Prime Minister Pham Minh Chinh chairs the Vietnam – Sweden Business Forum themed “Green transformation, digital transformation, innovation” – Photo: VGP/Nhat Bac
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 more than 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, etc., at the forum, businesses of 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, etc. 
The Prime Minister emphasized the need to inspire and motivate businesses to work with the two governments to renew existing motivations and promote new ones. There is still a lot of room for cooperation, and businesses from both countries must take the lead in exploiting it – Photo: VGP/Nhat Bac
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, the Bai Bang Paper Mill; as well as the humanitarian and peace-loving values of Sweden.
According to the Prime Minister, due to objective and subjective factors, in the past, during the period when Vietnam and Sweden were shifting from aid to development cooperation, they failed to inherit the foundation and values that had been built before. Therefore, the current task is to promote traditions and fundamental values, draw lessons, overcome limitations, and be more determined and stronger, bringing the relationship between the two countries into a new stage of development.
The Prime Minister emphasized the need to inspire and motivate businesses to work with the two governments to renew existing motivations and promote new ones. There is still a lot of room for cooperation, and businesses from both countries must take the lead in exploiting it. 
Swedish Minister for International Development Cooperation and Foreign Trade Benjamin Dousa speaks at the forum – Photo: VGP/Nhat Bac
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 hopes that businesses of both countries will 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... which have very large markets.
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". 
Vietnam Maritime University and World Maritime University (Sweden) will cooperate in implementing activities of exchanging staff, lecturers and students; coordinating scientific research; coordinating the organization of conferences, seminars as well as other cooperative activities - Photo: VGP/Nhat Bac
Also at the forum, witnessed by Prime Minister Pham Minh Chinh and the Swedish Minister of International Cooperation and Foreign Trade, agencies and businesses of the two countries exchanged 7 cooperation documents.
In particular, Vietnam Maritime University and World Maritime University (Sweden) will cooperate in implementing activities of exchanging staff, lecturers and students; coordinating scientific research; coordinating the organization of conferences, seminars as well as other cooperative activities. This is an important event marking a new development step in the cooperation relationship of training high-quality human resources for Vietnam's maritime industry.
Deputy Minister of Construction Nguyen Xuan Sang emphasized: The signing of cooperation between Vietnam Maritime University and World Maritime University (Sweden) is an important event marking a new development step in the cooperation relationship in training high-quality human resources for Vietnam's maritime industry.
Deputy Minister of Construction Nguyen Xuan Sang presents a souvenir to the Rector of World Maritime University - Photo: VGP/Nhat Bac
Government Newspaper
Source: https://vimc.co/thu-tuong-ky-vong-lan-song-dau-tu-moi-tu-thuy-dien-vao-viet-nam/
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