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Prime Minister: Enterprises are the subjects bringing Vietnam - Sweden relations into a new stage of development

According to the special correspondent of VNA, during the official visit to the Kingdom of Sweden, on the afternoon of June 12 (local time), in Stockholm, Prime Minister Pham Minh Chinh and Swedish Minister of International Development Cooperation and Foreign Trade Benjamin Dousa co-chaired the Vietnam - Sweden Business Forum with the theme "Green transformation, digital transformation, innovation".

Hà Nội MớiHà Nội Mới12/06/2025


Prime Minister Pham Minh Chinh speaks at the Vietnam - Sweden Economic Forum. Photo: Duong Giang/VNA

Also attending were Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son; ministers, leaders of ministries, branches, agencies, localities and many Vietnamese and Swedish enterprises.

On the basis of good political relations, Vietnam - Sweden economic relations are also growing. Total two-way trade turnover in 2024 reached 1.48 billion USD. Sweden currently ranks 29th out of 149 countries and territories investing in Vietnam with 111 valid projects, total registered capital of 743.39 million USD.

There are currently about 70 Swedish companies operating in Vietnam such as Ericsson, ABB, IKEA, Electrolux, Volvo, H&M. On the other hand, Vietnamese companies' investment in Sweden is still modest, with 3 investment projects, total investment capital reaching nearly 1 million USD.

Believing that the two countries still have a lot of potential for cooperation in the fields of science, technology, innovation, telecommunications, green economy, digital and circular economy, education, training, infrastructure development, renewable energy, defense industry..., at the business forum, the two countries introduced their potential, strengths, shared experiences and needs, and wished to cooperate in investment in various fields, focusing on accelerating the green transformation process, innovation, and transforming industries through digitalization...

Swedish Minister for International Development Cooperation and Foreign Trade Benjamin Dousa said that the Vietnam-Sweden relationship is growing and bringing concrete values. In the context of the current changing world, Vietnam and Sweden have new opportunities and must promote cooperation in all fields.

Prime Minister Pham Minh Chinh speaks at the Vietnam - Sweden Economic Forum. Photo: Duong Giang/VNA

Appreciating the theme of the forum, Minister Benjamin Dousa expressed his impression of Vietnam's recent development process, as well as its national development strategy, saying that Vietnam's national development strategy is also consistent with Sweden's development strategies, which are development based on science, technology, innovation, digital transformation; promoting green transformation, digital transformation, and innovation.

Emphasizing that the Government has the responsibility to make policies, and businesses are the main subjects promoting cooperation between the two countries in green transformation, digital transformation, and innovation, the Swedish Minister of International Development Cooperation and Foreign Trade said that Sweden has high-quality human resources, many large enterprises in most fields, with high technology, clean technology, good services and a network, connecting worldwide. Therefore, there is potential and ability to cooperate well with Vietnam for mutual development.

Speaking at the forum, conveying the best regards and congratulations from General Secretary To Lam, President Luong Cuong, and National Assembly Chairman Tran Thanh Man to the delegates, Prime Minister Pham Minh Chinh said that the Vietnamese people know Sweden through images such as: the late Swedish Prime Minister Olof Palme holding a torch leading a march against the war in Vietnam; Swedish people taking to the streets to celebrate Vietnam's liberation of the South and national reunification; symbolic works such as the Swedish Children's Hospital, the Vietnam - Sweden Uong Bi Hospital, and the Bai Bang Paper Mill; as well as Sweden's humanitarian and peace-loving values.

According to the Prime Minister, due to objective and subjective factors, the relationship between Vietnam and Sweden has shifted from aid to cooperation for mutual development, but has not inherited the foundation and values ​​that were previously built. Therefore, the current task is to promote the foundational values, draw lessons, overcome limitations, be more determined, stronger, renew and bring the relationship between the two countries into a new stage of development.

Prime Minister Pham Minh Chinh said that the two governments will play a constructive role, with major strategies, programs, and plans, and create favorable conditions for businesses of both sides to cooperate, invest, and develop together; he hoped that businesses of both countries would proactively connect with each other and the two economies, not only connecting Vietnam with Sweden but also connecting with ASEAN, Northeast Asia, and Northern Europe...

Delegates attending the Vietnam - Sweden Economic Forum. Photo: Duong Giang/VNA

In particular, the Vietnamese Government is focusing on perfecting institutions, developing infrastructure, training human resources, ensuring "open institutions, smooth infrastructure, smart human resources and governance".

Currently, Vietnam is synchronously implementing strategies to transform the status including: Organizing the apparatus of the political system and organizing two-level local government; developing science, technology, innovation and digital transformation; international integration; building and enforcing laws; developing the private economy; building an independent, autonomous, active and proactive economy with deep and substantial international integration...

Affirming that the Party and State of Vietnam have no greater goal than building an independent and free country and ensuring a prosperous and happy life for the people..., the Prime Minister said that Vietnam ensures the legitimate and legal rights and interests of enterprises, ensures political stability, social order and safety, and ensures stable policies... so that enterprises can feel secure in investing and developing stably and sustainably.

In the spirit of “if you say you will do it, if you commit, you must do it, if you do it, you must have a product”, Prime Minister Pham Minh Chinh believes that with the core values ​​and good relations between Vietnam and Sweden, in the coming time, there will be a new wave of investment from Sweden to Vietnam so that in the coming new years, every time we welcome the new year, the song “Happy New Year” by the Swedish band ABBA will be felt with more joy and happiness.

Prime Minister Pham Minh Chinh witnessed the signing of a cooperation agreement between Vietnamese and Swedish enterprises. Photo: Duong Giang/VNA

* Also at the forum, under the witness of Prime Minister Pham Minh Chinh and the Minister of International Cooperation and Foreign Trade of Sweden, agencies and enterprises of the two countries presented 7 cooperation documents. Among them, there are typical projects such as: Investment certificate of Binh Dinh Provincial People's Committee for Swedish Syre Company to build a high-tech Polyester fabric recycling factory in Binh Dinh with an investment of nearly 1 billion USD.

Vietnam Airlines and Scandinavian Airlines have agreed to a codeshare agreement to enhance air connectivity between Vietnam and the Scandinavian region (including Denmark, Norway and Sweden), providing more convenient flight options and ensuring a smooth journey for passengers from start to finish.

FPT Corporation signed a cooperation agreement with WARA Media & Language - the AI ​​research ecosystem of Sweden's largest private research organization, on developing new generation artificial intelligence (AI) technologies, to promote breakthrough and responsible innovations right in one of the most dynamic AI ecosystems in Europe...

Source: https://hanoimoi.vn/thu-tuong-doanh-nghiep-la-chu-the-dua-quan-he-viet-nam-thuy-dien-vao-giai-doan-phat-trien-moi-705414.html


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