New website aims to boost supply of Vietnamese goods to Nordic markets

The website provides insights on six markets, including Sweden, Denmark, Finland, Norway, Iceland, and Latvia, with visitors able to gain knowledge about data and information on exports.

It is hoped that the launch of the website will serve as a bridge which connects firms with the Vietnam Trade Office, in addition to forming links between domestic exporting companies and the six Nordic markets.

When viewing the web page visitors can browse three major parts, including commercial news, import and export data, in addition to the import regulations of each market. The website allows domestic enterprises to stay updated on import and export warnings, opportunities for trade exchanges, expos and fairs, useful addresses, references, and a thorough directory of import enterprises.

According to information provided by the Vietnam Trade Office in Sweden, Nordic nations enjoy developed economies, a stable political situation, and high living standards that are among the top in the world. Indeed, Nordic retail groups operate worldwide across a variety of fields such as food, home appliances, fine arts, and handicrafts.

Most notably, the structure of imports of Nordic countries remains completely consistent with the nation’s export capacity. As such, the import items which enjoy the largest turnover in these countries are the goods that Vietnam has exported over the past five years.

Furthermore, it can be viewed that Northern Europe is a potential market for Vietnamese goods as the nation's export staples are compatible with the import demand of Nordic countries. Therefore, the structure of Vietnamese import and export products with this region is generally complementary.

Moreover, the implementation of the European Union-Vietnam Free Trade Agreement (EVFTA) on August 1 is likely to bring about a positive impact to both sides, along with EU member states in the Nordic region.

As a means of assisting Vietnamese businesses boost their exports to the Nordic market in the near future, the Vietnam Trade Office in Sweden, which is also working in Finland, Denmark, Norway, Iceland, and Latvia, with support from the Economic Diplomatic Fund, has released the book on basic market regulations of the Nordic countries and Latvia. The publication features the fundamental regulations of the six countries along with the main contents of the EVFTA.