Sweden pledges to help Vietnam in energy saving

Sweden will help Vietnam in areas of its strength like energy saving, focusing on renewable energy development, Swedish Minister for Foreign Trade Ann Linde has said.

Sweden pledges to help Vietnam in energy saving
Swedish Minister for Foreign Trade Ann Linde

Linde made the pledge during her meeting with Vietnamese Minister of Industry and Trade Tran Tuan Anh in Hanoi on May 8, which took place within the framework of the visit to Vietnam by Crown Princess of Sweden Victoria Ingrid Alice Désiree.

Sweden will also back Vietnamese small- and medium-sized enterprises, while assisting the country in building policies, developing infrastructure, and training personnel to meet the requirements of the fourth Industrial Revolution and the digital economy, she said.

The minister affirmed Sweden’s support to Vietnam at the European Commission (EC) in signing and ratifying the EU-Vietnam Free Trade Agreement and EU-Vietnam Investment Protection Agreement.

The Swedish Government and businesses always give deep sentiments and attention to Vietnam, she said.

The two ministers noted with pleasure the development of the bilateral cooperation and exchanged views on issues of shared concern.

Anh said the Vietnamese Ministry of Industry and Trade (MoIT) will fulfil its role as a bridge between enterprises of the two countries for mutual development, while closely coordinating with relevant ministries and agencies in setting forth development orientations in the spheres of common concern such as energy, supporting industry, retail, and vocational training.

 

He pointed out, however, that the bilateral trade has yet to match potential of both countries.

In 2018, two-way trade reached only 1.5 billion USD, a year-on-year rise of 14.34 percent, of which Vietnam’s exports stood at 1.16 billion USD, up 18.99 percent, and imports hit 345 million USD, up 1.09 percent.

According to the MoIT’s European-American Market Department, in the first quarter of 2019, Vietnam exported 324 million USD worth of goods to Sweden and imported 72 million USD from the country, with total revenue up 4.37 percent against the same period last year.

Sweden now ranks 33rd among 131 countries and territories investing in Vietnam, with 67 valid projects valued at over 365 million USD.

Currently, the European country is running many business projects in Vietnam, covering various realms like retail, machine manufacturing, electricity, IT and telecommunications, urban transport infrastructure, electronics, food processing, and education-training.

On the occasion, Anh attended the Vietnam-Sweden Business Forum and chaired the Vietnam-Sweden Business Summit.–VNA

 
 

Other News

.
15th East Asia Summit: Vietnam highlights importance of maintaining environment of peace and stability
15th East Asia Summit: Vietnam highlights importance of maintaining environment of peace and stability
POLITICSicon  15/11/2020 

The 15th East Asia Summit (EAS) took place virtually on November 14, during which leaders exchanged views on regional and international issues of shared concern, including the COVID-19 pandemic and economic recovery.

ASEAN 2020: New opportunities offered to ASEAN businesses
ASEAN 2020: New opportunities offered to ASEAN businesses
POLITICSicon  15/11/2020 

The 11th ASEAN-UN Summit and the 4th Regional Comprehensive Economic Partnership (RCEP) Summit are scheduled to take place via video conference on November 15, the last working day of the 37th ASEAN Summit and Related Summits.

ASEAN Plus Three leaders talk with East Asia Business Council representatives
ASEAN Plus Three leaders talk with East Asia Business Council representatives
POLITICSicon  15/11/2020 

Vietnamese Prime Minister Nguyen Xuan Phuc, as the ASEAN Plus Three Chair, proposed the business community continue standing shoulder-to-shoulder with the governments in the fight against the COVID-19 pandemic and in economic recovery in East Asia

Mekong countries, RoK agree to lift relations to strategic partnership
Mekong countries, RoK agree to lift relations to strategic partnership
POLITICSicon  14/11/2020 

Mekong countries and the Republic of Korea (RoK) on November 13 agreed to lift bilateral relations to a strategic partnership.

Mekong countries and partners boost cooperation
Mekong countries and partners boost cooperation
POLITICSicon  14/11/2020 

The 2nd Mekong-the Republic of Korea Summit and the 12th Mekong-Japan Summit took place via teleconference in Hanoi.

NA approves four bills, two resolutions on November 13
NA approves four bills, two resolutions on November 13
POLITICSicon  14/11/2020 

The 14th National Assembly’s 10th session convened the ninth working day in Hanoi on November 13, adopting four draft laws and two resolutions.

Thinking on development should be renewed
Thinking on development should be renewed
FEATUREicon  14/11/2020 

In the 2021 - 2030 period, it is necessary to renew thinking, accelerate institutional reform, and apply scientific and technological advances, innovation and digital transformation.

Vietnam pledges contributions to regional COVID-19 fight
Vietnam pledges contributions to regional COVID-19 fight
POLITICSicon  13/11/2020 

Vietnam will contribute 100,000 USD to the ASEAN COVID-19 Response Fund and is committed to contributing $5 million worth of medical supplies to the Regional Reserve of Medical Supplies, 

Thai Deputy PM speaks highly of Vietnam as ASEAN 2020 Chair
Thai Deputy PM speaks highly of Vietnam as ASEAN 2020 Chair
POLITICSicon  14/11/2020 

Deputy Prime Minister and Foreign Minister of Thailand Don Pramudwinai talked about issues discussed at the 37th ASEAN Summit and related meetings, held virtually from November 12-15, and the role of Vietnam as the ASEAN Chair in 2020.

East Sea issues must be resolved peacefully, constructively: Malaysian PM
East Sea issues must be resolved peacefully, constructively: Malaysian PM
MARITIME SOVEREIGNTYicon  13/11/2020 

Malaysia is firm with its stance that matters relating to the East Sea (known as the South China Sea internationally) must be resolved peacefully and constructively, Prime Minister Muhyiddin Yassin said on November 12.

Vietnamese, Polish ministries sign MoU on finance cooperation
Vietnamese, Polish ministries sign MoU on finance cooperation
POLITICSicon  13/11/2020 

The finance ministries of Vietnam and Poland have signed a memorandum of understanding (MoU) on cooperation in a range of fields between the two sides.

12th Mekong-Japan Summit opens
12th Mekong-Japan Summit opens
POLITICSicon  13/11/2020 

The 12th Mekong-Japan Summit was held online on November 13, under the chair of Prime Minister Nguyen Xuan Phuc and his Japanese counterpart Suga Yoshihide.

Vietnamese PM chairs 21st ASEAN-RoK Summit
Vietnamese PM chairs 21st ASEAN-RoK Summit
POLITICSicon  13/11/2020 

Prime Minister Nguyen Xuan Phuc chaired the 21st ASEAN – Republic of Korea Summit in Hanoi on November 12.

23rd ASEAN-Japan Summit held online
23rd ASEAN-Japan Summit held online
POLITICSicon  13/11/2020 

The 23rd ASEAN-Japan Summit was held online under the chair of Vietnamese Prime Minister Nguyen Xuan Phuc.

ASEAN Women Leaders’ Summit held
ASEAN Women Leaders’ Summit held
POLITICSicon  13/11/2020 

The ASEAN Women Leaders’ Summit was held on November 12 within the framework of the 37th ASEAN Summit and related meetings.

ASEAN Women Leaders’ Summit encourages women to prove their role
ASEAN Women Leaders’ Summit encourages women to prove their role
POLITICSicon  13/11/2020 

The role of women and gender equality-related issues will be discussed comprehensively for the first time at the ASEAN Women Leaders’ Summit held online on November 12, 

Leaders stress need for post-pandemic economic recovery at ASEAN+1 summits
Leaders stress need for post-pandemic economic recovery at ASEAN+1 summits
POLITICSicon  13/11/2020 

Leaders of 10 ASEAN Member States and their partners of China, Japan, the Republic of Korea (RoK) and India discussed measures to boost post-pandemic economic recovery and ensure global supply chains 

PM speaks highly of Mekong-RoK cooperation
PM speaks highly of Mekong-RoK cooperation
POLITICSicon  13/11/2020 

With strong commitments and resolve of member countries, cooperation between Mekong countries and the Republic of Korea (RoK) has developed in both depth and width, Prime Minister Nguyen Xuan Phuc said on November 13.

China’s Coast Guard bill: ‘a test’ for the new US President
China’s Coast Guard bill: ‘a test’ for the new US President
MARITIME SOVEREIGNTYicon  13/11/2020 

While the world focused on the US presidential election, tensions in the East Sea have not been relieved as provocative actions from Beijing continued.

Connectivity could be the fourth pillar in ASEAN Community: Ambassador
Connectivity could be the fourth pillar in ASEAN Community: Ambassador
POLITICSicon  13/11/2020 

On the occasion of the 37th ASEAN Summit, Tran Duc Binh, Ambassador and Permanent Representative of Vietnam to ASEAN, wrote an article extolling the importance of the Master Plan on ASEAN Connectivity (MPAC),

 
 
 
Leave your comment on an article

OR QUICK LOGIN