On Monday, Vietnam signed a cooperation agreement with the European Union during Prime Minister Nguyen Tan Dung's visit to the 8th Asia-Europe Meeting held in Brussels.
The signing ceremony of the Partnership and Cooperation Agreement (PCA) was also attended by the European Commission President Jose Manuel Barroso.
The PCA will give the two parties many opportunities to cooperate in various fields like education, energy, economy, and climate change mitigation, Dung said.
Bilateral trade values last year were estimated at 11.5 billion euros (US$15.8 billion), according to a government website.
The same day, the pair of high-ranking leaders witnessed the signing of many agreements between Vietnam and the EU, including one on aviation services and one on the European Investment Bank's loan for Hanoi's underground railway project, the website reported.