Although it is a small country, thanks to reforms, Latvia's economy has continuously grown in the last 10 years, except 2020 due to the consequences of the Covid epidemic, and has great economic potential. During the 30 years of establishing diplomatic relations, Vietnam and Latvia have enjoyed a very good cooperative relationship. However, in terms of trade, the turnover between the two countries is still very small. The main products Vietnam exports to Latvia include seafood, cashew nuts, coffee, pepper, plastic products, bamboo and rattan products, wood and wood products, textiles and garments, footwear of all kinds and imports. from Latvia products such as rubber, wood and wood products, cotton, fabrics of all kinds, raw materials for textile, garment, leather, machinery, equipment, pharmaceuticals. Latvia is a potential market for seafood, importing fish and canned fish products from 40 countries around the world to provide necessary materials for the country's seafood processing industry.
In order to take advantage of the shift of the global supply chain, promote the export of Vietnamese goods to Latvia by updating information about each country's market, creating a forum for Vietnamese businesses to introduce products to foreign investors. Latvia's import relationship as well as for the business communities of the two countries to increase contact, connect, seek business cooperation opportunities, the Vietnam Trade Office in Sweden, and Denmark, Norway, Iceland, and Denmark, and Latvia has coordinated with the Investment and Development Department, the Latvian Ministry of Economy, the Trade Promotion Department, the Ministry of Industry and Trade, and the Vietnamese Embassy in Sweden, concurrently holding the Latvian Business Forum Vietnam - Latvia on the occasion of the 30th anniversary of the establishment of diplomatic relations between the two countries, specifically as follows: Form of organization: online at Hanoi, Stockholm, and Riga bridgeheads; Time: from 13:00 to 18:00 (Hanoi time), May 31, 2022; Location: at 03 bridgeheads Riga (Latvia), Stockholm (Sweden), and Hanoi (Vietnam)
Language: plenary session: English - Vietnamese (with interpreter), B2B session: English. In addition to the plenary session, businesses can sign up to be connected at a 1:1, B2B session. Register to participate at the link below: https://event.vietrade.gov.vn/invest.latvia2022 (in Vietnamese) https://latvia-vietnam-business-forum.b2match.io (English) Source:Vietnam Trade Deal in Sweden
