The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has created a breakthrough for Vietnam’s experts specifically, in 2021, the total import-export turnover will reach $680 billion, an impressive growth of 19% in the context that the Covid-19 epidemic has had a profound impact on the world economy.
According to statistics of Vietnam Customs, in the first 7 months of the year, export turnover between Vietnam and CPTPP member countries reached 31.47 billion USD, up 21.43% compared to 7 months of 2021, and accounted for 14.48% of Vietnam’s total merchandise exports.
Regarding the export market, in the first seven months of 2022, Japan continues to hold the No. 1 position among CPTPP member countries, with export turnover reaching 13.44 billion USD, up 13.39% over the same period last year and last year, accounting for 24.70% of exports in CPTPP countries and 6.18% of Vietnam’s merchandise exports. Canada is the country with the second largest export turnover in the CPTPP, with a turnover of 7 months in 2022 reaching 3.87 billion USD, up 32.19% over the same period last year. Malaysia ranked third with a turnover of 3.46 billion USD, up 4.26% over the same period the previous year.
Vietnam’s 5 main exporting countries in CPTPP 7 months in 2022
In terms of turnover growth, compared to the first 7 months of 2021, most markets have high growth in turnovers, such as Burnay (+659% growth), Malaysia (+42.26%), and Australia (+659% growth). 38.75%), which are forecasted to be potential markets of Vietnam in the coming time. In the opposite direction, Peru is the only market with a slight decrease in turnover (equivalent to 331.50 million USD, down 91 thousand USD).
In terms of market demand, Chau My countries, especially CPTPP member countries have a large market for things such as textiles and garments, footwear, furniture, and agricultural and aquatic products. Vietnam’s main export products should have many competitive advantages. Besides, these markets also have great demand for new products that Vietnamese enterprises can exploit such as electric cables, small electrical appliances; rubber products, household plastic products, plastic bags, and toys; paper and carton products; jewels; aluminum doors and rolling windows; organic cosmetics and fragrance oils.
CT Food is the leading importer and distributor of Asian products in Sweden, with a wide range of high-end foods of famous brands. With over 30 years of experience, CT Food has a wholesale warehouse system in both Stockholm and Malmo, two major Swedish cities. In 2021, CT Food was awarded the title of Typical Swedish Enterprise. CT Food imports and redistributes to many major supermarket chains in Sweden.
However, this enterprise does not currently import many Vietnamese goods, mainly importing Thai products. With recent trade activities, this business has known more Vietnamese goods and businesses and is promoting the import of Vietnamese goods.
Right after that, on August 10, the delegation had a meeting with the Executive Board of the Vietnam Business Association in Sweden in Malmo city to discuss cooperation opportunities, promote exports and attract investment. about Vietnam.
Mr. Diep Van Ty, Chairman of the Vietnam Business Association in Sweden, directly led the delegation to visit the East Asian Food AB warehouse owned by him and discussed with businesses in the delegation about import standards and conditions. Importing into this market as well as what businesses need to pay attention to. East Asia is also one of Sweden’s major Asian importers and distributes in the Nordic region. This is also the most diversified and abundant Vietnamese importer in Sweden.
The delegation also visited A Chau Lien Import and Export enterprise in the port city of Helsingborg. A Chau Lien was established in 1981, specializing in importing and distributing Asian goods. This is one of the enterprises that import Vietnamese goods the most in Sweden with a wide range of goods. This business imports both Thai and Vietnamese rice, in which Vietnamese Jasmine rice is distributed under its own brand Twin Dragons.
Vietnam’s Japonica rice was first imported and distributed in Sweden by this company and also packaged under its own brand, Makoto.
At the meeting, the business also organized for the delegation to taste Vietnamese products. Many Vietnamese products are appreciated more than Thai products such as fresh coconut water, durian, jackfruit, frozen longan, etc.
To promote the export of Vietnamese goods to the Nordic market through local businesses, Mr. Vu Ba Phu – Director of the Trade Promotion Department – Ministry of Industry and Trade invited the association and its members to Vietnam to attend. Food expo 2022, Vietnam’s largest food fair, will be held from November 16 to 19, 2022 in Ho Chi Minh City. Mr. Phu hopes that this will be an opportunity for Swedish businesses to learn and expand their business lines with Vietnam.