Vietnamese 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.

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.-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