Trade and investment play important role in Vietnam-Sweden ties

May 30th at 14:00
30-05-2019 14:00:04+07:00

Trade and investment play important role in Vietnam-Sweden ties

Prime Minister Nguyen Xuan Phuc and Swedish counterpart Stefan Löfven affirmed trade and investment play an important role in Viet Nam-Sweden relations during their talks in Stockholm on Monday.

Phuc stressed Viet Nam always attaches importance to the traditional friendship with Sweden and expects to further enhance the multi-faceted cooperation with the European country. He took the occasion to extend sincere thanks to Sweden for its valuable support and assistance for Viet Nam’s struggle for national liberation in the past and the current cause of national development and international integration.

Meanwhile, Loefven highly valued Phuc’s ongoing visit to Sweden on the occasion of the 50th founding anniversary of diplomatic relationship, which will help foster the bilateral cooperation.

Loefven also said people of Sweden admire the bravery and steadfast will of the Vietnamese people, adding the Government of Sweden regards Viet Nam as one of its key partners in the region.

The two PMs agreed to step up cooperation in such fields like innovation, smart urban development, environment, artificial intelligence, internet of things, information and communications, healthcare among others.

They welcomed the organization of the Viet Nam-Sweden Business Forum in Stockholm on the occasion of the visit and underlined the significance of continued facilitation of partnership between businesses of the two countries.

PM Phuc suggested the Swedish side advocate Viet Nam to develop comprehensive cooperation with the European Union.

The pair agreed to strengthen coordination in beefing up official signing of the free trade agreement and the investment protection agreement between Viet Nam and the EU in the coming weeks so that the deal would soon bring benefits to both sides.

Both sides also agreed to enhance coordination at regional and international fora like the UN, ASEM, ASEAN-EU and join efforts in dealing with global issues and climate change for sustainable development.

The two sides agreed on the importance of ensuring freedom of aviation and navigation in accordance with international law and the 1982 UN Convention on the Law of the Sea.

PM Phuc invited the Swedish PM to visit Viet Nam and the latter gladly accepted the invitation.

vir



NEWS SAME CATEGORY

Decree outlines fresh approach to planning

The long-awaited new decree guiding to the Law on Planning is expected to open a wider business development space for businesses to venture further into projects in...

Public and private sector join hands to accelerate green growth

Given the country’s investment deficit regarding sustainable development projects, there is a growing need for innovative solutions that open up opportunities for...

VEPR: Vietnam’s growth rate at either 6.56 per cent or 6.81 per cent

Vietnam's growth in 2019 is expected to reach either 6.56 or 6.81 per cent as growth in the first months of 2019 was slower than during the same period last year...

Some 85 per cent of VN enterprises remain outside of Industry 4.0

As many as 85 per cent of industrial enterprises in Viet Nam still lag behind the fourth Industrial Revolution (Industry 4.0), and only 13 per cent are at the...

CPI up 0.49 per cent in May

Consumer price index (CPI) in May was up 0.49 per cent month on month and 2.88 per cent year on year, the General Statistics Office reported on Wednesday.

Vietnamese firms promote products at Thai FB trade fair

More than 30 Vietnamese food and beverage (F&B) enterprises are displaying their products in Bangkok at one of Asia’s largest trade fairs.

Vietnam economy to become larger than Singapore’s in 10 years: DBS Bank

Vietnam’s economy could surpass Singapore’s by 2029 thanks to rising foreign investment and productivity growth, the Singaporean creditor says.

Assembling a circular economy

Vietnam is now striving to develop an economy that minimises waste. Tero Raassina, principal investment specialist from the Global Green Growth Institute, writes...

Vietnam's low labor cost appeal waning: Fitch

With recent minimum wage increases, Vietnam’s low labor cost allure for foreign investors is on the decline, says a Fitch Group report.

Customs sector focuses on CPTPP implementation

Viet Nam’s customs sector will help businesses carry out procedures while implementing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership...


MOST READ


Back To Top