Vietnam Emerges as Potential Destination for Danish Businesses

In Copenhagen, Vietnamese Ambassador to Denmark Luong Thanh Nghi on August 9 had a meeting with Vice President of the Confederation of Danish Industry (DI) Thomas Bustrup.
August 11, 2022 | 09:03
Vietnam Emerges as Potential Destination for Danish Businesses
Vietnamese Ambassador to Denmark Luong Thanh Nghi on August 9 had a meeting with Vice President of the Confederation of Danish Industry (DI) Thomas Bustrup. Photo: WVR

At the meeting, the two sides exchanged contents related to the economic situation of the two countries and the cooperation between Confederation of Danish Industry (DI) and Vietnamese partners.

Thomas Bustrup said DI is an organization representing 19,000 businesses with more than 575,000 employees in manufacturing and service sectors such as processing industry, manufacturing, construction, energy, transportation, information technology and healthcare.

DI has organized visits to Vietnam for Danish businesses, in which many member enterprises have been investing and doing business effectively in Vietnam.

According to Vice President of DI, in the context that the two countries share many common interests, many Danish businesses intend to expand their operations. Vietnam has emerged as a potential destination for Danish businesses.

On the visit to Vietnam by Crown Prince Frederik, a delegation including many large Danish companies will visit Vietnam, exchange business and investment opportunities with Vietnamese agencies and partners.

Thomas Bustrup appreciated the cooperation and support of the Vietnamese Embassy in Denmark in DI activities. He asked the Embassy to continue to support the organization of visits to Vietnam for Danish businesses.

Vietnam Emerges as Potential Destination for Danish Businesses
Vice President of the Confederation of Danish Industry (DI) Thomas Bustrup. Photo: danskindustri

Ambassador Luong Thanh Nghi appreciated DI's role and efforts in strengthening Vietnam-Denmark economic and investment relations. He also shared information about Vietnam's economic achievements.

The Ambassador also said that on September 5 in Copenhagen, the Vietnamese Embassy will organize a forum "Vietnam-Denmark cooperation in digital and green transformation". These are two priority areas that Vietnam is focusing on with the cooperation and support of many international partners, including Denmark.

Ambassador Luong Thanh Nghi said that the Vietnamese Embassy in Denmark and agencies will cooperate with Danish organizations, including DI, to successfully organize the visit of the delegation accompanying the Crown Prince Frederik to visit Vietnam.

Discussing specific measures to enhance the cooperation between the two sides, Ambassador Luong Thanh Nghi said that the Vietnamese Embassy is ready to act as a bridge connecting DI, Danish businesses with the Vietnamese Government and businesses.

Currently, Denmark is the third largest country in terms of total investment capital among European countries investing in Vietnam in 2022.

Denmark is an important trading partner with Vietnam with bilateral trade turnover maintaining positive growth (in 2021 it reached US$588 million, an increase compared to 2020).

Denmark is also one of the early EU countries to ratify EVIPA. Minister Bui Thanh Son suggested the two sides continue to closely coordinate to exploit the potential of cooperation in areas where Denmark has strengths and Vietnam has needs.

Those areas are climate change, environment, green growth, expansion of cooperation in education and training, high-tech agriculture, and people-to-people exchanges.

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Rosie Nguyen
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