The leader said the two governments would play a facilitating role by setting out major strategies, programmes, and plans, and by creating favourable conditions for businesses to cooperate, invest, and grow together.

Prime Minister Pham Minh Chinh speaks at the Viet Nam-Sweden Business Forum in Stockholm on June 12 (local time).

He noted that the Vietnamese government is focusing on consolidating institutions, developing infrastructure, and enhancing human resource training.

Viet Nam is currently implementing a comprehensive set of strategies, including restructuring the political system and two-tier local administration; promoting science, technology, innovation, and digital transformation; advancing international integration; building and enforcing laws; fostering the development of the private sector; and building an independent, self-reliant economy, the PM told the forum.

The leader affirmed that Viet Nam guarantees the legitimate rights and interests of businesses, ensures political stability, social order and safety, and maintains consistent policies — all to provide a secure environment for enterprises to invest, operate, and grow in a stable and sustainable manner.

Chinh expressed his belief that, with the strong core values and sound relationship between Viet Nam and Sweden, a new wave of Swedish investment in Viet Nam can be expected in the near future.

He also called for greater determination, stronger efforts, and a renewed approach to elevate the Viet Nam–Sweden relationship to a new stage of development.

Swedish Minister for International Development Cooperation and Foreign Trade Benjamin Dousa, who co-chaired the forum, held that amid today’s rapidly changing global landscape, Viet Nam and Sweden have new opportunities and an even greater need to strengthen cooperation across all areas.

The minister said Sweden possesses a highly skilled workforce and is home to major companies across most sectors, known for advanced technology, clean technology, high-quality services, and a strong global network. This gives Sweden strong potential and capability to cooperate effectively with Viet Nam for mutual development.

Participating enterprises highlighted their potential and strengths, shared experiences, and expressed interest in investment cooperation across various fields with a focus on accelerating green transition, fostering innovation, and transforming industries through digitalisation.

In 2024, bilateral trade reached 1.48 billion USD. Sweden currently ranks 29th out of the 149 countries and territories investing in Viet Nam, with 111 active projects and a total registered capital of 743.39 million USD.

More than 70 Swedish companies are operating in Viet Nam, including major names such as Ericsson, ABB, IKEA, Electrolux, Volvo, and H&M. In contrast, Vietnamese investment in Sweden remains modest, with only three projects valued at nearly 1 million USD.

Also at the forum, PM Chinh and Minister Dousa witnessed the exchange of seven cooperation documents, covering such spheres as aviation and new-generation artificial intelligence (AI) technology development.

Qualcomm urged to enhance cooperation with Vietnamese enterprises

Expressing his delight at the positive and substantive progress in the Viet Nam–US Comprehensive Strategic Partnership, the Party chief affirmed that Viet Nam attaches importance to developing relations with the US, wishing that the bilateral relationship will continue to develop intensively and effectively in various fields, especially in economy, trade and investment, science - technology, innovation, education - training, for the benefit of the people and businesses of the two countries.

 

State President welcomes EU cooperation in digital transition, sustainable development

State President Luong Cuong on June 9 told EU representatives his support for the bloc’s cooperation with Viet Nam in green and digital transition, sustainable development, science-technology, renewable energy, and infrastructure.

 

Viet Nam, US seek stronger agricultural cooperation

In addition, many Vietnamese firms established initial connections with Ohio partners to promote imports of raw timber, fruit, and meat products.

 

PM’s official visit to Estonia to foster bilateral multifaceted cooperation

On the back of the sound traditional friendship and multi-faceted cooperation, PM Chinh’s official visit to Estonia continues to affirm Vietnam’s consistent policy of valuing and seeking to strengthen relations with European nations, including Estonia.

 

Cooperation agreement on consumption of Luc Ngan lychee inked in Ho Chi Minh city

BAC GIANG- Within the framework of the lychee consumption promotional activities in Ho Chi Minh city, Luc Ngan district and Chu township in collaboration with Ho Chi Minh City Union of Trading Cooperatives (Sai Gon Co.op) held a programme on May 30 to sign the cooperation agreement on consumption of lychee in 2025.

ASEAN reaffirms commitment to peace, stability, and cooperation

Prime Minister Pham Minh Chinh and a high-level Vietnamese delegation continued their official visit to Malaysia and attended the 46th ASEAN Summit and related high-level meetings on May 28.