Vietnam, Sweden should join hands in clean production: Minister
Vietnam and Sweden should cooperate in the environmental protection and sustainable development in the context of the current Fourth Industrial Revolution, Minister of Industry and Trade Tran Tuan Anh has said.
Handicraft is one of Vietnam's main export products to Sweden. (Illustrative image. Source: VNA)Hanoi (VNA) – Vietnam and Sweden should cooperate in the environmental protection and sustainable development in the context of the current Fourth Industrial Revolution, Minister of Industry and Trade Tran Tuan Anh has said.
Also, the two sides should intensify the cooperation between their enterprises in investment, technology renovation, the minister stressed in an interview granted to the Vietnam News Agency ahead of the coming official visit to the North European country of Prime Minister Nguyen Xuan Phuc.
Minister Anh affirmed that the Vietnam – Sweden trade relations has been established for long and developing unceasingly. However, bilateral economic and trade relations have yet to match potential.
By April, Sweden ranked 33rd among the 131 countries and territories investing in Vietnam, with 68 valid protects totaling over 365 million USD in capital. In the first four months of this year, bilateral trade amounted to over 500 million USD, in which Vietnam’s exports topped 400 million USD, mostly footwear, textiles, sea food, wooden furniture, handicraft products, computers and accessories; and main imports from Sweden included telecommunication equipment, machinery and pharmaceutical products.
In order to boost exports to the North European market, Minister Anh suggested Vietnamese enterprises pay attention to their quality, origin traceability, social responsibility, environment protection and business ethics. He also pointed out that the scale of orders from Sweden is not large, that is why Vietnamese enterprises should accelerate the approach to distribution chains to ensure sustainable business.
The official pointed to the EU – Vietnam Free Trade Agreement as a factor that can bring about a positive impact for both Vietnam and Sweden. He also called on enterprises to join the Vietnamese Government in pushing up other governments to sign the deal at an early date, thus creating a more favourable economic – trade framework for the two countries.-VNA
You should also see
PM visits police command centre, checks cultural centre construction in Phu Tho
Prime Minister Pham Minh Chinh visited the command and control centre of the Phu Tho police and examined the construction of this northern province’s house of culture and arts on April 18.
See more
Videos
Agro-forestry-fisheries products nearly double in Q1
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at over 13.5 billion USD, up nearly 22% over the same period last year, according to the Ministry of Agriculture and Rural Development.
Business
Beautycare Expo 2024 opens in Hanoi
The Beautycare Expo 2024 kicked off Hanoi on April 18, featuring over 250 booths from more than 15 countries and territories.
Business
Standard Chartered, US promote clean energy investments in Vietnam
Standard Chartered and the US Agency for International Development (USAID) have signed a Memorandum of Understanding (MoU) on green financing in Vietnam and to promote the deployment of advanced clean energy in Vietnam.
Business
Vietnam Airlines, Sun Group promote Vietnam’s tourism in RoK
National flag carrier Vietnam Airlines and Sun Group on April 17 held a tourism promotion event themed “The Magnificent Vietnam” in Seoul, aiming to promote Vietnam’s tourism potential, flights, and trade opportunities for Vietnam and the Republic of Korea (RoK).
Business
Overseas remittances to HCM City record highest increase in three years
Overseas remittances to Ho Chi Minh City exceeded 2.86 billion USD in the first quarter of 2024, an annual increase of 35.4% and the highest recorded in three consecutive years.
