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Vietnam boasts opportunities to expand exports to Sweden

It is forecast that Vietnam will have great opportunities to export more types of products to Sweden when the European Union-Vietnam Free Trade Agreement (EVFTA) takes effect.
Vietnam boasts opportunities to expand exports to Sweden ảnh 1Illustrative image (Photo: VNA)

Hanoi (VNA) – It is forecast that Vietnam willhave great opportunities to export more types of products to Sweden when the EuropeanUnion-Vietnam Free Trade Agreement (EVFTA) takes effect.

Analyzing 25 groups of products that Sweden imported the most in the past fiveyears shows there is great potential for Vietnam to ship textiles, footwear,farm produce and food, handicrafts, and chemicals to the Swedish market.

However, the Vietnamese Trade Officein Sweden said the export turnover and market share of these items are stillquite modest.

Marketsurveys said that Swedish people spend a large amount of money on textileproducts. They also have great demand for agricultural products such as rice,tea, coffee, cocoa, fruits and vegetables.

The office said Vietnamese exporters need to meet regulations onquality and packaging standards required by Swedish distributors if they wantto sell their products in the country’s supermarkets.

In2019, two-way trade between Vietnam and Sweden hit 1.56 billion USD, with Vietnam’sexport valued at 1.2 billion USD, up 2.4 percent year-on-year.

Vietnam is ranked 24th among the biggest exporters to Sweden./.


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