During the first six months of 2026, trade and investment relations between Vietnam and the markets covered by the Trade Office of Vietnam in Sweden continued to record positive results. Vietnam’s exports to Sweden, Denmark, Norway and Latvia all achieved strong year-on-year growth.

According to statistics from the Vietnam Customs Department, total trade between Vietnam and Sweden reached USD 982.66 million. Vietnam’s exports to Sweden amounted to USD 748.78 million, an increase of 19.6%, while imports from Sweden reached USD 233.88 million, down 10% compared with the same period in 2025.

Vietnam–Denmark trade reached USD 468.31 million. Vietnam’s exports to Denmark amounted to USD 265.29 million, up 29.9%, while imports from Denmark reached USD 203.02 million, an increase of 59.2%.

For Norway, two-way trade totalled USD 400.57 million. Vietnam exported goods worth USD 114.68 million to Norway, an increase of 47.2%, while imports from Norway amounted to USD 285.89 million, down 9.2% year on year.

Trade between Vietnam and Latvia reached USD 211.34 million. Vietnam’s exports to Latvia amounted to USD 190.26 million, an increase of 36.9%, while imports from Latvia reached USD 21.08 million, up 84%. Latvia recorded the highest import growth rate among the markets mentioned above.

Overall, Vietnam’s exports to all four markets maintained positive growth. Notably, exports to Norway rose by 47.2%, Latvia by 36.9% and Denmark by 29.9%. In the opposite direction, imports from Denmark and Latvia increased sharply, while imports from Sweden and Norway declined compared with the same period in 2025.

Regarding investment, during the first six months of 2026, Sweden, Denmark, Norway, Iceland and Latvia had a combined total of 359 foreign direct investment projects in Vietnam, with total registered capital of approximately USD 4.44 billion.

Denmark ranked 21st among 153 countries and territories investing in Vietnam, with 179 projects and total registered capital of USD 2.46 billion. Sweden ranked 23rd, with 111 projects and total registered capital of USD 1.76 billion.
Norway ranked 40th, with 62 projects and total registered capital of USD 201.57 million.

Iceland ranked 77th, with three projects and total registered capital of USD 20.32 million. Latvia ranked 128th, with four projects and total registered capital of USD 0.27 million.

These results show that trade and investment relations between Vietnam and the Nordic markets and Latvia continue to expand, creating a favourable foundation for businesses on both sides to strengthen connections, explore cooperation opportunities and develop their markets in the coming period.

Trade Office of Vietnam in Sweden, concurrently responsible for Denmark, Norway, Iceland and Latvia