The new route represents a significant step in the national flag carrier’s European network expansion strategy for the 2025–2030 period, responding to rising demand for travel, business, trade and family visits between Vietnam and the Nordic region.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
To successfully penetrate this market, Vietnamese businesses must ensure their products meet these high standards, including obtaining certifications like EU Organic Certification and complying with environmental and labour safety regulations.
With good friendship and mutual trust, Vietnam and Latvia hold enormous potential and room for promoting bilateral trade and investment, particularly in such spheres as information technology, agro-forestry-fisheries, pharmaceutical, wood processing, and labour, a diplomat has said.
Thanks to high demand, Northern Europe is a promising land for Vietnamese agricultural products, according to experts who also underlined the need for domestic firms to ensure product standards to win this potential market.
The Trade Office of Vietnam in Sweden and Northern Europe has compiled a book on the European Green Deal (EGD) and its impacts on exporters to the Nordic region.
Thanks to incentives under the EU-Vietnam Free Trade Agreement (EVFTA), Vietnam has emerged as an appealing destination for enterprises from the European Union (EU) in general and Northern Europe in particular, Vietnam’s Trade Counsellor in Sweden and Northern Europe Nguyen Thi Hoang Thuy has said.
Vietnamese businesses are believed to possess opportunities, especially in niche markets, when exporting fruit and vegetables to Northern Europe, according to the Cong Thuong (Industry & Trade) newspaper.
Vietnam’s export turnover to six Northern European countries in 2020 was equal to figures reported in the previous year despite difficulties posed by the COVID-19 pandemic, according to Vietnamese Commercial Counsellor in Sweden Nguyen Thi Hoang Thuy.
Vietnam attaches importance to developing relations with Norway, which is its important partner in Northern Europe, President Tran Dai Quang told outgoing Norwegian Ambassador Siren Gjerme Eriksen in Hanoi on June 28.
Up to 100,000 tonnes of Vietnamese rice will be shipped to the EU each year tax-free in 2018 following the Vietnam-EU Free Trade Agreement, helping local rice exporters penetrate the market.
Vietnamese businesses were guided to seek niche in Northern Europe, which comprises Finland, Denmark, Norway and Sweden, at a seminar in Hanoi on November 1.
