Two–way trade between Vietnam and Denmark is forecast to reach 500million USD this year, with 305 million USD coming from Vietnam’sexports, according to the Ministry of Industry and Trade’s EuropeanMarket Management Department.
However, bilateraltrade had decreased by 10 percent year-on-year to 222 million USD forthe first half of this year, mainly due to slumping import demands inDenmark.
During the period, Vietnam exportedonly 134 million USD worth of products to Denmark, down 6 percentyear-on-year.
Export turnover of clothing andseafood, the country’s key items, dropped by 26 percent and 20 percentrespectively to reach 42 million USD and 11.4 million USD, while theexport value of wood and wooden products reached 6.7 million USD,equivalent to the same period last year.
The debtcrisis in the eurozone has yet to show signs of recovery and the Danishconsumers tend to tighten their spending, the department said.
The situation has a negative influence on Vietnam’s exports to themarket, plus stiff competition from products of other countries.
In the reviewed period, Vietnam’s imports from Denmark also dropped by 16 percent to 88.3 million USD.
The Danish Government aimed to double export of essential goods to Vietnam over the 2011-2016 period.
According to statistics from the General Department of Customs,two-way trade turnover hit 468 million USD last year, up 11 percent onthe previous year.
Of this figure, Vietnam’sexports to Denmark hit more than 276 million USD up 2 percent on2011, while imports reached roughly 192 million USD, up 28 percent.
Local experts predicted that the Vietnam-EU Free Trade Agreementwould open up a new page for the bilateral trade ties between the twocountries.-VNA