An aqueous emulsion having excellent water resistant property and comprising a copolymer obtainable by polymerizing ethylene and vinyl ester, and a nonionic polyoxyalkylene surface active agent, wherein the nonionic polyoxyalkylene surface active agent comprises 1 to 10 parts by weight of polyoxyalkylene alkyl ether and 0.01 part by weight or less of polyoxyalkylene phenyl ether based on 100 parts by weight of vinyl ester units in the copolymer is provided.