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EVFTA

Food and Beverage in EVFTA: How Can Foreign Investors Qualify For Preferential Tariffs

At an average growth rate of approximately 7 percent, the food and beverage (F&B) industry is one of the fastest-growing sectors contributing to 15 percent of Vietnam’s GDP in 2019. As a result, in the last few years, numerous foreign businesses have invested significantly in this market, with Korean and [...]

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 fromShareImport from VNShare
Sweden207,6810.07%1,341,4380.92%
Denmark183,3240.07%366,1550.38%
Norway202,1970.07%868,7591.07%
Latvia12,9890%194,7951.13%
Iceland1,4740%41,7480.73%

data detail

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.

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