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.
At the event (Photo: VNA) Hanoi (VNA) – 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.
The event 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 of the 50th anniversary of bilateral diplomatic ties, as part of the Vietnam visit by Swedish Crown Princess Victoria Ingrid Alice Desiree and her spouse from May 6-8.
It brought together over 1,000 delegates from ministries, agencies, international organisations, including 70 businesspeople representing 50 Swedish firms and trade organisations led by Swedish Minister for Foreign Trade Ann Linde.
Major fields set as a focus for sustainable development and innovation include manufacturing, solutions for consumers, health care and education were discussed at the summit.
Speaking at the event, Crown Princess Victoria said Vietnam and Sweden have fostered a long-standing and sustainable partnership based on mutual trust and respect over the past five decades.
She expressed support for Vietnam’s commitment to the fulfillment of the United Nations sustainable development goals till 2030, and said with optimism that the event will afford both countries and their firms a chance to enhance cooperation.
Deputy Prime Minister and Foreign Minister Pham Binh Minh said Vietnam always appreciates invaluable support provided by the Swedish royal family, government and people in its socio-economic development cause. Many works built by Sweden have become symbols of bilateral friendship such as Vietnam National Children’s Hospital, Bai Bang paper mill and Uong Bi hospital.
At present, Sweden is an important and trustworthy partner of Vietnam in the European Union with 67 projects worth 364 million USD, ranking 34th out of 130 countries and territories investing in the nation. Two-way trade hit 1.5 billion USD in 2018.
The Deputy PM said it is golden time to develop bilateral ties and economic, trade and investment links in particular, adding that the Vietnamese economy is improving with more stable and transparent laws and policies, attracting investors globally, as well as from the EU and Sweden in particular.
Vietnam wants to acquire experience from the world’s leading technological groups to catch up with the fourth industrial revolution, he said.
He added that Vietnam supports trade liberalisation, respects international law and multilateral trade mechanisms. As an active member of the ASEAN Economic Community with a market of over 600 million people, Vietnam has closely linked with global and regional economies, especially realising the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and promoting the European Union – Vietnam Free Trade Agreement (EVFTA).
The host believed that Swedish firms present at the event are excited to welcome opportunities brought about by EVFTA so that he urged the Swedish government and firms to raise strong voice to accelerate the signing and ratification of the deal for common benefits of both nations.
Participating firms discussed business cooperation prospects, thus promoting their partnership.-VNA
The event 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 of the 50th anniversary of bilateral diplomatic ties, as part of the Vietnam visit by Swedish Crown Princess Victoria Ingrid Alice Desiree and her spouse from May 6-8.
It brought together over 1,000 delegates from ministries, agencies, international organisations, including 70 businesspeople representing 50 Swedish firms and trade organisations led by Swedish Minister for Foreign Trade Ann Linde.
Major fields set as a focus for sustainable development and innovation include manufacturing, solutions for consumers, health care and education were discussed at the summit.
Speaking at the event, Crown Princess Victoria said Vietnam and Sweden have fostered a long-standing and sustainable partnership based on mutual trust and respect over the past five decades.
She expressed support for Vietnam’s commitment to the fulfillment of the United Nations sustainable development goals till 2030, and said with optimism that the event will afford both countries and their firms a chance to enhance cooperation.
Deputy Prime Minister and Foreign Minister Pham Binh Minh said Vietnam always appreciates invaluable support provided by the Swedish royal family, government and people in its socio-economic development cause. Many works built by Sweden have become symbols of bilateral friendship such as Vietnam National Children’s Hospital, Bai Bang paper mill and Uong Bi hospital.
At present, Sweden is an important and trustworthy partner of Vietnam in the European Union with 67 projects worth 364 million USD, ranking 34th out of 130 countries and territories investing in the nation. Two-way trade hit 1.5 billion USD in 2018.
The Deputy PM said it is golden time to develop bilateral ties and economic, trade and investment links in particular, adding that the Vietnamese economy is improving with more stable and transparent laws and policies, attracting investors globally, as well as from the EU and Sweden in particular.
Vietnam wants to acquire experience from the world’s leading technological groups to catch up with the fourth industrial revolution, he said.
He added that Vietnam supports trade liberalisation, respects international law and multilateral trade mechanisms. As an active member of the ASEAN Economic Community with a market of over 600 million people, Vietnam has closely linked with global and regional economies, especially realising the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and promoting the European Union – Vietnam Free Trade Agreement (EVFTA).
The host believed that Swedish firms present at the event are excited to welcome opportunities brought about by EVFTA so that he urged the Swedish government and firms to raise strong voice to accelerate the signing and ratification of the deal for common benefits of both nations.
Participating firms discussed business cooperation prospects, thus promoting their partnership.-VNA
You should also see
InfographicCommemoration of Hung Kings - Gathering the spirit of patriotism
The Commemoration of the Hung Kings and the Hung Kings Temple Festival are among the most important festivals of the year for Vietnamese people. The worship of the Hung Kings is not only part of the cultural identity of the Vietnamese community but has also transcended national boundaries to become an Intangible Cultural Heritage of Humanity.
See more
Business
Satisfaction of administrative services improves
Vietnamese citizens had greater satisfaction with the administrative services provided by State agencies last year, according to the Satisfaction Index of Public Administration Services (SIPAS) 2023 announced by the Ministry of Home Affairs (MoHA) on April 17.
Business
Petrol prices increase slightly on April 17
The retail prices of petrol were adjusted up from 3pm on April 17 by the Ministry of Industry and Trade and the Ministry of Finance.
Business
Central Highlands provinces seek closer trade, investment ties with India
A business and investment conference was held in Dak Lak province’s Buon Ma Thuot city on April 17 with the aim of enhancing connectivity between Indian firms and Central Highlands provinces.
Business
Foreign purchasers show interest in five product groups of Vietnam
Foreign hypermarkets, retail distributors and international buying group registering to join the Vietnam International Sourcing 2024 have shown interest in five groups of Vietnamese products, namely foodstuff, textiles and fashion accessories; shoes, backpacks, bags and accessories; sporting goods and equipment; and household appliances and furniture.
Business
Japanese investors join big real estate project in Binh Duong
Japanese and Vietnamese investors of The One World urban area project in the southern province of Binh Duong received in-principal approval at a ceremony in the locality on April 17.
