Vietnamese rice has many opportunities to enter the Swedish market. - Illustrative image (Photo: VNA) With a technology-based knowledge economy and a comprehensive social welfare system,Sweden is one of the nations with the highest living standards in the world, the office said.
Its strengths in innovation, creativity, and high-technology have helpedit export key products to Vietnam such machinery and spare parts for industry andtelecommunications products.
Meanwhile, it imports agricultural products, footwear, textiles, and woodenproducts from Vietnam. Notably, Vietnamese rice has many opportunities to enterthe Swedish market, the office noted.
Figures from the General Department of Vietnam Customs show that two-waytrade hit about 160.89 million USD in January, of which Vietnam’s exports to Swedenwere worth 132 million USD, up 99.94 percent over January last year.
According to Vietnamese Ambassador to Sweden Phan Dang Duong, the EU marketand Sweden in particular have high demand for tropical and processed agriculturalproducts.
Vietnam holds great potential to expand its exports to Northern Europe, hesaid.
The EVFTA, which took effect from August 1, 2020, gradually removes barriersand opens the door to Vietnamese goods all over Europe.
Duong said Vietnamese enterprises have quickly taken advantage of preferentialtariffs to export agricultural products to the bloc in general and Sweden inparticular.
Vietnamese rice has been gradually dominating the market, with export turnoverrising nearly 10-fold to over 1 million USD from 100,000 USD in previous years.
Other key products of Vietnam, such as furniture, frozen tropical fruits,coconut milk, frozen vegetables, and textiles and footwear, also hold great prospectsin Sweden.
In the opening days of 2020, when the COVID-19 outbreakbegan and quickly spread around Northern Europe, the Vietnamese Trade Office inSweden and Northern Europe paid particular attention to strengthening trade promotionactivities and supporting Vietnamese exporters.
It developed online trade promotion support toolsand a database of over 3,000 Northern European companies. It also published sevene-books in Vietnamese with market information on Northern Europe and two Englishe-books on Vietnam’s fruits and vegetables and seafood products.
Representatives from the office also attended onlineseminars and fairs, to promote links between Vietnamese exporters and partners inNorthern Europe.
Such measures proved effective, helping Vietnamesebusinesses access customers while helping Northern European businesses understandmore about the EVFTA and the benefits it brings when importing goods from Vietnam./.
Vietnamese rice has been gradually dominating the market, with export turnoverrising nearly 10-fold to over 1 million USD from 100,000 USD in previous years.
Other key products of Vietnam, such as furniture, frozen tropical fruits,coconut milk, frozen vegetables, and textiles and footwear, also hold great prospectsin Sweden.
In the opening days of 2020, when the COVID-19 outbreakbegan and quickly spread around Northern Europe, the Vietnamese Trade Office inSweden and Northern Europe paid particular attention to strengthening trade promotionactivities and supporting Vietnamese exporters.
It developed online trade promotion support toolsand a database of over 3,000 Northern European companies. It also published sevene-books in Vietnamese with market information on Northern Europe and two Englishe-books on Vietnam’s fruits and vegetables and seafood products.
Representatives from the office also attended onlineseminars and fairs, to promote links between Vietnamese exporters and partners inNorthern Europe.
Such measures proved effective, helping Vietnamesebusinesses access customers while helping Northern European businesses understandmore about the EVFTA and the benefits it brings when importing goods from Vietnam./.
VNA
