PM’s visit expected to foster multifaceted partnership with Sweden

Vietnamese Prime Minister Nguyen Xuan Phuc’s upcoming visit to Sweden from May 26-28 is hoped to further strengthen the traditional friendship and multifaceted cooperation between the two countries.
pms visit expected to foster multifaceted partnership with sweden

Sweden set up diplomatic relations with Vietnam on January 11, 1969, becoming the first Western country to establish diplomatic ties with Vietnam.

Over the past 50 years, Sweden has offered great support and assistance to Vietnam during the past struggle for national independence and the present cause of national construction.

Sweden set up its embassy in Hanoi in June 1970, and Vietnam established its embassy in Stockholm a month later. In September 2013, the Trade Office under the Business Sweden officially began operation in Vietnam.

In March 2014, Sweden held the first conference of Swedish ambassadors in Asia in Hanoi, which coincided with the 45th founding anniversary of Vietnam-Sweden diplomatic relations.

In January 2014, the parliament of Sweden ratified the European Union-Vietnam Partnership and Cooperation Agreement (PCA).

Trade value between the two countries has been on the rise, hitting over 1.8 billion USD in 2018.

Meanwhile, the flow of Swedish investment in Vietnam has risen sharply. By March 2019, Sweden had ranked 33rd out of 131 countries and territories investing in Vietnam with 67 valid projects.

Swedish-invested projects have covered seven provinces and cities of Vietnam. Many big firms of Sweden have marked their presence in the country, including Ericsson, ABB, IKEA, Electrolux, Volvo and H&M.

Meanwhile, Vietnam has to date poured investment into two projects in Sweden.

Sweden is the biggest Northwestern European provider of non-refundable aid for Vietnam with total capital of over 3 billion USD since 1967, mostly in health care, economic reform, institutional building, law, administrative reform, human resource development, environment, climate change, and anti-corruption.

Through the Swedish International Development Cooperation Agency (SIDA), Sweden has supported many culture projects in Vietnam. The two countries have signed two deals on culture and communications.

In the field of education-training, Sweden has trained a large number of Vietnamese experts in forestry, paper industry, energy, biotechnology, health care and journalism. Universities of the two nations have shared close collaboration in training and student exchange. Since 2013, Sweden has prioritised Vietnamese students in scholarship granting. In August 2017, Vietnam’s Ministry of Education and Training and Sweden’s Ministry of Education and Research signed an agreement on cooperation in tertiary training and research.

Currently, Vietnam and Sweden are working together for the formation of partnership in research, technological reform, innovation support for startups and small-and-medium-sized enterprises.

Regarding tourism, the total number of Swedish visitors to Vietnam reached 44,045 in 2017 and 49.723 in 2018, up 16.9 percent and 13 percent year on year, respectively.

In agriculture, in 1970, Sweden helped Vietnam build Bai Bang paper factory – one of the biggest and most modern paper plants in the Southeast Asian country. The Swedish-funded programme of “forest, tree and people” in the 1980s helped develop a material region and boost socio-economic growth in five northern provinces. Sweden has also given many initiatives to support Vietnam in forestry, environment and climate change response.

According to the Statistics Sweden, the Vietnamese community in Sweden groups about 20,000 people who have showed good integration into the local society.

Source: VNA

Related News

Prime Minister directs the development of digital transformation projects for ministries, branches and localities

Prime Minister directs the development of digital transformation projects for ministries, branches and localities

VCN - The Prime Minister issued Directive No. 34/CT-TTg dated September 16, 2024 on developing digital transformation projects for ministries, branches and localities.
Prime minister directs to boost consumption, support production and business, and develop the domestic market

Prime minister directs to boost consumption, support production and business, and develop the domestic market

VCN - Prime Minister Pham Minh Chinh has recently signed Directive No. 29/CT-TTg dated August 27, 2024, on stimulating consumption, supporting production and business, and developing the domestic market.
Prime Minister

Prime Minister's telegram promoting growth, controlling inflation, and stabilizing the macroeconomy in July and the third quarter of 2024

VCN - Prime Minister Pham Minh Chinh has just signed and issued Official Dispatch No. 71/CD-TTg dated July 21, 2024 on key tasks and solutions to promote growth, control inflation, and stabilize the macro economy in July and the third quarter of 2024.
PM requests to continue improving efficiency of digital transformation in customs

PM requests to continue improving efficiency of digital transformation in customs

VCN - Prime Minister Pham Minh Chinh has just signed a document requesting ministries, central and local agencies to continue to improve the efficiency of digital transformation in the customs field.

Latest News

Deputy PM urges extra efforts to remove Vietnam from money laundering grey list

Deputy PM urges extra efforts to remove Vietnam from money laundering grey list

Deputy Prime Minister Ho Duc Phoc on December 12 urged ministries and sectors to do their utmost to implement the Financial Action Task Force (FATF)’s 17 recommendations to lift Vietnam out of its list of Jurisdictions under Increased Monitoring (grey list) related to money laundering.
Vietnam pledges more contributions to UN humanitarian relief efforts

Vietnam pledges more contributions to UN humanitarian relief efforts

Deputy Minister of Foreign Affairs Do Hung Viet affirmed Vietnam's strong commitment to humanitarian relief efforts, helping people recover their lives after natural disasters and catastrophes, while addressing the 2025 Central Emergency Response Fund (CERF) High-Level Pledging Event in New York on December 10.
ADB raises growth forecasts for Vietnam

ADB raises growth forecasts for Vietnam

The Asian Development Bank (ADB) raised its 2024 and 2025 growth forecasts for Vietnam to 6.4% and 6.6% from previous predictions of 6.0% and 6.2%, driven by stronger trade activities and ongoing fiscal stimulus measures.
UNDP to support Vietnam on path toward circular economy

UNDP to support Vietnam on path toward circular economy

The UN Development Programme (UNDP) is willing to support Vietnam in conducting reforms to create an ecosystem to facilitate the transition to a greener circular and low-carbon economy, towards sustainable development, Resident Representative of UNDP in Vietnam Ramla Khalidi stated at the Vietnam Circular Economy Forum 2024 in Hanoi on December 10.

More News

Vietnam’s industrial production rises by 8.4% in 11 months

Vietnam’s industrial production rises by 8.4% in 11 months

Vietnam's index of industrial production (IIP) in the January – November period rose 8.4% from the same period last year, reported the General Statistics Office (GSO).
Vietnam maintains political stability, economic success in 2024: scholar

Vietnam maintains political stability, economic success in 2024: scholar

Professor Carl Thayer at the University of New South Wales at the Australian Defence Force Academy has described Vietnam’s maintenance of political stability and economic success as its outstanding achievements in 2024.
Vietnam expected to create hi-tech breakthroughs following partnership with NVIDIA

Vietnam expected to create hi-tech breakthroughs following partnership with NVIDIA

Two cutting-edge AI research centres, namely Vietnam Research and Development Centre and AI Data Centre, will be established under the partnership between Vietnam and US tech giant NVIDIA, making a significant milestone in the country’s technological transformation.
Vietnam needs a competitive energy market: experts

Vietnam needs a competitive energy market: experts

Vietnam is making significant strides toward transforming its energy sector by fostering a competitive and sustainable market to meet the nation’s socio-economic development demands.
PM calls for transformative energy projects

PM calls for transformative energy projects

Prime Minister Pham Minh Chinh has laid stress on the critical need for innovative power projects that are able to transform the nation’s energy landscape and prevent power shortages while addressing at a hybrid conference to review the investment and construction of the 500kVcircuit-3 power transmission line linking Quang Trach in the central province of Quang Binh and Pho Noi in the northern province of Hung Yen on December 8.
November’s CPI grows 0.13%

November’s CPI grows 0.13%

Vietnam's consumer price index (CPI) for November rose by 0.13% from the previous month and 2.77% compared to the same period last year, announced the General Statistics Office (GSO) on December 6.
PM urges extra efforts to fulfil all 15 targets set for 2024

PM urges extra efforts to fulfil all 15 targets set for 2024

Ministries and sectors need to promote the mindset of daring to think, daring to act, and daring to take responsibility for the common interests, with the goal of achieving all 15 out of 15 targets set for 2024 so as to lay the foundation and momentum for next year, Prime Minister Pham Minh Chinh stressed at the Government’s monthly regular meeting on December 7.
Expansionary fiscal policy prevents recession, boosts aggregate demand

Expansionary fiscal policy prevents recession, boosts aggregate demand

VCN - Customs News interviewed Ms. Nguyen Thanh Nga, Deputy Director of the Institute of Strategy and Financial Policy (Ministry of Finance).
Economic, diplomatic achievements promote Vietnam’s image: Chinese scholar

Economic, diplomatic achievements promote Vietnam’s image: Chinese scholar

Vietnam’s economic accomplishments and diplomatic efforts in 2024 have significantly contributed to building a positive image of the country both regionally and globally, commented Prof. Xu Liping, Director of the Centre for Southeast Asian Studies at the Chinese Academy of Social Science (CASS).
Read More

Your care

Latest Most read
Deputy PM urges extra efforts to remove Vietnam from money laundering grey list

Deputy PM urges extra efforts to remove Vietnam from money laundering grey list

Deputy Prime Minister Ho Duc Phoc on December 12 urged ministries and sectors to do their utmost to implement the Financial Action Task Force (FATF)’s 17 recommendations to lift Vietnam out of its list of Jurisdictions under Increased Monitoring (grey list) related to money laundering.
Vietnam pledges more contributions to UN humanitarian relief efforts

Vietnam pledges more contributions to UN humanitarian relief efforts

Deputy Minister of Foreign Affairs Do Hung Viet affirmed Vietnam's strong commitment to humanitarian relief efforts, helping people recover their lives after natural disasters and catastrophes, while addressing the 2025 Central Emergency Response Fund (CERF) High-Level Pledging Event in New York on December 10.
ADB raises growth forecasts for Vietnam

ADB raises growth forecasts for Vietnam

The Asian Development Bank (ADB) raised its 2024 and 2025 growth forecasts for Vietnam to 6.4% and 6.6% from previous predictions of 6.0% and 6.2%, driven by stronger trade activities and ongoing fiscal stimulus measures.
UNDP to support Vietnam on path toward circular economy

UNDP to support Vietnam on path toward circular economy

The UN Development Programme (UNDP) is willing to support Vietnam in conducting reforms to create an ecosystem to facilitate the transition to a greener circular and low-carbon economy, towards sustainable development, Resident Representative of UNDP in Vietnam Ramla Khalidi stated at the Vietnam Circular Economy Forum 2024 in Hanoi on December 10.
Vietnam’s industrial production rises by 8.4% in 11 months

Vietnam’s industrial production rises by 8.4% in 11 months

Vietnam's index of industrial production (IIP) in the January – November period rose 8.4% from the same period last year, reported the General Statistics Office (GSO).
Mobile Version