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Denmark and Vietnam look to boost bilateral textile trade.

Denmark and 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 the 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 of the embassy’s plan to organize 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 DI’s help in holding the forum, affirming that his embassy and domestic agencies will coordinate closely with Danish agencies and organizations, including DI, to successfully organize the trip to Vietnam by Danish businesses in a company with Crown Prince Frederik in early November.

Denmark and Vietnam have very little trade in textile products. According to Fibre2Fashion’s market insight tool TexPro, Vietnam had exported apparel worth $61.156 million to Denmark in 2021, i.e., a mere 0.20 percent share of its total apparel exports of $31.213 billion during the year.

Denmark imported apparel worth $5.273 billion from the entire world last year, of which import from Vietnam was 1.36 percent. The data shows that both countries have the capacity to increase trade and business in the textile sector.
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