Korean cars sold in the Vietnamese market in 2021 stood at four times higher than the total consumption of the brand in five Southeast Asian countries, including Thailand, Indonesia, Malaysia, the Philippines, and Singapore, reported by Vnexpess.net.
Vietnam has been named among four key markets of Ford Motor Company together with Thailand, South Africa and Australia, serving as a driving force for the development of Ford Vietnam in the coming years.
With the UK’s imports of wooden furniture from the Vietnamese market surging by 35.7% to reach US$303.7 million during the initial 10 months of 2021, local firms can enjoy huge opportunities to promote the export of products to the UK market.
Nikkei Asia recently analysed foreign investment policies of Japanese retail groups, including retail giant AEON, noting that numerous groups plan to expand operations in the Vietnamese market.