Denmark will scout to Vietnam to explore business and investment opportunities. A delegation of Danish companies will accompany Crown Prince Frederik during his visit to Vietnam later this year. Currently, both countries have limited textile and apparel trade and the proposed visit of Danish delegation is expected to help boost bilateral trade.
Recently, deputy director general of the Confederation of Danish Industry (DI) Thomas Bustrup met Vietnamese Ambassador to Denmark Luong Thanh Nghi in Copenhagen. Bustrup said in the meeting that the two countries share many common interests and hold increasingly substantive and comprehensive relations, and many Danish businesses intend to expand their operations abroad, and Vietnam has emerged as a potential destination. He sought assistance from the Vietnamese embassy for Vietnam visits by Danish enterprises in the coming time.
Nghi spoke highly of the active role and efforts of the confederation in intensifying the two countries’ economic and investment ties. The ambassador informed his host on the embassy’s plan to organise a forum on September 5 in Copenhagen, on Vietnam-Denmark cooperation in digital and green transformation – the two priority fields that Vietnam is focusing on implementing, with the cooperation and support of many international partners, including Denmark.
He sought the DAI’s help in holding the forum, affirming that his embassy and domestic agencies will coordinate closely with Danish agencies and organisations, including DI, to successfully organise the trip to Vietnam by Danish businesses in company with Crown Prince Frederik in early November.
Denmark and Vietnam have very little trade of textile products. According to market insight tool TexPro, Vietnam had exported apparel worth $61.156 mn to Denmark in 2021, i.e., mere 0.20 per cent share of its total apparel exports of $31.213 bn during the year.
Denmark had imported apparel worth $5.273 bn from the entire world in last year, of which import from Vietnam was 1.36 percent. The data shows that both the countries have capacity to increase trade and business in textile sector.
