Rasmussen and Dung pledged to boost trade to US$1 billion, said the report, with Danish investment in Vietnam to be raised by another $1 billion over the next five years.
Dung wants long-term Danish investment to build seaports and develop environmentally friendly technologies. The deal cements the nations' business ties – Denmark recently handed over $40 million to boost Vietnam's development.
Alongside the government, Danish shipping businesses are looking to profit from Vietnam's growing business muscle. Maersk Line said this month it is starting a service from Vietnam to the US West Coast to exploit the Southeast Asian country's fast-developing export market.
Before the economic crisis, Vietnam's economic growth surpassed seven percent annually, placing it among the fastest-growing countries in the world.
Growth fell to a decade low of 3.1 percent in first quarter, but the medium-term outlook looks much brighter, with the expansion of Saigon Port significantly contributing to increasing trade with the US.