News
Vietnam–Denmark: From Green Strategic Partnership to Co-Creating New Value
General Secretary and President To Lam's ongoing State visit to Denmark is opening up new prospects for the two countries [...]
FPT Partners with Denmark’s Century-Old Quantum Research Institute
In the presence of General Secretary of the Communist Party of Vietnam and President of the Socialist Republic of Vietnam [...]
EVFTA and VEFTA
Norway: VEFTA to Eliminate Tariffs on More Than 98% of Exports to Vietnam Within Seven Years
The Norwegian Ministry of Foreign Affairs has announced that Norway, together with the three other members of the European Free Trade Association (EFTA),Iceland, Liechtenstein and Switzerland, has signed a Free Trade Agreement with Vietnam (VEFTA) in Hanoi. The Agreement is expected to expand trade relations, improve market access and gradually [...]
Searching for Product Providers
Many Vietnamese companies are actively asking us to help searching for business opportunities in Northern Europe; we regularly publish their information in the right panel. There are also two lists of Vietnamese exporters: one is a list of accredited Vietnamese exporters published by the Vietnamese Ministry of Industry and Trade and the other is an additional updating list in page Suppliers ▶.
Import/Export Summary
Units: US$1,000 and %
| | VN import from | Share | Import from VN | Share |
|---|---|---|---|---|
| Sweden | 207,681 | 0.07% | 1,341,438 | 0.92% |
| Denmark | 183,324 | 0.07% | 366,155 | 0.38% |
| Norway | 202,197 | 0.07% | 868,759 | 1.07% |
| Latvia | 12,989 | 0% | 194,795 | 1.13% |
| Iceland | 1,474 | 0% | 41,748 | 0.73% |
Introduction to Vietnamese Market
Ho Chi Minh city—the biggest and most developed city of Viet Nam
Vietnam follows an export-led growth model, as can be found in several emerging economies, combining trade liberalization and foreign direct investment promotion to spur exports. Vietnam’s growth has accelerated in recent years in part due to the US-China trade war, which kicked off in July 2018. As part of the fallout, Vietnam’s exports to the US rose by 28.8 percent year on year in the first quarter of 2019, making the US the largest importer of Vietnamese goods. A number of manufacturing businesses have also moved operations to Vietnam, including Foxconn, Samsung, and LG.
