Strong expansion of Vietnam and Denmark's commercial relations
- 151
- Socially Responsible Enterprise
- 03:22 02/07/2022
DNHN - Three new projects with a total registered capital of $1.32 billion have propelled Denmark to third place among the major investment nations in Vietnam since the beginning of 2022.
According to the General Department of Vietnam Customs, the bilateral trade volume between Vietnam and Denmark in the first five months of 2022 was about 318.53 million USD.
2021, in which Vietnam's exports to Denmark reached around 227.2 million USD, an increase of 53.6%, while Vietnam's imports from Denmark reached 91.33 million USD, a decrease of 14.1% compared to the same time previous year.
Due to 2021, despite several consequences of the COVID-19 pandemic, the entire bilateral trade volume between Vietnam and Denmark reached $842.37 million, an increase of 18 per cent from 2020.
Textiles, clothes, aquatic goods, interior items made of materials other than wood, wood and wood products, machinery, equipment, and home appliances are among Vietnam's main exports to Denmark.Vietnam imports machinery, equipment, tools and spare parts, medicines, chemical products, aquatic items, and iron goods from Denmark.
The bilateral trade volume between Vietnam and Denmark is projected to increase by 5.8 times between 2000 and 2020, indicating a robust growth in bilateral trade ties.
According to the Vietnam Economic Office in Sweden, the EVFTA Agreement, which will go into force in 2021 in conjunction with Denmark, Norway, Iceland, and Latvia, has had favourable effects on the two nations, hence enhancing Vietnam's trade connections. South - Denmark, therefore contributing to the expansion of the Vietnamese export market. On the EU market in general, and in Denmark in particular, Vietnamese products will have more prospects and competition.
Three new projects with a total registered capital of $1.32 billion, Denmark has maintained its position as the third biggest investor in Vietnam from the beginning of 2022 until the present. Danish enterprises are now eager to invest in Vietnam in sectors where Denmark excels, including renewable energy, agriculture, animal husbandry, and food processing.
Recent investments by LEGO and Pandora have shown the keen interest and dedication of Danish enterprises to the Vietnamese market. After the Covid-19 outbreak control measures were partly relaxed, the Danish business community in Vietnam voiced a wish to return and collaborate with Vietnam.
PV
Related news
- Vietnamese entrepreneurs strengthen ASEAN connectivity in the digital iIntegration era
- Prime Minister: Vietnam aims to become a regional logistics hub
- Vietnam upgraded to Secondary Emerging Market by FTSE Russell
- Hanoi’s economy grows 7.92% in first nine months of 2025, FDI surges nearly threefold
- Vietnam’s strong gdp growth fails to ease labor market distress
- US tariffs on Brazil propel Vietnam’s pangasius into global spotlight
- VietLeap AI Accelerator launches: A strategic springboard for Vietnam’s AI startups
- CICON expands strategic alliances: A new step forward in Vietnam–Korea business connectivity
- What must Vietnamese enterprises do to maintain their position in the global supply chain?
- Vietnam advances cybersecurity law to boost digital sovereignty and business resilience
- Vietnam embraces digital tools to modernize public administration
- Administrative procedures for establishing the national technology exchange reduced to one application set
- Vietnam hits highest FDI inflow since 2009, fuels industrial real estate boom
- Foreign investors expected to open 150,000 new securities accounts in the next 5 years
- Government’s plan to implement Law on Digital Technology Industry approved
- Vietnam launches “Private Economy Panorama Model” to foster public-private national development
- Shark Nguyễn Hòa Bình: Hanoi will become the capital of startup innovation.
- Deputy Prime Minister Lê Thành Long meets with Osaka Governor Yoshimura Hirofumi to promote Vietnam–Japan cooperation.
- The master sales secrets of luxury king Bernard Arnault that make the world spend
- White House: When politics and technology join forces to rewrite the global AI order
Đọc thêm Socially Responsible Enterprise
Hanoi’s economy grows 7.92% in first nine months of 2025, FDI surges nearly threefold
Hanoi maintained robust growth momentum in the first nine months of 2025 with GRDP up 7.92% year-on-year, driven by strong services and construction sectors.
Vietnam’s strong gdp growth fails to ease labor market distress
As the year draws to a close, the pressing challenge for businesses and policymakers is how to rebuild worker morale, retain top talent, and stabilize employment amid lingering uncertainty.
Vietnam ramps up efforts to lift EU “Yellow Card” on Illegal fishing
Prime Minister Pham Minh Chinh has called for intensified and coordinated efforts to have the European Commission’s “yellow card” on Vietnam’s fisheries removed within this year.
Quang Tri calls for investment in wind power plant project worth over VND 1,100 billion
The People’s Committee of Quang Tri Province has officially announced the Hưng Bắc Wind Power Plant Project as part of its investment invitation portfolio.
Hanoi receives two million visitors during the four-day National Day holidays
From August 30 to September 2, Hanoi received around 2.08 million visitors during the four-day National Day holidays , three times higher than the figure in the same period last year, the municipal Department of Tourism reported.
Ca Mau gradually makes its mark on the national tourism map
By 2025, Ca Mau aims to attract 8.4 million visitors and achieve a total revenue exceeding 8,585 billion VND, contributing to the province's double-digit growth target.
UNDP Resident Representative hails Vietnam as an emerging economic powerhouse
Millions of people have been lifted out of poverty, hunger has been eliminated, and the economy has maintained consistent growth rates of over 6 per cent, UNDP Resident Representative in Vietnam Ramla Khalidi remarks.
Alpha Books Chairman Nguyen Canh Binh: The survival weapons of Vietnamese entrepreneurs in the age of AI.
Alpha Books Chairman Nguyen Canh Binh shares three essential lessons to ensure the survival and growth of Vietnamese entrepreneurs in the digital age: creativity, connection, and collective intelligence.
Mr. Le Viet Thang, CEO of 1Office: "Don’t use old solutions for new ai challenges"
As artificial intelligence (AI) reshapes the global technology landscape, Vietnam is taking decisive steps to establish a National AI Research and Development Center, alongside the National Data Center.
Pakistani Ambassador to Vietnam: “Peace and unity are the strength to build the future.”
Against the solemn backdrop of the Chancery courtyard, the national flag of Pakistan slowly ascended to the stirring notes of the national anthem, officially marking the 79th Independence Day of Pakistan.