News
MoIT sets export growth at 6% in 2025
The Ministry of Industry and Trade (MoIT) has set a target of 6 per cent export growth in 2025 as [...]
Ninh Thuận nuclear project seen as development driver
Eight years since suspending the Ninh Thuận Nuclear Power Project, the National Assembly (NA) has recently approved a resolution to [...]
EVFTA
Việt Nam’s textiles and garments yet to fully unlock FTA’s advantages and potential
Việt Nam's textile and garment industry has not been able to fully capitalise on the advantages and potential of FTAs, according to the Ministry of Industry and Trade (MoIT). To address this issue, the MoIT, as the leading agency for FTA negotiation and enforcement, has been enhancing connections with ministries, [...]
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.
