Vietnamese, Swedish firms talk partnership for sustainable growth

Crown Princess of Sweden Victoria Ingrid Alice Désiree and Deputy Prime Minister and Foreign Minister Pham Binh Minh co-chaired the Vietnam – Sweden Business Summit: Partnering for Sustainable Growth in Hanoi on May 7.
Vietnamese, Swedish firms talk partnership for sustainable growth ảnh 1At the event (Photo: VNA)
Hanoi (VNA) – Crown Princess of Sweden Victoria Ingrid Alice Désiree andDeputy Prime Minister and Foreign Minister Pham Binh Minh co-chaired the Vietnam – Sweden BusinessSummit: Partnering for Sustainable Growth in Hanoi on May 7.

Theevent was co-organised by the Swedish Embassy in Hanoi, the Swedish Trade &Invest Council and the Vietnam Chamber of Commerce and Industry on the occasion ofthe 50th anniversary of bilateral diplomatic ties, as part of theVietnam visit by Swedish Crown Princess Victoria Ingrid Alice Desiree and her spouse from May 6-8.

Itbrought together over 1,000 delegates from ministries, agencies, internationalorganisations, including 70 businesspeople representing 50 Swedish firms andtrade organisations led by Swedish Minister for Foreign Trade Ann Linde.

Majorfields set as a focus for sustainable development and innovation includemanufacturing, solutions for consumers, health care and education werediscussed at the summit.

Speakingat the event, Crown Princess Victoria said Vietnam and Sweden have fostered along-standing and sustainable partnership based on mutual trust and respectover the past five decades.

Sheexpressed support for Vietnam’s commitment to the fulfillment of the UnitedNations sustainable development goals till 2030, and said with optimism thatthe event will afford both countries and their firms a chance to enhancecooperation.

DeputyPrime Minister and Foreign Minister Pham Binh Minh said Vietnam alwaysappreciates invaluable support provided by the Swedish royal family, governmentand people in its socio-economic development cause. Many works built by Swedenhave become symbols of bilateral friendship such as Vietnam National Children’sHospital, Bai Bang paper mill and Uong Bi hospital.

Atpresent, Sweden is an important and trustworthy partner of Vietnam in theEuropean Union with 67 projects worth 364 million USD, ranking 34th out of 130 countries and territories investing in the nation. Two-way trade hit1.5 billion USD in 2018.

TheDeputy PM said it is golden time to develop bilateral ties and economic, tradeand investment links in particular, adding that the Vietnamese economy isimproving with more stable and transparent laws and policies, attractinginvestors globally, as well as from the EU and Sweden in particular.

Vietnamwants to acquire experience from the world’s leading technological groups tocatch up with the fourth industrial revolution, he said.

Headded that Vietnam supports trade liberalisation, respects international lawand multilateral trade mechanisms. As an active member of the ASEAN EconomicCommunity with a market of over 600 million people, Vietnam has closely linkedwith global and regional economies, especially realising the Comprehensive andProgressive Agreement for Trans-Pacific Partnership (CPTPP) and promoting theEuropean Union – Vietnam Free Trade Agreement (EVFTA).

Thehost believed that Swedish firms present at the event are excited to welcomeopportunities brought about by EVFTA so that he urged the Swedish governmentand firms to raise strong voice to accelerate the signing and ratification ofthe deal for common benefits of both nations.

Participatingfirms discussed business cooperation prospects, thus promoting theirpartnership.-VNA
VNA

See more

A display area for Mid-Autumn Festival cakes at a supermarket (Photo: VNA)

Mid-Autumn Festival cake market heats up at affordable end

Industry insiders say competition is no longer just about the cake itself. Product quality, packaging, brand reputation, delivery services and personalisation are increasingly shaping consumer choices in a market crowded with both domestic and foreign players.

Minister of Foreign Affairs Le Hoai Trung (Photo published by VNA)

Vietnam, India set 25 billion USD trade goal

Vietnam and India agreed to make better use of complementary strengths, ease market access difficulties and facilitate business activities toward achieving the 25 billion USD bilateral trade target.

Delegates at the meeting between Vietnamese businesses operating in Cambodia and the Council for the Development of Cambodia (CDC) on September 14. (Photo: VNA)

Vietnamese businesses seek to expand investment in Cambodia

Vietnam currently has 223 investment projects in Cambodia with total registered capital of nearly 3.4 billion USD. Vietnamese companies operate in agriculture, particularly large-scale farming, finance and banking, telecommunications, aviation, processing, trade and services.

Children visit President Ho Chi Minh's hometown and learn about his childhood. (Photo: VNA)

Vietnam's tourism sector faces labour shortage

A 2026 survey by Hoteljob.vn found that nearly 90% of tourism businesses planned to recruit. In Ho Chi Minh City alone, 89.7% of businesses were hiring, while 71.8% said recruitment was difficult or very difficult. The biggest shortages were among frontline workers, particularly in housekeeping, engineering, food service, front-office operations, and kitchens.

Octopus processing for export at Huy Nam Company in An Giang province. (Photo: VNA)

New opportunities for Vietnam’s seafood exports

The Vietnam-EFTA Free Trade Agreement brings together two groups of highly complementary economies. EFTA members Switzerland, Norway, Iceland and Liechtenstein have strengths in technology, innovation, finance, clean energy and sustainable development, while Vietnam is one of Asia’s most dynamic economies and is emerging as a major regional manufacturing, trade and investment hub.

The saponin content of Lai Chau ginseng can reach as high as 23.85% in its natural state, a remarkably high level compared to many other ginseng species. (Photo: baolaichau.vn)

Lai Chau ginseng development gains momentum

Blessed with rare and distinctive ecological values, the northern mountainous province of Lai Chau is stepping up efforts to conserve and develop its native ginseng, with the medicinal plant expected to play a growing role in the forest-based economy and local livelihoods.

The Vietnamese delegation poses for a group photo at the third meeting of the Vietnam-Canada Joint Economic Committee (Photo: VNA)

Vietnam, Canada broaden economic cooperation beyond trade

Vietnam is currently Canada’s largest trading partner in ASEAN. Building on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the two countries are expanding bilateral economic ties into higher value-added areas such as clean energy, critical minerals, advanced technology, manufacturing and value-chain linkages.

The Index of Industrial Production (IIP) rises 14.4% in August and 11.9% in the first eight months compared to a year earlier. (Photo: VNA)

More momentum needed for economic growth in year-end race

To build momentum for the year-end race, one of the top priorities is to accelerate public investment disbursement, ensuring 100% of the allocated plan is disbursed without allowing funds to be concentrated in the final months of the year.

Vietnamese enterprises showcase products at the Vietnam Pavilion during the Foodist Istanbul 2026 fair. (Photo: Vietrade)

Vietnamese goods gain export opportunities in Türkiye, Spain

Vietrade said the programme helped businesses gain practical market information, identify potential products and partners, and better understand requirements on quality, pricing and distribution. Such direct connections are expected to help companies adapt their products and develop more effective export strategies.