looking.
Spain Joins Vietnam’s Mega Project
A top result of the visit is the interest of Spain in Vietnam’s planned North-South high-speed rail. Spanning $67 billion, the project will connect Hanoi and Ho Chi Minh City via a 1,541-km track. As a country reputed for its well-developed railway systems, Spain has made the offer of technical assistance and capital.
Vietnam has accepted the offer. Based on Deputy Transport Minister Nguyen Danh Huy, the two countries could collaborate in construction and capacity building.
Evidently, this alliance is a win-win for both. Vietnam receives new infrastructure. Spain gains a strategic position in Southeast Asia. During an era of changing allegiances, Vietnam and Spain are forging their own way—based on trade, innovation, and confidence.