Illustrative image. Market Share of Vietnamese Goods Accounts for 2% in the EU Market Nguyen Thai Chuyen, lecturer in International Business at RMIT University, stated that products such as phones and components, computers, shoes, machinery and spare parts, textiles, coffee, iron, steel, and seafood have experienced significant growth. Iron and steel saw a growth of over 844% in 2021 compared to 2020 and over 634% in 2022 compared to 2020. Nguyen Thai Chuyen, lecturer in International Business at RMIT University. However, phones and components saw a decrease of 9.5% in 2021 and 15.7% in 2022, respectively, compared to the previous year. This decrease is mainly due to the lack of input materials caused by the closure of the Chinese market due to Covid-19 and the tension between Russia and Ukraine leading to a global supply chain crisis. According to Trading Economics, the market share of Vietnamese goods in the EU market is only about 2%. The value and benefit...
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