News
Ericsson Aims to Develop New Products and Technologies in Vietnam
On the afternoon of November 25, Prime Minister Phạm Minh Chính welcomed Mr. Borje Ekholm, Chairman and CEO of Ericsson, [...]
Vietnam Deputy PM urges Danish firms to invest more in renewable energy
Vietnamese Deputy Prime Minister Tran Hong Ha has urged Danish businesses to invest more in Vietnam, especially in green transition [...]
EVFTA
Bright prospects for EU-Việt Nam trade
The EU has always been the most important partner of Việt Nam as the latter has always been an attractive investment destination for European firms. The EU has always been the most important partner of Việt Nam as the latter has always been an attractive investment destination for European firms, [...]
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.
