Multi-objective combinatorial optimization (MOCO) problems are prevalent in various real-world applications. Most existing neural methods for MOCO problems rely solely on decomposition and utilize precise hypervolume to enhance diversity. However, these methods often approximate only limited regions of the Pareto front and spend excessive time on diversity enhancement because of ambiguous decomposition and time-consuming hypervolume calculation. To address these limitations, we design a Geometry-Aware Pareto set Learning algorithm named GAPL, which provides a novel geometric perspective for neural MOCO via a Pareto attention model based on hypervolume expectation maximization. In addition, we propose a hypervolume residual update strategy to enable the Pareto attention model to capture both local and non-local information of the Pareto set/front. We also design a novel inference approach to further improve quality of the solution set and speed up hypervolume calculation and local subset selection. Experimental results on three classic MOCO problems demonstrate that our GAPL outperforms state-of-the-art neural baselines via superior decomposition and efficient diversity enhancement.